Eurozone construction output rises 1.4% year-on-year
Eurostat’s first estimate showed output up 1.4% year-on-year, reversing July’s revised 1.7% decline. Month-on-month output rose 1.8%.
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U.S. Treasury yields hover near multiyear highs
U.S. Treasury yields are hovering near multiyear highs as investors watch Federal Reserve commentary and a 30-year bond auction. The 10-year yield traded as high as 5.353%, while the 30-year yield was around 5.696%.
Bitcoin falls 1.2% as portfolio debate grows
Bitcoin fell 1.2% to $82,422 as a market note said the asset is increasingly competing with other asset classes for long-term portfolio allocation. The note said the decline should be viewed in the context of bitcoin’s broader mainstreaming, while still remaining sensitive to macro conditions and investor sentiment.
Euro falls on France fiscal concerns
Commerzbank's Antje Praefcke says the euro is unlikely to rebound soon because of concern over France's public finances. The euro fell 0.7% to $1.1181 after touching a 16-month low of $1.1160 on Monday.