Tariffs quagmire dominates the setting to start the weekWhat does September normally have in store for markets?Gold eyes upside break to kick start September tradingThe surge in gold prices in not good news: an explainer on what's driving itECB's Lagarde: As of itself, French banking system is not a source of riskECB's Lagarde: US court challenge to Trump tariffs adds another level of uncertaintyEurozone July unemployment rate 6.2% vs 6.2% expectedEurozone August final manufacturing PMI 50.7 vs 50.5 prelimUK August final manufacturing PMI 47.0 vs 47.3 prelimUK July mortgage approvals 65.35k vs 64.40k expectedUK August Nationwide house prices -0.1% vs +0.2% m/m expectedSwitzerland August manufacturing PMI 49.0 vs 46.9 expectedSNB total sight deposits w.e. 29 August CHF 472.3 bn vs CHF 469.5 bn prior
Markets:
EUR and NZD lead, JPY lags on the dayEuropean equities lightly higher; S&P 500 futures flatGold up 0.7% to $3,471.31WTI crude up 1.0% to $64.64Bitcoin up 0.3% to $108,657The mess is distracting markets a little but with it being a holiday in the US and Canada, any semblance of chaos is at least put off for another day for now.
In the equities space, European stocks started the day higher but are now feeling a bit lethargic. With Wall Street out for the long weekend, investor appetite seems to be sapped despite the tariff headlines. The focus this week will switch to the US labour market report on Friday.
As we get into September trading, the key drivers will be US data and how that will impact the Fed outlook. We will get non-farm payrolls to work with this week before switching the focus to inflation numbers next week. And then the week after, it's all on the Fed.
This article was written by Justin Low at investinglive.com.Hence then, the article about investinglive european markets wrap dollar stocks hold more tepid precious metals climb was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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