ASX 200 to fall, uranium stocks break out + China’s headed for another real estate crisis

ASX 200 futures are trading 30 points lower, down -0.41% as of 8:15 am AEST. S&P 500 SESSION CHART

S&P 500 slips in a uneventful Friday trading (Source: TradingView) MARKETS

S&P 500 -0.11%, Nasdaq -0.68%, Dow +0.30%, Russell 2000 +0.13%

S&P edges lower in a relatively uneventful session, marking a 0.3% weekly decline Treasury yields higher – The US 10-year hits 4.16%, close to a 9-month high WTI crude rallied for a seventh consecutive week, up 0.5% Bullish focus points for the week : Disinflation traction (US core inflation was up 0.16% month-on-month in July), dovish Fed commentary, no signs of a meaningful credit crunch, positioning indicators beginning to moderate Bearish focus points for the week : Moody’s cut credit ratings on ten US small-to-midsize banks, weaker guidance from UPS, negative operating leverage risk for corporate earnings, energy price rally a dent in disinflation narrative, hedge funds […]

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