Aktualności

This year’s Jackson Hole central banker symposium provided the opportunity for Fed Chair Powell to set the policy course for the FOMC, looking to join the other core central banks already in rate cutting mode. The markets got a big boost after he confirmed the FOMC will begin lowering rates …

Asia & European Sessions:

• European stocks were poised for modest gains as investors awaited Nvidia Corp.’s earnings report for insights into the growth trajectory of AI-related stocks. Euro Stoxx 50 futures increased by 0.1%, suggesting a muted opening for European shares, while US stock futures remained steady during Asian trading.

FOMC minutes showed that the Fed was on the verge of cutting rates at the July 31 meeting, and the report sets up a reduction in rates with the September 18 decision. Expectations were further reinforced by the BLS’s downward revisions to Nonfarm payrolls.

• Treasury yields tumbled on the payroll

Nvidia Corp., an American multinational technology behemoth with market cap over $3.1T (the second most valuable company in the world) which specializes in the design and manufacture of computer graphics processors, chipsets and related multimedia software, shall release its earnings report for the fiscal quarter ending July 2024, on …

Markets corrected again amid the back and forth on the Fed outlook and uncertainties over soft and hard landings that have besieged the outlooks since the jobs report. Global stocks have largely recovered from last week’s downturn, which had traders worried that the Fed might not cut rates quickly enough …