Asian Stocks Retreat as Caution Grows Ahead of Fed and Bank of Japan Decisions Gold steadied around $2,510 per ounce on Thursday, remaining near record highs as markets digested the Fed’s dovish stance highlighted in the recent FOMC minutes. Most policymakers indicated that if economic data met expectations, easing policy in September would be appropriate. […]
Fed Minutes to Reveal Debate Over July Rate Cut; U.S. Oil Export Growth Slows Fed minutes to show depth of debate over a July rate cut While the focus is now on September for the start of Federal Reserve interest rate cuts, at least some U.S. central bankers were keen to get the debate about […]
Asian Stocks Fall as Investors Await US Economic Data and Fed Signals Market momentum hit a snag as Asian shares fell on Wednesday, interrupting the S&P 500’s rally just before it could match a 20-year winning streak. Investors are back to assessing recession risks and U.S. political dynamics, with Barack Obama re-emerging to support Kamala […]
Sterling Hits One-Month High Against Weaker Dollar as Markets Eye Jackson Hole Sterling reached a one-month high against a weakening dollar on Tuesday, remaining flat against the yen. Investors are looking ahead to business activity figures on Thursday and Bank of England Governor Andrew Bailey’s comments at the Jackson Hole meeting on Friday. Improvement in […]
Asian Stocks Rise as Fed Rate Cut Hopes Fuel Global Market Rally Asian stocks climbed, buoyed by optimism that the Federal Reserve is nearing a decision to cut interest rates. The MSCI ACWI Index marked its longest run of gains since December, with Japan, South Korea, and Australia leading the advances, while Chinese shares dipped. […]
Markets Steady as Yen Drops, Dollar Sluggish Amid Calm Trading Session Today was a much calmer session in the markets, following last week’s hectic activity. With little on the economic calendar until Thursday, market sentiment seems to have entered a lull. The Japanese yen, however, continued to see significant movement. USD/JPY dropped to 146.10 during […]
Asian Stocks Rally on Hopes of Lower US Rates, Hong Kong Tech Shares Lead Gains Global markets started the week on a cautious note after last week’s strong rally, as investors anticipate a softer landing for the U.S. economy, with growth expected to continue at a 2%-3% pace. U.S. futures showed slight gains, while Japan’s […]
US Stocks Poised for Best Week on Strong Economic Data and Fed Rate Cut Hopes US stocks are on track for their strongest week, bolstered by data showing the resilience of the American economy. Positive readings on inflation, jobless claims, and retail sales have fueled investor optimism for a “Goldilocks” scenario—moderate inflation with strong growth—as […]
US Stocks and Yields Surge as Inflation Cools and Retail Sales Exceed Expectations US benchmark equity indexes and Treasury yields surged on Thursday as investors evaluated the latest economic data and corporate earnings reports. The gains were led by consumer discretionary and technology sectors, while real estate was the only sector to decline. Utilities remained […]
US Futures and European Stocks Edge Higher on Fed Rate Cut Hopes, Cisco and Bavarian Nordic Soar US equity futures and European stocks made slight gains as traders anticipated more economic data that could support Federal Reserve interest-rate cuts. The S&P 500 is poised for a positive open after five consecutive days of gains, driven […]