Good morning and welcome to Markets Desk, your morning read on the stories moving markets right now.
The Federal Reserve is keeping traders on edge after minutes from its July meeting revealed a divided policy committee with deepening concern over inflation, leaving a September rate hike firmly on the table. European equities opened mixed on the news, reflecting that uncertainty as investors weigh the cost of tighter policy against still-resilient earnings.
Shifting to crypto, Bitcoin and Ether surged sharply after President Trump publicly urged Congress to pass the Crypto Clarity Act, a bill designed to establish a formal regulatory framework for digital assets. Markets read the presidential endorsement as a meaningful step toward legitimacy, and the buying was swift and broad across the sector.
Meanwhile, Indian equities snapped a seven-session losing streak, with financials and technology stocks leading the recovery. The catalyst was an announcement from the U.S. Treasury that it would buy back longer-dated debt, easing pressure on global bond yields and restoring enough risk appetite to pull buyers back into emerging market equities.
That's the tape. Markets Desk, signing off the floor.
