Stellar 3Y Auction Blows Away Expectations With Huge Stop-Through, Near Record Foreign Demand

Oil Gains on Israeli Strike in Qatar | The attack escalated a nearly two-year long conflict in the Middle East

Source: Bloomberg

Source: reuters

The European Union is working with the U.S. as it prepares to announce its latest round of sanctions on Russia, sources told CNBC.

Despite diplomatic efforts over the summer, Russia's more than three-year-long war in Ukraine is not showing any signs of coming to an end. In fact, Moscow has recently stepped up its offensive and on Sunday launched its biggest air attack on Ukraine, hitting a key government building.

European officials are now working on their 19th package of sanctions against Moscow, with one EU official, who did not want to be named as the measures are not yet finalized, telling CNBC these will be presented at the "end of the week [or] early next week." The package will then have to be formally approved by the 27 members of the EU.

The European Commission and member states started informal discussions about the measures over the weekend, and a delegation of EU officials also traveled to Washington D.C. to coordinate energy-related measures with the Trump administration.

"It is clear that energy dependency on Russia will be targeted more vehemently," a second EU official, who did not want to be named due to the sensitivity of the topic, told CNBC. "The Commission will work with the U.S. on this, especially on the Druzhba pipeline," they said, referring to the transit pipeline that delivers Russian oil to Hungary and Slovakia, two EU member states with close links to the Kremlin.

U.S. involvement

One key consideration for Europe is potential sanctions on countries that buy Russian energy, including China.

"This is the big question," the first EU official said, adding that for the moment it is unclear whether the bloc will move in this direction.

The European Union has previously sanctioned some Chinese banks for enabling the circumvention of measures imposed on Russia.

The FT reported Monday that European officials are considering secondary sanctions against China, a major buyer of Russian oil and gas.

The U.S., meanwhile, recently imposed tariffs on India for buying energy from Moscow.

The first EU official said the U.S. is, for now, "focused on pushing us to phase out Russian oil and gas faster than the current deadline." The bloc is currently aiming to end its purchases of Russian oil by 2028.

As part of a recent trade agreement between the EU and the United States, the 27-member state bloc agreed to purchase $750 billion of American energy.

The EU's latest package of sanctions against Moscow is also expected to see more Russian vessels listed as part of its "shadow fleet," and to limit the movement of Russian diplomats and tourists.

Source: CNBC

Now that French Prime Minister Francois Bayrou has officially resigned after losing a no-confidence vote a day earlier, all eyes are on the person who could succeed him. Macron said he would tap a new premier in the coming days.

We have a list of the leading contenders, which includes the 39-year old current defense minister Sebastien Lecornu. Socialist party leader Olivier Faure, former prime minister Bernard Cazeneuve and even central bank governor Francois Villeroy de Galhau are also among the potential successors.

The problem will be finding someone who can find common ground in the polarized National Assembly — and who has the wherewithal to undertake deeply unpopular budget cuts to avert a debt crisis. Investors are unnerved, with France’s borrowing costs converging with Italy’s for the first time in the euro zone’s history.

Marine Le Pen’s far-right National Rally has been among opposition parties calling for a new legislative ballot, something that Macron appears to have ruled out. “For us, it’s a snap election or nothing,” as National Rally President Jordan Bardella summed it up on RTL radio.

Some have also called for Macron’s resignation, but he has steadfastly rejected quitting before the end of his term in 2027. After the downfall of the fourth prime minister in two years though, it’s hard not to see this as the swan song for the Macron era.

Israel conducted a military strike against senior Hamas leaders in the Qatari capital of Doha, escalating an already tense standoff between the country and Arab nations over the war in Gaza. Several blasts were heard in the Qatari city. Qatar is a key mediator between Israel and the Palestinian group that’s designated as a terrorist organization by the US and European Union.

Israel also ordered Gaza City’s one million residents to leave in advance of a major military offensive, with top officials vowing devastation unless Iran-backed Hamas surrenders. Global outrage has grown since Israel announced last month that it would take over the city, home to half the enclave’s population, with longtime European allies threatening to cut trade ties and planning to back Palestinian statehood at the United Nations in two weeks.

France and Germany are urging the European Union to target major Russian oil companies such as Lukoil or Litasco as part of the bloc’s next package of sanctions, according to a document seen by Bloomberg. The EU is currently discussing the content of its 19th package of sanctions, which includes proposed measures to target Russian banks and the country’s energy trade.

Norwegian Prime Minister Jonas Gahr Store is starting talks to form a new Labor government after his center-left bloc won a slim majority in the national legislature. Store — who stemmed 16 years of consecutive decline in Labor support — said he would seek agreements with left-leaning parties, but also broader cooperation across the political spectrum on topics like support for Ukraine and defense.

Egypt is lifting a decades-old rental cap that had allowed millions to pay below-market prices. Rents on affected properties stand to soar as much as 20 times in upscale areas while for lower-income areas the increase would be 10-fold. Contracts on previously rent-controlled housing will be nullified after a seven-year grace period. The government has vowed to build low-income housing to help with the transition.

Banca Monte dei Paschi di Siena has secured a majority stake in Mediobanca, cementing a once-unthinkable €16 billion takeover that’s set to reshape Italian finance. The deal is set to create Italy’s third-largest lender by assets, in line with Italian Prime Minister Giorgia Meloni’s push to establish a new large bank that can rival Intesa Sanpaolo and UniCredit.

Ethiopia inaugurated Africa’s biggest hydroelectric dam, which will power homes and industries across East Africa while deepening a years-long dispute with Egypt and Sudan over the Nile’s flow. Africa’s second-most populous nation expects the dam to address chronic energy shortages and to sustain its manufacturing sector.

Source: Bloomberg Europe

As of September 8, 2025, Bitcoin (BTC) trades near $110K after weaker U.S. jobs data dragged Treasury yields and the dollar lower factors that usually support crypto markets. Yet analyst Plan C warns that a Q4 halving isn’t automatic; historical trends show mixed outcomes, so seasonality alone is not a reliable signal.

In this bitcoin price prediction, confirmation remains the focus: defend $110K–$112K and then reclaim $117K–$118K with volume, and the door to higher moves opens; lose that floor and the setup leans toward chop or deeper retracement. In that case, many traders look to rotate into altcoins offering better upside, with fresh breakout patterns and cleaner risk–reward.

The big question is: will the next big leg come from BTC dominance, or is rotation into alternatives the smarter play right now?

Bitcoin News: Jobs Data Fuels Fed Cut Bets

The macro environment for bitcoin just brightened: the latest U.S. jobs report showed slower hiring, a rising unemployment rate, and negative revisions. This sent Treasury yields lower, pushed the dollar index down about 0.70%, and lifted expectations for a September Federal Reserve rate cut.

Easier policy usually helps BTC by weakening the dollar and reducing funding costs, which cuts downside risk even if Q4 enthusiasm fades. As one strategist noted, “labor-market weakness gives the Fed room to cut.” A dovish Fed can stabilize Bitcoin, but traders still want confirmation on the chart before leaning bullish.

Sources: U.S. BLS Employment Situation, Aug 2025, Reuters Instant View, Reuters Dollar Reaction, Reuters Fed Cut Expectations.

Sources: BLS Employment Situation — Aug 2025, Reuters: Instant View, Reuters: Dollar falls sharply after jobs data, Reuters: Investors look for more aggressive US rate cuts.

Bitcoin Price Prediction Levels

BTC is currently consolidating inside a $110K–$112K support band after its sharp retrace, with repeated wicks suggesting dip-buying even while momentum stays muted.

Source: Coinmarketcap

If buyers protect this range and a strong daily close holds inside or above the zone, or if BTC clears $117K–$118K on convincing volume, then $117K–$118K becomes the first upside target with scope for higher gains if momentum builds further.

Source: TradingView

But if the range fails on a decisive close, the door opens to $108K–$106K, with potential liquidity grabs into $103K–$101K. In short, this zone remains critical: it offers a tactical entry for medium-term bulls, but confirmation beats trying to catch a falling knife.

Why Rotate Now, And Is Pepeto Presale the Best Bet?

With the bitcoin price still stuck near $110K and no clear breakout yet, an altcoin rotation strategy can improve risk–reward. The idea: move part of a position from sideways BTC into coins showing stronger setups, visible catalysts (launches, protocol upgrades, adoption), and breakout potential, while still anchoring with Bitcoin. One candidate drawing attention right now is Pepeto, does it fit the criteria?

Pepeto (PEPETO) is positioned as a promising rotation choice. Its token powers PepetoSwap, a zero-fee exchange with no listing charges, designed to make token launches and trading cheaper while routing incentives through PEPETO. Alongside, it supports a cross-chain bridge enabling users to move assets and liquidity across networks within the app, broadening reach and deepening order flow.

Staking currently offers around 231% APY, attracting early adopters and helping to lock liquidity so markets remain stable post-listing. Momentum is strong: the presale has raised more than $6.6M already, with only a small allocation left, priced at $0.000000152 at the current stage and set to climb as each round fills.

Source: CryptoSlate

Two weeks ago, before both Bloomberg and Reuters, we told our subscribers to "brace for another huge negative payrolls revision"...

... and just like one year ago when we did exactly the same, we were spot on: moments ago the BLS reported that as part of its preliminary annual benchmark revisions, a record 911K payrolls for the period April 2024-March 2025 would be revised away.

Some more from the full press release:

The preliminary estimate of the Current Employment Statistics (CES) national benchmark revision to total nonfarm employment for March 2025 is -911,000 (-0.6 percent), the U.S. Bureau of Labor Statistics reported today. The annual benchmark revisions over the last 10 years have an absolute average of 0.2 percent of total nonfarm employment. In accordance with usual practice, the final benchmark revision will be issued in February 2026 with the publication of the January 2026 Employment Situation news release.

Each year, CES employment estimates are benchmarked to comprehensive counts of employment from the Quarterly Census of Employment and Wages (QCEW). These counts are derived primarily from state unemployment insurance (UI) tax records that nearly all employers are required to file with state workforce agencies.

What is more remarkable about today's print is that after last year's stunning 818K negative revision, which was the second biggest since the global financial crisis (and which we also warned ahead of time was coming), virtually nobody expected this year's number to be higher. It was not only higher, but it was the biggest negative revision on record!

No wonder the WSJ now reports that "White House Prepares Report Critical of Statistics Agency" in what is a clear effort at kitchen-sinking all the ugly, fake jobs numbers that were "created" by the Biden admin, and saddled Trump with relentless negative revisions. Expect 1-2 more months of painful job prints, and then another powerful rally higher into the 2026 midterms under a new BLS commissioner as all of Biden's fake baggage is expunged.

So what does it all mean? Couple things and we will follow up with a more extended analysis but here is the punchline:

• Trump was absolutely correct to fire the BLS commissioner one month ago: one year of major negative revisions is happenstance; twice is coincidence; three times is enemy action... and in her case, it was just unexcusable incompetence as the most important economic data point the market uses was dead wrong.
• There was virtually no domestic job creation in the last year of the Biden admin when one excludes the hundreds of thousands of illegal aliens who entered the work force.
• The Fed should have started cutting rates in February, and would have started cutting rates in February if it knew the true sad state of the US labor market.

Just as remarkable: 2 million jobs from the last 3 years of the Biden admin have now been revised away.

One thing that will never be revised away, however, is the trillions in debt accumulated over his period, and which we now learn encumbered future generations of Americans with massive amounts of debt only to create far fewer jobs than initially reported.

Source: Zero Hedge