Britain’s FTSE 100 closed lower, snapping a five-day winning streak as global markets went into a risk-off mode after U.S. President Donald Trump said he was firing Federal Reserve Governor Lisa Cook.
London stocks caught in global pullback
Spot Bitcoin ETFs end six-day outflow streak
Spot Bitcoin exchange-traded funds ended a six-day streak of net outflows on Monday, with $219 million in daily inflows. Fidelity and BlackRock ETFs led the rebound, driving a majority of the daily net inflows.
Oil prices rise as Russia-Ukraine war threatens supply disruption
Oil prices climbed around 2%, continuing last week’s gains, as traders anticipated more U.S. sanctions on Russian oil and Ukrainian attacks on Russian energy infrastructure that could disrupt supplies.
Gold holds steady as markets await cues on Fed policy path
Gold prices held steady, as the market’s focus shifted to upcoming U.S. PCE data for cues on the Federal Reserve’s policy path, while a stronger dollar capped gains.
ECB rate cut talk may resume after September pause
The European Central Bank is likely to keep interest rates on hold next month but discussions about further cuts may well resume in the autumn if the economy weakens. ECB President Christine Lagarde said in July the euro zone’s central bank was “in a good place” as it left its key rate at 2%.
US to take 10% equity stake in Intel
President Donald Trump said the U.S. would take a 10% stake in Intel under a deal with the struggling chipmaker that converts government grants into an equity share, the latest extraordinary intervention by the White House in corporate America.