Economic Factors - A Fed rate cut would be meaningful in boosting demand for vehicles assembled in America [1] - A tariff rollback for Canada and Mexico would be meaningful in boosting demand for vehicles assembled in America [1]

Today, Bitcoin climbs following an encouraging inflation reading. NASDAQ plans to invest $50 million in a partnership with crypto exchange Gemini. And Sylvia Fredo, general counsel of Miston Labs, weighs in on regulatory advancements for crypto in the US.Welcome to CNBC's Crypto World. I'm Talia Kaplan. Major cryptocurrencies are in the green as of midday and the S&P 500 jumped to a new record after a reading on wholesale prices unexpectedly dropped.A welcome development for investors vying for a Fed rate c ...

Bitcoin gains 0.5% as August PPI drop boosts Fed rate cut bets, trading above $114,000 ahead of key inflation data.Read more: https://t.co/c3alaaWabM ...

Group 1 - The latest Producer Price Index (PPI) data indicates a slight decline, which contrasts with persistent price pressures above the Federal Reserve's target [3][7] - Core inflation, measured by the personal consumption expenditures price index excluding food and energy, increased to 2.9% in July, while the core consumer price index rose at a 3.1% annual rate [3][5] - The PPI unexpectedly decreased by 0.1% in August, with service costs falling by 0.2%, while the annual increase was 2.6%, surpassing the Fed's long-term inflation target of 2% [7] Group 2 - Traders in interest rate futures have raised the likelihood of a 0.75 percentage point cut in the benchmark interest rate by December, with a 73% probability noted [4] - Fed officials have shown concern regarding signs of weakness in the job market and are leaning towards loosening monetary policy despite inflation being above target [5] - Import duties are expected to raise prices by 1% to 1.5% temporarily, with the impact fading by the second half of 2026 [6]

Group 1 - The market is pricing in approximately 30 basis points of easing for the upcoming Federal Open Market Committee decision on September 17, with a split between a base case of a quarter-point cut and a smaller chance of a 50 basis point cut [1] - As of September 10, the CME Group's FedWatch tool indicates a 90% probability for a 25 basis point cut, about 10% for a 50 basis point cut, and close to zero for no change, with an implied cut size of roughly 27 to 29 basis points [2] - Polymarket's prediction contract shows an 81% probability for a 25 basis point cut and a 17% probability for a 50 basis point cut, suggesting a potential easing of about 28.8 basis points [3] Group 2 - Recent labor statistics indicate that the U.S. created approximately 911,000 fewer jobs through March 2025 than previously reported, marking the largest downward adjustment since 2009 [4] - Inflation metrics show core CPI at around 3.1% year-over-year in August and core PCE at 2.9% in July, indicating uneven progress in inflation [4] - The Treasury yield curve reflects an easing path at the front end, while the long end remains influenced by term premium and fiscal dynamics [5] Group 3 - A Reuters strategist poll suggests a steeper yield curve by year-end, with the two-year yield projected at around 3.40% and the ten-year yield near 4.25%, resulting in a two-tens spread of approximately 85 basis points [6] - The nominal neutral policy rate is estimated by Cleveland Fed economists to be around 3.7%, indicating that policy would remain above neutral even after a potential quarter- to half-point cut [6] Group 4 - Upcoming economic indicators, including producer prices, consumer prices, and retail sales, are expected to influence market expectations ahead of the Fed announcement [7] - The Producer Price Index (PPI) reported a decrease of -0.1, which slightly increased CME projections for a 50 basis point cut to 10%, while Polymarket odds decreased to 16% [7][8] Group 5 - The market's default expectation is a 25 basis point cut, targeting a range of 4.00% to 4.25%, with forecasts suggesting two to three additional cuts in 2025 and a gradual easing path into 2026 as growth slows [9]

Economic Indicators - The Bureau of Labor Statistics reported a 0.1% drop in the producer price index (PPI) for August, indicating reduced pressure on producers to raise prices, which increases the likelihood of a Federal Reserve rate cut next week [1] - The core PPI, excluding food, energy, and trade, rose by 0.3% month-over-month, the fastest pace since March, bringing the year-over-year core rate to 2.8%, suggesting persistent underlying price pressures despite subdued goods inflation [4] Cryptocurrency Market Reaction - Bitcoin (BTC) gained approximately 0.5% in the hour following the release of the new U.S. economic data, trading over $114,000, which is 2.3% higher than the previous week but still 5.7% below its price 30 days ago [2] - Ethereum also saw a slight increase of 0.2%, trading at $4,382.10 after the PPI announcement [2] Market Sentiment and Predictions - Users on Myriad, a prediction market, show increased confidence that Bitcoin can remain above $105,000 throughout September, with 72% of users believing in this price stability [3] - The Crypto Fear & Greed Index has shifted from a greed reading of 70 to a neutral rating of 49, indicating a change in market sentiment [6] Federal Reserve Expectations - With the Federal Open Markets Committee (FOMC) meeting approaching, there is a strong expectation (88%) among investors for a 25 basis point rate cut, while 12% anticipate a 50 basis point cut [7] - Upcoming economic indicators such as non-farm payrolls and unemployment data are expected to significantly influence market volatility and crypto prices [7]

Benchmark Sensex rose by 323 points while Nifty closed higher for the sixth consecutive day on Wednesday following buying in IT, select financial and capital goods shares amid renewed optimism over a successful conclusion of India-US trade talks.Photograph: Francis Mascarenhas/ReutersThe 30-share BSE Sensex climbed 323.83 points or 0.40 per cent to settle at 81,425.15, registering its third straight day of gain.During the day, it jumped 542.56 points or 0.66 per cent to 81,643.88. Rising for the sixth conse ...

Core Insights - Ethereum experienced a significant decline from its all-time high of $4,953, dropping 13% to a current trading price of $4,320, influenced by consecutive selloffs and ETF outflows [1][2]. Group 1: Market Sentiment and ETF Activity - The US-based spot ETH exchange-traded funds faced a net outflow of $1.04 billion from August 29 to September 8, contributing to negative market sentiment [1]. - On September 9, there was a notable inflow of $44.2 million into spot ETH ETFs, primarily driven by BlackRock's ETHA fund, while other similar products remained neutral [2]. Group 2: Accumulation Trends - Despite the bearish sentiment, Ethereum investors continued to accumulate, with approximately 226,400 ETH (valued at around $980 million) leaving centralized exchanges in the past week [3]. - Kraken recorded the highest outflow of nearly 146,000 ETH, followed by Coinbase and Bitfinex with outflows of 105,170 ETH and 34,330 ETH, respectively [3]. Group 3: Market Dynamics and Future Outlook - Binance and Bybit saw net inflows of 34,500 ETH and 20,400 ETH during the same period, indicating a shift in investor behavior [4]. - The anticipation of a Federal Reserve rate cut may act as a bullish catalyst for Ethereum and the broader crypto market, with a critical price level to watch being the psychological barrier of $4,500 [4].

Company Mergers and Acquisitions - Anglo American and Teck Resources are merging in a $53 billion deal, creating the world's fifth-largest copper company and marking the second-largest mining M&A deal ever [1] - Investors reacted positively, with Anglo shares rising 9% and Teck shares increasing by 11% following the announcement [1] Employment and Economic Indicators - The number of new U.S. jobs created through March was revised down by almost a million, marking the largest downward revision on record [2] - U.S. employment growth revisions and upcoming inflation data are influencing market sentiment and expectations regarding Federal Reserve policy [5][7] Market Performance - Japan's Nikkei index reached a record high but closed lower, while the S&P 500 and Nasdaq achieved record closing highs [3] - UK miners saw a 2.7% rise in shares due to the Anglo/Teck merger, while other sectors experienced varied performance [3] Inflation and Federal Reserve Policy - The Federal Reserve is expected to cut interest rates next week despite inflation being around 3%, which is above the 2% target [7][8] - There is a growing sentiment that 3% inflation may be considered the new 2%, as consumer inflation expectations have risen [13][14] Global M&A Activity - Global M&A activity reached $2.6 trillion in the first seven months of the year, the highest since 2021, driven by tight spreads and favorable financial conditions [6]

Gold pared gains after reaching a fresh record on Tuesday as traders parsed a US jobs markdown while awaiting key inflation data that will shed light on the Federal Reserve’s interest-rate cut trajectory. US job growth was far less robust in the year through March than previously reported. The number of workers on payrolls will likely be revised down by a record 911,000, or 0.6%, according to the government’s preliminary benchmark revision out Tuesday. The final figures are due early next year. Most Rea ...