MANILA, Philippines (AP) — Asian shares were mixed on Friday after Wall Street fell to a fifth straight loss, hurt by losses for Walmart and worries over coming cuts to interest rates. Traders remain cautious, looking for cues about U.S. monetary policy from a meeting of central bankers in Jackson Hole, Wyoming, where Federal Reserve…
Ahead of Federal Reserve Chair Jerome Powell’s pivotal Jackson Hole address on Friday, cryptocurrency bettors are pricing in more than an 80% chance that the central bank cuts interest rates this year. On the prediction platform Polymarket, the likelihood that the Fed loosens its monetary policy on or before Dec. 31 stood at 85% at…
By Davide Barbuscia NEW YORK (Reuters) -Investors are bracing for volatility as Federal Reserve Chair Jerome Powell walks a fine line between curbing inflation and supporting the labor market, with thin August trading poised to magnify any market moves from his Jackson Hole speech on Friday. Wall Street largely expects Powell will signal an imminent…
The Dow led US stocks lower before the bell on Thursday, with Walmart (WMT) earnings in focus before the start of the Federal Reserve’s closely watched gathering at Jackson Hole. Dow Jones Industrial Average futures (YM=F) pulled back roughly 0.4%, while those on the S&P 500 (ES=F) moved down 0.3%. Contracts on the Nasdaq 100…
The Dow led US stocks lower before the bell on Thursday, with Walmart (WMT) earnings in focus before the start of the Federal Reserve’s closely watched gathering at Jackson Hole. Dow Jones Industrial Average futures (YM=F) pulled back roughly 0.4%, while those on the S&P 500 (ES=F) moved down 0.2%. Contracts on the Nasdaq 100…
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets U.S. tech stocks seem to have found a level following two days of sharp pullbacks, but the Treasury market was unnerved by the latest Federal Reserve drama just as everyone awaits the central bank’s…
Bitcoin (BTC-USD) held firm above $113,600 (£84,424) as traders looked ahead to Federal Reserve chair Jerome Powell’s address at the Jackson Hole Economic Symposium on Friday, an event that could set the tone for markets heading into the autumn. The world’s largest cryptocurrency by market capitalisation rose around 1% on Thursday, rebounding from a two-day…
This article first appeared on GuruFocus. Aug 19 – Enterprise software stocks traded weaker on Tuesday as investors awaited clarity from Federal Reserve Chair Jerome Powell’s upcoming remarks at the Jackson Hole economic symposium. Market participants remain cautious about whether the central bank will signal rate cuts or keep policy tight. Palantir Technologies (NASDAQ:PLTR) slid…
(Refiles to correct spelling of Macron’s first name in paragraph 12) By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Many world markets took a breather on Monday as investors awaited the outcome of U.S. President Donald Trump’s extraordinary meetings with Ukraine’s Volodymyr…
Mainland Chinese stocks rose on Monday, driving a key gauge to a decade high amid increasing signs that investors have been rotating out of bonds and bank deposits into equities in hunt for better returns. The Shanghai Composite Index advanced 0.9 per cent to 3,728.03 at the close, a level not seen since August 19,…