U.S. stocks slip as oil stokes inflation fears; September hike odds near 58% (Markets / Central banks)

Generaldesk view

Houthis strike four southern Saudi cities, wounding 73 and igniting oil facilities (Conflict / Energy)

Yemen’s Houthis launched a major wave of attacks early September 8 on southern Saudi targets in Abha, Jazan, Najran, and Khamis Mushait. A Saudi-led coalition s…

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Generaldesk view

Middle East spillover lifts oil; Brent approaches $99 intraday (Energy / Markets)

Oil extended gains on September 8 as Houthi strikes on Saudi Arabia, weekend U.S.–Iran tanker exchanges, and Iran’s planned Gulf “restricted zone” reinforced su…

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Generaldesk view

U.S. stocks slip as oil stokes inflation fears; September hike odds near 58% (Markets / Central banks)

In the first full session after Labor Day, major U.S. indexes fell—the Dow about 0.97%, the S&P 500 about 0.30%, and the Nasdaq slightly lower—while energy outp…

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Generaldesk view

European shares dip on oil; ECB rate decision due Thursday (Europe / Central banks)

Major European indexes were softer on September 8, with the STOXX 600 down about 0.2% and German and French markets lower, as rising crude revived inflation wor…

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Financedesk view

Post–Labor Day U.S. tape softens: Dow down nearly 1% midday as oil and hike odds curb risk appetite (indexes)

Tuesday, Sep 8 was the first U.S. cash session after Labor Day, and major indexes traded lower. As of 11:35 a.m. ET, Reuters put the Dow Jones Industrial Averag…

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Financedesk view

Mag 7 drags indexes: Nvidia, Microsoft, Apple down more than 1%; Intel surges, Qualcomm follows (tech)

Midday Reuters data showed Nvidia down about 1.68% and Microsoft about 1.39% as the heaviest Mag 7 laggards; Apple fell about 1.31% ahead of a product event the…

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Financedesk view

Brent nears $100 after Houthi strikes on Saudi energy sites; U.S. energy leads (energy)

After Yemen's Houthis attacked Saudi energy facilities and cities, Brent crude traded around $98–$99 a barrel (about a six-week high) and WTI around $93–$94. Th…

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Financedesk view

Novartis tumbles about 11%: late-stage muscle-disorder drug fails in worst day on record (pharma)

European equities were little changed overall, but Novartis plunged about 10.9%, dragging Switzerland's benchmark down about 1.6% in what Reuters called its ste…

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Financedesk view

LME copper hits a record near $14,736 a ton as tariff fears pull metal into the U.S. (commodities)

Reuters reported three-month London Metal Exchange copper up about 1.6% to roughly $14,736 a ton on Sep 8, a record high, amid tight global supply and continued…

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Financedesk view

September hike odds near 58%: 10-year yield around 4.79% as PPI/CPI dominate the week (Fed)

CME FedWatch showed roughly a 58.4% chance of a 25 bp hike at the Sep 15–16 FOMC. The 10-year Treasury yield traded near 4.786%–4.79% and the 2-year near 4.39%.…

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Financedesk view

Citi upgrades Kion to Buy on industrial-truck cycle inflection; shares jump about 6.8% (Street)

German forklift and warehouse-equipment maker Kion Group was upgraded by Citi to Buy from Neutral on a potential turning point in the industrial-truck cycle, an…

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Financedesk view

Breadth soft, vol still cheap: more decliners than advancers; VIX recently stayed complacent (sentiment)

Reuters reported NYSE and Nasdaq decliners outnumbering advancers by about 1.33× and 1.39×; the S&P 500 posted four new 52-week highs versus eight lows, and the…

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Cryptodesk view

Bitcoin slips below ~$79,000: hike odds near 60%, ~$179M liquidated, PPI/CPI week ahead (Markets)

On Tuesday, Sep 8, as U.S. markets reopened, multiple sources showed Bitcoin trading around $78,300–$79,300, with intraday lows near the high-$78,000s; Ethereum…

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