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Oil prices continued to rise on Monday, driven by concerns that the Gaza conflict could escalate and disrupt regional oil supplies, while the prospect of imminent U.S. interest rate cuts also supported a more optimistic global economic outlook, boosting fuel demand. By 2300 GMT, Brent crude futures increased by 37 cents, or 0.5%, to $79.39 […]
Oil climbs on Mideast escalation fears, US rate cut expectations Read More »
U.S. #stock index futures declined in Sunday evening trading, cooling off after a rally on #Wall #Street as remarks from #Federal Reserve officials solidified expectations for a September interest rate cut. However, caution set in ahead of a crucial week, with #significant focus on earnings from #NVIDIA Corporation (NASDAQ), set to be released after the
US stock futures edge lower with Nvidia earnings, rate cuts in focus Read More »
The yen climbed to a three-week high against the dollar on Monday, as Federal Reserve Chair Jerome Powell’s decisive dovish shift stood in stark contrast to the persistently hawkish stance of Bank of Japan (BOJ) Governor Kazuo Ueda. The U.S. dollar remained near its lowest point in 13 months against the euro and continued to
Dollar sinks vs yen, hovers near 2-1/2-year low to sterling after Fed’s dovish shift Read More »
Oil prices climbed in Asian trading on Monday, continuing their recovery from the previous session as reports indicated no progress towards a ceasefire between Israel and Hamas, while hostilities in the region persisted. The oil market was also supported by optimism surrounding potential U.S. interest rate cuts. Comments from Federal Reserve Chair Jerome Powell solidified
Oil prices rise with no Gaza ceasefire in sight Read More »
Asian stocks showed mixed performance on Monday, with some support coming from expectations of lower U.S. interest rates, though Japanese markets fell under pressure due to a strengthening yen and increasing bets on rate hikes by the Bank of Japan. Regional markets received a positive boost from Wall Street, where the S&P 500 and the
Asian stocks edge higher on some rate cut cheer, yen strength weighs Read More »
As markets eagerly await Nvidia’s (NASDAQ) upcoming earnings report, Barclays analysts caution that it could act as a “reality check” for the broader market, particularly within the tech sector. In a research note to clients, Barclays underscores the critical role Nvidia’s earnings—set to be released next week—will play in sustaining the momentum of the AI
Nvidia earnings seen as more important than Powell’s Jackson Hole speech: Barclays Read More »
U.S. stock index futures rose on Friday, recovering from the previous session’s losses, as attention shifted to Federal Reserve Chair Jerome Powell’s upcoming speech for further insights into the central bank’s interest rate policy. As of 06:15 ET (10:15 GMT), Dow Jones Futures climbed by 145 points, or 0.4%, S&P 500 Futures increased by 30
US stock futures rise ahead of Powell speech at Jackson Hole Read More »
Oil prices declined further in Asian trading on Thursday, continuing a recent downward trend as weak U.S. labor data heightened fears of an economic slowdown, overshadowing optimism about potential interest rate cuts. Ongoing uncertainty over a possible Israel-Hamas ceasefire provided little support for crude prices, with negotiations showing no clear progress toward a resolution. Even
Morgan Stanley has reaffirmed its bullish stance on Japanese and Indian stock markets while further lowering its expectations for China, citing a lack of significant growth improvements in Asia’s largest economy. The firm expressed a preference for Japanese markets over other emerging markets in Asia. Despite slightly reducing its year-end targets for Japanese indices, Morgan
Morgan Stanley remains overweight on Japan and India, cuts China outlook further Read More »
European and Global Markets Outlook by Tom Westbrook As we look ahead in European and global markets, the prospect of a global easing cycle is becoming increasingly likely, with the majority of Federal Reserve policymakers leaning toward interest rate cuts. The anticipated reduction in U.S. rates provides smaller economies with the flexibility to adjust
Morning Bid: It’s beginning to look a lot like rate cuts Read More »