Big reports day, political news from the US, Ethereum ETF approval on NYSE, corporate reviews
Fundamental Reviews
• Markets took Joe Biden's withdrawal from the US presidential race in stride, turning their focus from policy to earnings and interest rates.
• In the US, the rate cut in September is practically locked into prices, while in Europe a 25 basis point cut is expected in October.
• Eurozone consumer confidence and US existing home sales data due on Tuesday are unlikely to change this outlook.
• Speaker of the US House of Representatives Johnson called on Biden to resign after refusing to participate in the election. Kamala Harris has announced that she will run for...