10h ago
RBA Governor Bullock flags tighter labour market, bolstering bets on a rate hike next week
Reserve Bank of Australia Governor Michele Bullock said in a Sydney speech that the labour market remains “a bit too tight”, adding to upward pressure on wages, business costs and inflation. She said unemployment would likely need to rise to between 4.5 and 5 per cent to take enough heat out of the labour market to ease inflation pressures. Most of the big four banks expect the RBA to lift rates next week, with ANZ also factoring in a September increase. Commonwealth Bank has also raised fixed-rate mortgage pricing, including its two-year fixed home loan rate.
10h ago
11h ago
UK borrowing rises to £18.3bn in August, outpacing forecasts ahead of October budget
The UK posted public sector net borrowing of £18.3bn in August, above expectations of £15.6bn and above the Office for Budget Responsibility’s forecast. Borrowing so far this financial year is £8.1bn higher than the OBR projected. Public sector net debt is just below £3 trillion, around 94% of GDP, the highest since the early 1960s. With inflation reported at 3.1%, debt interest costs are adding further pressure.
11h ago
12h ago
AMD joins $1 trillion valuation club as AI-driven data centre demand jumps
US chipmaker AMD has joined the $1 trillion valuation club as investors buy into stocks tied to heavy artificial intelligence spending. At around 5:10 p.m. CEST on Monday, the company’s shares were up 9.4% at $612, extending a week-long rally that added about $200 billion to its market value. Second-quarter revenue rose 50% year on year to $11.5 billion as data centre revenue more than doubled. AMD said it expects data centre sales to accelerate in the second half of 2026.
12h ago
12h ago
U.S. crypto ETF flows for Sept. 21–22: BTC +998.95 million USD, ETH +269.98 million USD, SOL +26.10 million USD
U.S. crypto ETF flow data for Sept. 21–22 showed net inflows of +998.95 million USD for BTC ETFs and +269.98 million USD for ETH ETFs. SOL ETFs recorded a net inflow of +26.10 million USD, while ZEC, HYPE, LINK and DOGE ETFs also posted net inflows. LTC ETFs saw a net outflow of 150.50 thousand USD, and XRP, HBAR, TRX, AVAX, DOT and BNB ETFs recorded no net flow change.
BTC
BTC+0.76%
12h ago