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US job market finally shows enough cracks to embolden some of the world’s largest bond investors to bet the tightening cycle will end sooner than later.
Euro weakened as ECB's Isabel Schnabel, known for hawkish stance, cited weaker-than-expected euro zone growth.
Gold gained for a 3rd day, backed by weak economic data that might make the Fed lean towards a long-awaited pause.
German wages rose at a record annual pace of 6.6% in the second quarter, fuelling concerns that euro zone inflation will stay high due to rising labour costs.
On Tuesday, the head of the central bank stated at the meeting that interest rates will remain high for a longer period of time.
Nvidia's Q2 earnings exceeded expectations, driving a 6% after-hours stock rise. The chipmaker plays a central role in the AI computing industry.
US equity options traders anticipate significant Nvidia stock movement after quarterly earnings release, per options market data.
Jackson Hole's annual symposium by Kansas City Fed will captivate investors as global central bankers speak.
Hong Kong stocks plunged, entering bear territory after the largest weekly loss in 5 months, attributed to China's property market turmoil.
The earnings letdown in Q2 raises concerns among institutional investors about the European stock market outlook.
The Fed expressed concerns at their last meeting on ‘significant upside risks’ to inflation though some urged caution for larger impact of tightening on economy.
If one-notch downgrade from AA- to A+ is implemented, more than 70 banks would be affected including some industrial behemoths. JP Morgan and BOA could be among them.
Japan’s economy posted its third straight quarterly expansion of an annualized 6% helped by a robust export growth, handily beating market expectations of 3.1% gain.
UBS said in March the currency would be benefited from the end of interest rate hikes by the Fed. But that will hardly play out with the expectation that the RBA is also nearly finished.
