Stock investors are preparing for a turbulent year-end sparked by uncertainty over near-term Federal Reserve interest rate cuts and mounting worries that artificial intelligence companies, which have propelled the market to new records this year, are overvalued. The market continued to slide this past week, despite equity indexes rebounding sharply on Friday. As of Friday’s … Read more
US equity-index futures edged lower and Asian markets opened on a subdued note after a lackluster Wall Street session, as investors stayed cautious with limited economic data clouding the outlook for Federal Reserve policy. Contracts for the S&P 500 and the Nasdaq 100 index retreated 0.2%, after the underlying gauges were largely unchanged Wednesday. However, … Read more
NEW YORK, Nov 3 – The S&P 500 and the Nasdaq closed higher on Monday, with artificial intelligence-related deals driving much of the gains even as the Federal Reserve’s near-term monetary policy grew increasingly foggy due to scarcity of official U.S. economic data. Tech and tech-related firms helped boost the Nasdaq to the biggest gain, … Read more
Gold prices climbed to a record high on Monday, driven by safe-haven demand on fresh U.S.-China trade concerns, while broader economic and political uncertainties and expectations of further U.S. interest rate cuts also lent support. FUNDAMENTALS * Spot gold was up 0.6% at $4,043.14 per ounce, as of 0059 GMT, after hitting an all-time high … Read more
The dollar hovered near its weakest level in close to a week on Wednesday with traders expecting two more U.S. interest rate cuts this year, even after Federal Reserve Chair Jerome Powell struck a cautious tone on further easing. The dollar index, which measures the U.S. currency against six major rivals, languished 97.230 as of … Read more
WASHINGTON – Federal Reserve Chair Jerome Powell on Tuesday signaled a cautious approach to future interest rate cuts, in sharp contrast with other Fed officials who have called for a more urgent approach. In remarks in Providence, Rhode Island, Powell noted that there are risks to both of the Fed’s goals of seeking maximum employment … Read more
SYDNEY: Stocks got off to a quiet start in Asia on Monday ahead of an action-packed week that is seemingly certain to see the U.S. Federal Reserve resume its easing cycle, and perhaps leave the door wide open to a series of cuts. The Bank of Canada is also expected to cut rates by a … Read more
Asian equities were mixed Thursday after a rally on Wall Street drove stocks and bonds higher, as a drop in producer prices supported bets the Federal Reserve will resume cutting interest rates next week. Shares in Australia fell while those in Japan swung between gains and losses in early trading. US futures edged higher after … Read more
NEW YORK, Sept 5 – U.S. stocks ended slightly lower on Friday as investors weighed economic worries against optimism over interest rate cuts by the Federal Reserve after data showed U.S. job growth weakened sharply in August. Bank shares were among those taking the biggest hit, with the S&P 500 bank index ending 2.4% lower. … Read more
Jackson Hole, Wyoming: Jerome Powell, the chair of the Federal Reserve, on Friday used a closely watched speech to send his strongest signal yet that the central bank is preparing to soon restart interest rate cuts, highlighting the labour market‘s vulnerabilities even as inflation accelerates. Powell held back from explicitly endorsing a reduction in borrowing … Read more