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Sector Update: Financial

Sector Update: Financial

MT newswireMT newswire2026/09/04 19:23
03:23 PM EDT, 09/04/2026 (MT Newswires) -- Financial stocks were lower in late Friday afternoon trading, with the NYSE Financial Index decreasing 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) off 0.8%. The Philadelphia Housing Index rose 0.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) shed 0.6%. Bitcoin (BTC-USD) was falling 1.8% to $79,763, and the yield for 10-year US Treasuries rose 2.2 basis points to 4.784%. In corporate news, Blue Owl Capital (OWL) is planning to create a real estate investment trust for data centers and seek a public listing, Bloomberg reported. The REIT would be seeded with $6.5 billion of Blue Owl's existing data-center assets and then raise money through an IPO and additional share sales to expand the portfolio, the report said. Blue Owl shares were down 1.1%.
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The data center construction boom may increase inflationary pressure, and the Reserve Bank of Australia may be forced to maintain high interest rates.

The data center construction boom in Australia may lead to demand exceeding the supply capacity of the economy, which could push up inflation and force the Reserve Bank of Australia to maintain higher interest rates.

智通财经2026/09/07 04:01
The data center construction boom may increase inflationary pressure, and the Reserve Bank of Australia may be forced to maintain high interest rates.