investingLive European news wrap: Risk-off returns as oil and yields extend gains

2026年9月1日最近のFX関連情報ニュース

• S&P 500 analysis (with video) shows bears are back but where is the next bounce?
• Bitcoin at crossroads after hawkish Warsh: traders waiting for 77K-80K range break
• Euro area inflation climbs above 3% in August on higher energy prices
• UK mortgage borrowing slows in July, though consumer borrowing continues to hold up
• Euro area factory growth continues to expand in August, driven by Germany - PMI data
• USD/JPY continues to test the waters at the 160 mark
• France manufacturing confirmed to pick up a little in August - PMI data
• Stock Movers to Watch Today: PCG and EIX Plunge as RBLX, CRWD, TSLA and SLB Rally. Notable earnings reporters later today.
• Italy August preliminary CPI +3.3% vs +3.3% y/y expected
• UK August final manufacturing PMI 51.7 vs 51.5 prelim
• Germany August final manufacturing PMI 54.3 vs 54.1 prelim
• Italy August manufacturing PMI 49.6 vs 51.3 expected
• Spain manufacturing falls back into contraction in August - PMI data
• Germany retail sales slump heavily in July after end of fuel discounts
• UK house prices nudge up a little in August, overall activity stays more tepid though
• FX option expiries for 1 September 10am New York cut
• ETHUSD Analysis Today: ETH Bulls Lead Above $2,477.70
• Bessent remarks show that US intervention comes at a price for Japan

We had a data-packed session today, although the market reaction to the economic releases was pretty much muted, as future rate expectations remained relatively unchanged. The highlight was the Eurozone Flash CPI report which showed headline inflation rising to 3.3%, matching estimates, but the more importat core measure easing to 2.4%, the lowest level since June. The ECB is widely expected to hike at the upcoming meeting, but the bar for further tightening will be higher.

The most notable development happened around 08:00 GMT as all asset classes started to move meaningfully. I'm not sure about the catalyst, but it coincided with WTI oil reaching a new monhly high and Treasury yields extending the gains. That also triggered a drop in equities, bitcoin, gold, and gave the US dollar a boost. The moves lasted an hour before consolidating. 

The only notable news around that time was Maritime Risk Management Organization, Marisks, reporting that two oil supertankers were struck by unknown projectiles in quick succession while transiting the Strait of Hormuz. That might have triggered a spike in oil prices, which then spreaded to other markets.

In the American session, we get the US ISM Manufacturing PMI and the US Job Openings data. The ISM is expected at 55.2 vs 55.6 prior, but the market reaction will likely be muted unless we get a significant downward surprise. The US CPI remains the most important release at the moment given the Fed's focus on inflation.

For proxy, the S&P Global PMIs showed a minor downtick in manufacturing. The agency said that growth momentum has shifted from manufacturing to services between the second and third quarters. As reduced safety stock building and supply delays dampen factory production growth, the service sector is now playing a key role in driving a sustained US expansion, underscoring a dependency on consumer spending and financial services growth.

The US Job Openings are expected at 7.313M vs 7.359M prior. The data will likely be ignored both because it's a two-month lagging indicator and because the focus is on inflation, as the labour market remains stable.

This article was written by Giuseppe Dellamotta at investinglive.com.

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