Israeli Troops Expel Shepherds, Damage Water Tank in Southwest Syria

Key Events This Week: Jobs, Core PCE And ISM It's very busy week ahead with US payrolls (Friday) and PCE (Wednesday) as the blockbuster releases. The US ISM (Thursday) will attract outsized attention given the spectacular beat on the S&P PMI last week that sent 10yr US yields +15.2bps higher on the day. A huge move for such a report.  Global inflation will also be in focus outside of the US August PCE report with flash September CPI releases across Europe (Tuesday/Wednesday) and Tokyo CPI (Friday) all due. In Asia,...

A new poll from The Economist/YouGov found that a majority of registered US voters support impeaching US Secretary of War Pete Hegseth, after Rep. Thomas Massie (R-KY) of Kentucky introduced a resolution to remove him. The poll, conducted from September 18 to September 21, found that 51% of registered voters surveyed support impeaching Hegseth for […]

UK Gilt Yields Spike As Burnham Win Opens Door To Oust Starmer The odds of embattled UK Prime Minister Keir Starmer being ousted by the end of July are soaring this morning... ...after Greater Manchester Mayor Andy Burnham won a decisive victory for the ruling Labour Party that delivers him a seat in Parliament and, with it, a pathway to challenge Starmer for his job. Burnham was elected in a standalone contest for the constituency of Makerfield, in northwestern England, with a convincing 54.8% of the vote. He defeated Robert Kenyon from...