Crypto
European Markets Tense Ahead of Clarity Act Vote and FOMC Decision
The European markets saw significant moves ahead of the Clarity Act vote and FOMC decision. The ZEW survey showed German investor morale rose in September, but at a slower pace than expected. This could indicate waning momentum amid ECB rate hikes and surging oil prices.
Bitcoin traded at a major support level ahead of the US CPI report, while gold fell back into its key $4300 support due to rising rate hike bets.
The UK labour market showed further signs of cooling, with payrolls falling again and wage growth slowing. This reinforced the picture of gradually weakening labour conditions, but did not significantly change the BoE's inflation-focused stance.