Kostiantyn

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 …

USDCHF weakened to around the 0.8500 level amid concerns about US economic growth, following a disappointing jobs report. This has led to speculation, that the Fed may need to cut rates three times this year instead of two. Moreover, concerns about an economic slowdown have prompted investors to adopt asset …

• Stocks rebound after leading economists come out in force to confirm no recession is approaching.
• The NASDAQ rises 2.87% and the Dow Jones 1.77%. The SNP500 witnesses its best day since November 2022.
• A sense of relief after the Weekly Unemployment Claims was 8,000 lower than expectations.
• The British Pound