Daily Market Roundup

North America News

Nvidia stock slides despite record-breaking quarter

Nvidia (NVDA) delivered another blowout quarter but couldn’t satisfy sky-high expectations, sending shares lower after hours.

• Q2 Results: EPS $1.05 (est. $1.01), revenue $46.74B (est. $45.51B).
• Data center sales: $41.1B (slightly below $41.3B est.).
• Gaming: $4.3B (beat $3.83B est.).
• Compute: $33.84B (missed $35.87B est.).

Guidance:

• Q3 revenue outlook: $52.9B–$55.1B (est. $53.5B).
• Gross margins projected at 74% (vs. 72% est.).
• Guidance excludes sales of H20 chips to China, which just got U.S. approval.

Capital moves: Nvidia authorized a $60B share buyback, adding fuel to long-term bulls.

Market reaction: Shares dropped as much as -5% after hours, slipping toward $172, as traders fixated on the slight miss in data center sales and cautious tone on China shipments. Analysts noted that even record-breaking numbers may not be enough to sustain the stock’s meteoric rise, with bears pointing to stretched valuations.

Wall Street closes higher, S&P hits new record

U.S. equities advanced Wednesday, with the S&P 500 notching its 19th record close of the year as earnings season rolled on.

• Dow Jones: +146.98 points (+0.32%) at 45,565.05
• S&P 500: +15.46 points (+0.24%) at 6,481.40 (new record)
• Nasdaq Composite: +45.87 points (+0.21%) at 21,590.14

After the bell, two tech names posted results:

• Snowflake (SNOW): Q2 EPS $0.35 vs. $0.27 est., revenue $1.10B vs. $1.08B est. → shares jumped +12.5%.
• CrowdStrike (CRWD): Q2 EPS $0.93 vs. $0.83 est., revenue $1.17B vs. $1.15B est. → shares fell -7.9% despite the beat.

U.S. 5-Year Auction Clears With 0.7 bps Tail

The U.S. Treasury sold $70 billion of 5-year notes at a high yield of 3.724%, compared with a when-issued level of 3.717%, leaving a 0.7 bp tail versus a six-month average of -0.1 bp.

• Bid-to-cover: 2.36x (in line with six-month average 2.37x)
• Direct bidders: 30.74% (vs. 19.4% average)
• Indirect bidders: 60.5% (vs. 69.3% average)
• Dealers: 8.8% (vs. 11.2% average)

Domestic participation was notably strong, offsetting lighter foreign demand. Dealers took down less than average.

U.S. MBA Mortgage Applications Slip 0.5%

For the week ending 22 August, MBA data showed mortgage applications fell 0.5%, after a 1.4% drop the week prior.

• Market index: 275.8 (vs. 277.1 prior)
• Purchase index: 163.8 (vs. 160.3 prior)
• Refinance index: 894.1 (vs. 926.1 prior)
• 30-year fixed mortgage rate: 6.69% (up from 6.68%)

The release is not considered a market mover.

Treasury’s Bessent to Begin Fed Chair Interviews After Labor Day

Treasury Secretary Bessent said he will begin interviewing candidates for Fed Chair after Labor Day, with a shortlist to be presented to President Trump.

There are 11 names under consideration. Betting market Kalshi shows Christopher Waller leading with a 30% probability, followed by Kevin Marsh at 22% and Kevin Hassett at 18%.

Other potential candidates include David Zervos, James Bullard, Michelle Bowman, David Malpass, Marc Sumerlin, Larry Lindsey, Philip Jefferson, and Lorie Logan.

NY Fed’s Williams: Fed Independence Key, Inflation and Jobs More Balanced

Speaking on CNBC, New York Fed President John Williams stressed the importance of central bank independence, while declining to comment on allegations surrounding Governor Lisa Cook.

Key points:

• GDP slowed in H1 and is expected to grow at 1–1.5% for the year.
• Labor market remains solid, though payroll growth has softened due to supply and demand adjustments.
• Wage growth remains an important signal.
• Inflation outside tariffs has been easing but is still above 2%. Housing inflation is slowing, while service inflation remains in focus.
• Policy is “modestly restrictive” and could be eased toward a more normal level.
• Every Fed meeting remains “live” depending on incoming data.

Credit Agricole Expects Mild Dollar Selling Into Month-End Fix

Credit Agricole’s month-end model points to modest U.S. dollar selling across the G10, largely driven by August’s U.S. equity gains. The bank noted that even though the dollar strengthened during the month, equity performance adjusted for FX shifts supports mild rebalancing flows against the greenback.

The strongest selling pressure is projected against the Norwegian krone, while other G10 currencies should see only light dollar selling into the fix. Barclays issued a similar assessment earlier this week.

UBS Warns Fed Capture Could Trigger Inflation Spike and Stifle Growth

UBS has cautioned that the U.S. economy could face serious risks if the Federal Reserve’s independence weakens. The bank argued that growing political interference may push borrowing costs higher, fuel inflation volatility, and choke off growth.

UBS described Jerome Powell’s Jackson Hole address as “classic Powell” — giving short-term signals of a likely September rate cut to offset trade headwinds, but offering no solid roadmap for tackling deeper structural challenges. While markets initially cheered the hint of easier policy, the firm dismissed the speech as little more than a “data-dependent mantra padded with rhetoric.”

The bank also criticized Powell for not strongly defending the Fed’s autonomy. President Trump’s threats to remove Governor Lisa Cook underscored how vulnerable the institution may be to political pressure.

UBS warned that if the Fed becomes politicized, consequences could include:

• renewed uncertainty over inflation
• as much as a full percentage point added to real borrowing costs
• ripple effects across fiscal policy, corporate investment, housing affordability, household savings, and speculative trading

Trump’s Fed Clash and Powell’s Cut Signals Could Deepen Dollar Selloff

MUFG noted that the dollar has so far seen only modest losses, but warned the risks are building. Trump’s escalating conflict with the Federal Reserve — including his attempt to fire Governor Lisa Cook — raises new questions about the central bank’s independence.

Although legal challenges may delay Trump’s effort, the symbolism of the move adds weight to concerns that U.S. institutions are under siege. MUFG argued this could set up the dollar for a sharper decline in the months ahead.

Adding to the pressure, Powell’s latest remarks confirmed the Fed is edging toward another rate cut, further tilting sentiment against the greenback.

Commodities News

Gold steadies near $3,400 as Fed path eyed

Gold hovered around $3,397/oz Wednesday as markets weighed Fed policy risks against rising political tensions in Washington.

• Traders have priced a 90% chance of a September rate cut, with PCE, CPI, and the August jobs report in focus before the Fed’s Sept. 16–17 meeting.
• NY Fed President John Williams repeated that all meetings are “live” and data-driven, stressing balance between jobs and inflation.
• White House pressure on the Fed has stoked safe-haven demand, though bullion has yet to break decisively above $3,400, the key resistance level.

Analysts say a move above $3,400 could target $3,452 (June peak). Until then, gold remains stuck in consolidation despite a weaker dollar and mounting political noise.

Crude Oil Settles Near Highs at $64.15

WTI crude futures settled at $64.15, up $0.90 or 1.42%, with prices closing near the session high of $64.23 after dipping to $62.95 earlier.

The contract briefly traded below its 200-hour moving average for the first time since August 21 but recovered to end above the 100-hour average at $63.74. Support came from a larger-than-expected 2.4 million-barrel crude stock draw (vs. -1.86m expected). Gasoline inventories fell by 1.24m barrels.

U.S. Weekly Crude Inventories Show 2.4m Barrel Draw

EIA data showed U.S. crude stocks fell 2.392m barrels last week, a deeper draw than the 1.863m consensus estimate.

• Gasoline: -1.236m (vs. -2.154m expected)
• Distillates: -1.786m (vs. +0.885m expected)
• Cushing: -0.838m (vs. +0.419m last week)

WTI crude traded at $63.82, up $0.57, regaining its 100-hour moving average at $63.72 after dip buyers stepped in near the 200-hour MA.

Technical setup: The 100-hour and 200-hour moving averages are the near-term pivot levels. A sustained break below the 100-hour MA could neutralize the bullish bias, while holding above keeps buyers in control.

Chinese Steel Inventories Rise; Copper Output Surges

ING analysts reported that steel inventories at major Chinese mills rose 4% to 15.7mt in mid-August compared with early August, marking a second consecutive weekly increase. Stocks remain 4.8% lower year-on-year.

Crude steel output climbed 2% to 2.12mt/d in mid-August as strong margins encouraged production. Semi-finished steel exports jumped 320% y/y to 7.4mt in the first seven months, with demand from Southeast Asia and the Middle East driving growth.

In copper, MMG’s Las Bambas mine in Peru boosted production 67% y/y to 210kt in H1 2025. Output is on track to reach 400kt this year, or 77% of MMG’s total 2025 production goal. Improved community relations have helped avoid disruptions.

ING: U.S. Secondary Tariffs on India Take Effect, Oil Pauses

ING noted oil prices slipped 2.3% on Tuesday, breaking a four-day winning streak, as the rally became detached from weaker fundamentals.

Trump’s 25% secondary tariffs on Indian imports took effect, raising the total levy to 50%. Indian refiners briefly paused Russian oil purchases but have since resumed, reducing the impact of sanctions.

API data showed U.S. crude inventories down 1m barrels, gasoline stocks -2.1m, and distillates -1.5m. Distillate draws were mildly supportive given the seasonal tendency for builds. EIA figures are due later today.

U.S. Doubles Tariffs on Indian Imports to 50% Over Russian Oil Purchases

Washington has implemented a 50% tariff on a wide range of Indian exports, doubling the previous 25% levy as retaliation for India’s continued purchases of Russian crude. Products affected include garments, gems, footwear, furniture, and chemicals.

Goods already in transit before the midnight deadline qualify for a three-week exemption. Steel and aluminum imports are not included in the tariff hike.

Talks between the two governments remain strained, highlighting how even close partners are vulnerable to Trump’s trade moves.

Here’s a good list by Reuters on what will be impacted the most from India:

Goldman Sachs Predicts Brent Oil to Sink to Low $50s by 2026

Goldman Sachs expects Brent crude to slide into the low USD 50s by late 2026, driven by a deepening global supply surplus.

The bank projects supply will exceed demand by 1.8 million barrels per day from Q4 2025 through Q4 2026, adding nearly 800 million barrels to inventories during that period.

The bearish outlook points to pressure on energy equities and commodity-linked currencies over the next two years.

Crude Oil Awaits NFP After Failing to Extend Powell Bounce

Crude oil rallied briefly after Powell’s dovish tone but failed to sustain momentum, reversing gains as resistance levels held. The focus now shifts to U.S. labor market data, which could reset Fed rate expectations and drive energy markets.

• Strong NFP: likely short-term bearish, as hawkish repricing hurts growth sentiment.
• Weak NFP: could reinforce dovish Fed bets and support a breakout toward $70.

Technical Picture:

• Daily: Crude rejected resistance at $64.00, with sellers defending the downward trendline. A break above could target $70.00, while failure risks a fall to $59.77.
• 4-hour: Limited signals; short-term picture clearer on lower timeframe.
• 1-hour: Minor downward trendline defines bearish bias. Bulls need a break higher to challenge the broader trendline.

Europe News

European Stocks Close Mostly Lower; CAC Outperforms

Major European indices ended Wednesday lower, with the CAC 40 the lone gainer.

• DAX: -0.41%
• CAC 40: +0.44%
• FTSE 100: -0.11%
• Ibex 35: -0.65%
• FTSE MIB: -0.72%

Germany’s GfK Consumer Sentiment Drops to -23.6 for September

German consumer confidence deteriorated heading into September, with the GfK index falling to -23.6 from a revised -21.7 in August, below expectations of -22.0.

Concerns over potential job losses weighed heavily on sentiment. While the industrial sector has shown resilience in Q3, households remain cautious, underscoring uneven momentum in Europe’s largest economy.

UK Retail Sales Slump Again in August, Price Pressures Build

The CBI retail sales balance for August came in at -32, slightly better than July’s -34 but still reflecting steep weakness. This marks the eleventh straight monthly decline in retail activity.

Retailers continue to face subdued demand, cutting back on investment and hiring plans. However, the measure of average selling prices jumped to +65 — the fastest pace since November 2023 — signaling inflationary pressures are returning.

Swiss Investor Sentiment Collapses After U.S. Tariffs

UBS and CFA Society Switzerland reported that investor sentiment plunged to -53.8 in August, from 2.4 in July.

The sharp deterioration follows the U.S. move to impose 39% tariffs on Swiss exports at the start of August. Nine out of ten analysts surveyed now expect Swiss export performance to worsen over the next six months. The sub-index measuring export expectations collapsed from -35.1 to -89.8, driving the overall decline.

EU Moves to Scrap Tariffs on U.S. Goods Amid Auto Dispute

Bloomberg reports the EU is preparing legislation to remove tariffs on U.S. industrial goods, potentially as soon as this week. The move is designed to meet Trump’s demands in hopes of easing U.S. auto tariffs, which currently stand at 27.5%.

The EU is also considering lower tariffs on certain seafood and agricultural imports, though officials see this largely as a sweetener to secure relief on autos. If the legislation is tabled before month-end, Trump’s 15% auto tariff rate will apply retroactively to 1 August.

SNB vice chairman Martin: We do not engage in manipulation of the Swiss franc

• Remarks by SNB vice chairman, Antoine Martin

• Forex market interventions may be necessary to ensure price stability
• Current Swiss franc value is more down to dollar being weak than stronger franc
• The bar for taking rates into negative territory is higher than it is for cutting rates when above zero
• Past experience shows negative rates have worked
• However, they create more challenges for banks, investors, households
• We don’t see risk of deflationary developments
• Inflation dynamics in Switzerland should not be dramatically disrupted by recent dollar movements
• We currently have no reason to increase or reduce gold holdings
• Bitcoin does not meet our criteria for assets

Asia-Pacific & World News

Chinese Broker Tightens Margin Rules Amid Market Rally

Sinolink Securities has increased its margin deposit ratio for new financing contracts to 100% from 80%, making it the first Chinese broker to tighten rules during the ongoing stock market rally.

The shift comes as mutual funds also pull back from new orders following a surge that has lifted Chinese stocks by more than $1 trillion in value over the past month. The Shanghai Composite now sits at a 10-year high, and the CSI 300 is up over 20%.

Still, weak economic data has tempered optimism, raising doubts about how sustainable the rally really is.

China to Roll Out New Policies in September to Boost Service Consumption

A senior official from China’s Ministry of Commerce said new measures will be introduced in September to encourage service-sector spending.

The move comes in response to persistent weakness in recent economic data, as policymakers look to stimulate domestic demand and stabilize growth.

China’s Industrial Profits Fall 1.5% in July, Third Monthly Drop

China’s industrial profits declined 1.5% year-on-year in July, narrowing from June’s 4.3% drop.

For the first seven months of 2025, profits were down 1.7% y/y, compared with -1.8% previously.

Analysts said the decline reflected persistent deflationary pressure, with factory-gate prices falling for 34 straight months, fierce competition among producers, and weak domestic demand. Government measures to curb excess competition have yet to improve margins.

China Plans Rare Washington Trade Talks as Trump Threatens Tariffs

China will send senior trade envoy Li Chenggang to Washington this week, marking the first such talks in the U.S. capital in years. The move comes as both sides seek to maintain dialogue during their current tariff truce.

Li, a close aide to China’s lead negotiator He Lifeng, is scheduled to meet USTR deputy Jamieson Greer, U.S. Treasury officials, and American business leaders, according to the Wall Street Journal.

Topics on the table include U.S. soybean purchases, fentanyl-related tariffs, and restrictions on technology sales to China.

These talks follow May’s deal that lowered U.S. tariffs on Chinese imports from 145% to 30%, with China cutting duties on American goods from 125% to 10%. The truce was renewed in July, with additional sessions held in Europe.

Still, tensions remain. Trump has threatened “200% tariffs or something” if Beijing restricts rare earth exports.

PBOC sets USD/ CNY central rate at 7.1108 (vs. estimate at 7.1559)

• PBOC CNY reference rate setting for the trading session ahead.

PBOC injected 379.9bn yuan via 7-day reverse repos at 1.40%

• 616bn yuan mature today
• net 236.1bn yuan drain

Australia’s Leading Index Shows Tepid Growth, ‘Slow Motion’ Recovery Persists

The Westpac-Melbourne Institute Leading Index for July 2025 inched up to 0.12% from 0.01% in June, signaling only modest growth momentum.

Analysts at Westpac described the economy as stuck in a “slow motion” recovery, weighed down by softer commodity prices and a stronger Australian dollar. Labour market data has also weakened, while other components of the index remain directionless.

Australian Construction Work Surges 3.0% in Q2, Best Since Early 2023

Australia’s Q2 2025 construction work rose 3.0% quarter-on-quarter, smashing expectations of a 0.8% increase and following flat growth in Q1.

It was the strongest quarterly rise since Q1 2023, offering a positive surprise for the sector.

Australia’s July CPI Hits 2.8% y/y, Much Hotter Than Forecast

Australia’s monthly consumer price index for July 2025 rose 2.8% year-on-year, beating expectations of 2.3% and sharply higher than June’s 1.9%.

On a monthly basis, CPI jumped 0.9% after a 0.2% rise previously. Goods inflation accelerated to 2.3% y/y from 1.1%.

The trimmed mean, a key core measure, spiked to 2.7% y/y from 2.1%, pointing to broad-based inflationary pressure.

Woolworths Profit Falls 19% to A$1.39b but Matches Expectations

Woolworths Group posted a full-year net profit after tax of A$1.39 billion, down 19% from A$1.71 billion a year earlier. The result, covering the year to June 29, was broadly in line with consensus forecasts of A$1.38 billion.

The drop in profit reflected the squeeze from higher living costs, which cut into spending across its Australian Food and BIG W divisions. Still, markets took comfort that the results were consistent with analyst expectations, softening the downside reaction.

Japan’s Chief Trade Negotiator Heads to Washington for Talks

Japan’s top trade negotiator, Akazawa, will travel to Washington on Thursday for a new round of discussions.

The agenda is expected to cover Japanese investment in the U.S., with details yet to be finalized. The move highlights ongoing efforts by both governments to expand bilateral cooperation.

Crypto Market Pulse

Crypto Today: Bitcoin Pressured by Weak Demand; ETH, XRP Trade Choppy

Bitcoin (BTC) hovered above $110,000, struggling to attract fresh demand after peaking near $124,474 on August 14. Whale profit-taking, weaker ETF inflows, and shrinking on-chain activity have weighed on sentiment.

• Bitcoin: Glassnode data show transfer volume has slipped from $26.7b to $23.2b, with risk of dropping below the yearly $21.6b average. U.S. spot ETFs posted $1.17b outflows last week; inflows of $219m and $88m earlier this week remain subdued versus prior months.

• Ethereum: Trading above $4,600, supported by $899m net ETF inflows so far this week after last week’s $238m outflows. Despite record highs near $4,955, momentum signals (MACD, RSI) warn of near-term downside toward $4,000–3,916. Longer-term, ETH remains supported by upward-sloping 50/100/200-day EMAs.

• XRP: Holds above $3.00, but sentiment remains fragile despite derivative market optimism.

The broader crypto market remains cautious ahead of September Fed policy decisions, which could set the next trend for digital assets.

XRP Holds Above $3.00 With Eyes on $3.38 Resistance

XRP steadied above the $3.00 level Wednesday, with improving sentiment supported by declining exchange reserves, firmer derivatives activity, and increased retail demand.

• Exchange reserves dropped from 3.0b XRP in July to 2.9b XRP, easing potential selling pressure.
• Open interest has rebounded to $8b, up from August lows of $7.02b.
• Futures funding rates remain positive, indicating traders are leaning long.

The next resistance stands at $3.38, with scope to retest July’s record high at $3.66 if momentum continues.

Hyperliquid (HYPE) Holds Near Record High as Open Interest Surges

Hyperliquid (HYPE) traded around $49–50, near last week’s record high of $51.50, supported by rising retail demand and fresh institutional infrastructure.

Custody provider BitGo has added support for HyperEVM, enabling regulated custody and interaction with Hyperliquid assets.

Speculative activity remains strong: open interest reached a record $2.23b, according to CoinGlass. Sustained OI growth suggests sentiment is firmly bullish, with a confirmed base above $50 potentially opening a new price discovery phase.

Bitcoin Outlook Turns to NFP After Post-Powell Decline

Bitcoin initially surged after Powell’s dovish comments raised the probability of a September Fed rate cut to 84%, with markets pricing in 54 bps of easing by year-end. But the gains quickly faded, with prices sliding in subsequent sessions absent a clear catalyst.

The next key event is the U.S. nonfarm payrolls report. Strong labor data could halve the odds of a September cut and shift rate expectations more hawkish, weighing on Bitcoin. Softer numbers would strengthen bets on multiple cuts by year-end, likely supporting the cryptocurrency.

Technical Picture:

• Daily: Bitcoin trades below key support at 111,900. Sellers may target 100,000, while buyers will seek a rebound above 111,900 to aim for 123,000.
• 4-hour: A downward trendline continues to cap rallies. Bears are expected to lean on it unless a breakout triggers upside momentum.
• 1-hour: A minor rising trendline is offering short-term support. Bulls may use it to attempt a recovery, but a break lower could extend losses.

Canary Capital Files for First Trump Meme Coin ETF

Canary Capital has applied to launch the first U.S. exchange-traded fund directly tied to the TRUMP meme coin.

Unlike earlier proposals that offered only indirect exposure through offshore structures, this filing was made under the Securities Act of 1933. If approved, the ETF would be backed by TRUMP tokens held under strict custody in the U.S., marking a regulatory first for a meme coin product.

BlackRock Buys $315m in Ethereum as ETFs See $444m in Fresh Inflows

BlackRock has acquired $314.9 million worth of Ethereum across several transactions in the past five days, according to crypto industry reports.

At the same time, spot Ethereum ETFs attracted $443.91 million in net inflows, highlighting accelerating institutional interest in the asset.

ETH prices, which had been under pressure, bounced back on Tuesday, helped by BlackRock’s purchases — seen as a strong vote of confidence in Ethereum’s long-term investment case.

The Day’s Takeaway

North America

• Equities: U.S. stock indices closed higher, with the S&P 500 logging its 19th record close of the year.
  • Dow Jones: +146.98 pts (+0.32%) at 45,565.05
  • S&P 500: +15.46 pts (+0.24%) at 6,481.40
  • Nasdaq Composite: +45.87 pts (+0.21%) at 21,590.14
• Corporate Earnings:
  • Nvidia (NVDA): Posted Q2 beats with EPS $1.05 (vs. $1.01 est.) and revenue $46.74B (vs. $45.51B est.). Data center sales slightly missed at $41.1B, while gaming outperformed at $4.3B. Q3 sales guided $52.9B–$55.1B, excluding H20 China sales. Nvidia also announced a $60B buyback. Shares dropped as much as -5% after hours, trading near $172.
  • Snowflake (SNOW): EPS $0.35 (vs. $0.27 est.), revenue $1.10B (vs. $1.08B est.) → stock +12.5% after hours.
  • CrowdStrike (CRWD): EPS $0.93 (vs. $0.83 est.), revenue $1.17B (vs. $1.15B est.) → stock -7.9% after hours.
• Treasuries: The U.S. sold $70B in 5-year notes at a high yield of 3.724%.
  • Tail came in at 0.7bps vs. 6-month avg. of -0.1bps (weaker).
  • Bid-to-cover: 2.36x (inline with avg.).
  • Domestic buyers strong at 30.7% (vs. 19.4% avg.), while indirect/foreign demand slipped to 60.5% (vs. 69.3% avg.).
  • Dealers took just 8.8%, below their 11.2% avg.
• Policy Watch: Treasury Secretary Bessent said he will begin interviewing Fed Chair candidates after Labor Day.
  • Christopher Waller leads betting markets at 30%, followed by Kevin Marsh (22%) and Kevin Hassett (18%).
  • Other names in the mix: Bullard, Bowman, Malpass, Sumerlin, Lindsey, Jefferson, Logan, Zervos.

Commodities

• Crude Oil (WTI): Settled at $64.15, up $0.90 (+1.42%).
  • Session range: $62.95 – $64.23, closing near highs.
  • Supported by EIA data showing a larger-than-expected crude draw of -2.4M barrels (vs. -1.86M est.). Gasoline stocks also fell -1.24M.
  • Price held above its 100-hour moving average ($63.74) after briefly dipping below the 200-hour MA earlier.
• Gold: Traded around $3,397/oz (+0.12%) as traders price in a 90% chance of a September Fed cut.
  • NY Fed’s Williams stressed data-dependence, keeping CPI, PCE, and jobs reports in focus ahead of the Sept. 16–17 FOMC.
  • White House–Fed tensions fueled safe-haven bids, but a break above $3,400 resistance is needed to target the June high of $3,452.

Europe

• Major indices closed mixed, with France the lone gainer:
  • German DAX: -0.41%
  • France CAC: +0.44%
  • UK FTSE 100: -0.11%
  • Spain IBEX: -0.65%
  • Italy FTSE MIB: -0.72%

Crypto

• Bitcoin (BTC): Held above $110K but faces weakening on-chain demand. Traders eye support near $103K amid ETF outflows and profit-taking by whales. U.S. spot ETFs saw $1.17B in outflows last week; modest inflows this week ($219M Mon, $88M Tue) haven’t changed the cautious tone.
• Ethereum (ETH): Trades near $4,600, choppy between $4,000 support and $4,950 resistance. ETF inflows remain steady, with $899M net inflows so far this week. A break above $5,000 could spark new highs.
• XRP (Ripple): Stabilized above $3.00 with recovery targets at $3.38 and possibly $3.66 (July record). Exchange reserves dropped from 3B to 2.9B XRP, easing sell pressure. Futures OI rebounded above $8B, showing optimism.
• Hyperliquid (HYPE): Trades near $49–$50, close to its record high of $51.50. Retail demand steady; BitGo added custody support for HyperEVM. Futures OI hit a record $2.23B, boosting bullish sentiment.