Currencies listless as markets waffle over Fed rate cut
The yen lounged around its highest levels for the year on Monday in trading thinned by a holiday in Japan, as market participants vacillated over the expected size of the Federal Reserve’s almost-certain rate cut later this week. Trading in Asia was slow, with markets in Japan, China and South Korea closed for…
Dollar drops, gold near record high as bets for big Fed cut ramp up
Investors on September 13 ratcheted up bets for a super-sized Federal Reserve interest rate cut next week, after media reports suggested the decision would be a closer call for officials than previously thought. Traders raised bets back to 39% for a 50-basis point reduction on September 18, according to LSEG data, from about…
Asian stocks rise as tech tracks Nvidia rally; Japan surges on soft inflation
Most Asian stocks rose on Thursday with technology shares tracking an overnight rally in market darling Nvidia, while Japanese markets soared as a soft reading on producer inflation undermined hawkish signals from the Bank of Japan. Regional technology stocks rallied after their U.S. peers as NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang talked up…
US stock futures inch lower with CPI data, Harris-Trump debate on tap
U.S. stock index futures fell slightly in evening deals on Tuesday as focus turned squarely towards an upcoming inflation print that is likely to factor into the outlook for interest rate cuts. Focus was also on the first debate between Vice President Kamala Harris and former President Donald Trump, who are set for…
US stock futures steady with inflation, rate cuts in focus
U.S. stock index futures were range bound in evening deals on Monday after Wall Street rebounded from last week’s losses, with focus turning to upcoming inflation data for more cues on interest rates. Wall Street was hit with its worst selldown in years last week, as technology stocks lost more ground and as…
Dollar tentative, yen dips on muddled Fed rate-cut outlook
The dollar held to tight ranges on Monday while the yen pared some of its safe-haven gains, as investors were undecided on the scale of a Federal Reserve rate cut expected later this month and looked to this week’s U.S. inflation reading for more clues. Friday’s highly anticipated U.S. jobs data failed to…
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…
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