US futures edge higher as focus shifts to job market
US equity futures opened modestly higher with the S&P 500 futures rising 0.1%, while Nasdaq 100 futures climbed 0.3%. The Dow Jones Industrial Average remained relatively unchanged, as did the U.S. Dollar Index. Meanwhile, the 10-Year Treasury yield stood at 3.903% at 18:05 EST (22:05 GMT). Focus shifts to labor market Investors are…
Dollar edges to two-week high vs euro as US payroll data looms
The dollar climbed to a two-week top against the euro on Monday as traders pared bets for aggressive policy easing by the Federal Reserve with the focus now moving to a crucial U.S. jobs report at the end of this week. The dollar advanced to its strongest since Aug. 21 on the yen,…
US futures tick lower as Nvidia earnings loom
U.S. stock index futures fell in evening deals on Tuesday, with heavyweight technology stocks remaining fragile in anticipation of earnings from Nvidia- which are set to shed more light on the AI trade. A rotation out of tech picked up this week amid growing conviction that the Federal Reserve will cut interest rates…
Asian stocks edge lower, China hit by Canada EV tariffs
Most Asian stocks fell on Tuesday, with sentiment towards Chinese markets worsening after Canada joined the U.S. and Europe in imposing steep import tariffs on the country’s electric vehicle sector. Broader markets were also held back by speculation over U.S. interest rates, while caution kicked in before a closely-watched earnings report from NVIDIA…
Dollar sinks vs yen, hovers near 2-1/2-year low to sterling after Fed’s dovish shift
The yen rose to a three-week high against the dollar on Monday as Federal Reserve Chair Jerome Powell’s emphatic dovish shift contrasted sharply with Bank of Japan chief Kazuo Ueda’s steadfastly hawkish tone. The U.S. currency hovered near its lowest in 13 months against the euro. It also sagged closer to levels last…
US stock futures steady as rate cut cheer grows
U.S. stock index futures rose slightly in evening deals on Wednesday, extending gains from Wall Street as the minutes of the Federal Reserve’s recent meeting fueled growing conviction that the central bank will cut rates. More signs of a cooling labor market also factored into expectations for rate cuts, with the Fed now…
Australia’s central bank faces crunch time in resistance to rate cuts
Australia’s central bank is set to come under intense pressure to ease policy in coming weeks as government giveaways to alleviate the cost of living pull consumer prices sharply lower, even as core inflation stays stubbornly sticky. Data for July next week will likely show headline inflation diving back into the Reserve Bank…
China keeps loan prime rate unchanged after surprise cut in July
The People’s Bank of China kept its benchmark loan prime rate unchanged on Tuesday after a surprise cut in July, with Beijijng maintaining ultra-loose monetary policies to help support economic growth. The PBOC kept its one-year loan prime rate at 3.35%, as expected, while the five-year LPR, which is used to determine mortgage…
Dollar in holding pattern ahead of FOMC minutes, Powell comments
The U.S. dollar was struggling to make headway against its peers on Monday, though it traded in a tight range as investors awaited fresh catalysts this week that could offer clues on the outlook for U.S. interest rates. Minutes of the Federal Reserve’s July policy meeting and a speech from Chair Jerome Powell…
Japan July inflation likely picked up, boosting case for more BOJ rate hikes: Reuters poll
Japan’s consumer inflation rate likely picked up in July for a third consecutive month, a Reuters poll of 18 economists showed, keeping the central bank on course to consider another rate hike after lifting short-term rates to 0.25% last month. Other data next week is forecast to show that export growth accelerated in…
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