☀️ Good morning and have a fresh pack of news releases that will make your day:
🇪🇺 German Flash Manufacturing and Services PMI will come out today at 10:30 GMT 3. An hour later, the UK PMI will be released as well. Lower- than expected numbers would mean a contraction in the economy and weakens the underlying currency (the EUR and the GBP).
⛽️ European gas prices had reached an astonishing $3000 per metric ton, only $800 below the all-time-high. The US natural gas is also rising, edging to $9.95.
🇨🇳 China launched a 200-billion-yuan ($29 billion) bailout of the housing sector that is shrinking every day.
📉 More experts started to assume the US500 was in a bear market rally that won’t change the trend but give enough relief to market participants before an even deeper plunge.
🛢 Saidu Arabia’s minister said the oil market faces extreme volatility amid low liquidity. OPEC may need to tighten output to stabilize the market.
💸 Bitcoin Fear & Greed index fell below 30, indicating fear in the market, right after the main crypto decline to $21.0K.
💹 Hedge Funds are betting the Federal Reserve will stick to its hawkish way on Jackson Hole. The trade will benefit if Powell excludes dovish statements from his speech at the symposium.
#ChươngTrìnhThủLĩnhÝTưởng#
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