Inflation (PCE) Hinders Stock Markets - US Dollar Gains Strength - DAX Hovers Around 24,000 Points Mark - Defense Stocks Rise due to Talks in Toulon - BYD Increases Profit in First Half of the Year - Iris Energy Reports Record Year Thanks to AI Cloud and Bitcoin Mining - Ambarella Grows Due to AI Demand - Affirm Surprises with Strong Quarter

Fed dilemma: stubborn inflation (PCE) hinders stock markets despite September rate cut expectations The US stock markets are experiencing losses while bond yields are rising – a clear signal that the persistent inflation pressures are causing headaches for the Federal Reserve in future interest rate decisions. The S&P 500 slides from its record high, led by losses in the technology sector, while the yield on ten-year US Treasury bonds climbs three basis points to 4.23%. US dollar strengthens At the same time, the dollar is gaining...