Stocks rebounded on Monday, with the Nasdaq Composite leading the way, breaking its four-day losing streak and pushing Wall Street into positive territory, while bond yields continued to rise.
Latin American currencies are under pressure from a strong dollar as traders await remarks from Federal Reserve Chair Jerome Powell on U.S. interest rates, while the Chilean peso reaches a three-week high; meanwhile, Argentina stocks are seen as a "safeguard of value" amid economic turmoil, but the country faces opposition to joining the BRICS bloc.
U.S. stocks rebounded as Federal Reserve Chair Jerome Powell kept options open for more interest rate hikes, with the Nasdaq leading the gains and finishing the week up 2.2%.
Emerging markets were shaken by investor concerns over the US economy and the strengthening dollar, causing an equity rally led by China's stimulus plans to be short-lived.
The U.S. dollar rebounded from previous losses as investors awaited labor market data for clues on the Federal Reserve's policy path.
China's stock market rebound may be temporary as corporate earnings continue to decline and companies revise down their outlooks, causing concern for foreign funds and prompting Bank of America to urge caution.
Most Latin American currencies fell as the dollar strengthened on robust U.S. economic data, with the Mexican peso leading the declines, while Chile's peso gained after the central bank cut its benchmark interest rate and lowered its economic growth forecast for 2023.
Emerging market currencies are expected to struggle to recover from their losses this year due to high U.S. Treasury yields, safe-haven demand, and a slowing Chinese economy, keeping the dollar strong, according to a Reuters poll of FX analysts.
Financial markets are preparing for a rebound in U.S. inflation in August, driven by higher energy prices, which could disrupt expectations of easy inflation control by the Federal Reserve.
The resilient growth of the US economy is fueling a rebound in the dollar and causing bearish investors to rethink their positions, although the currency's rally may face challenges from upcoming data and the Federal Reserve's meeting this month.
The US dollar has made an unexpected comeback, with its rebound causing ripples in global markets and impacting investors, officials, and companies.
Latin American currencies pared gains against the dollar as the U.S. Federal Reserve signaled tighter monetary policy, while Brazilian stocks rose ahead of a rate cut by the central bank.
The US stock markets broke a four-day losing streak with gains in energy and materials sectors, while the Asian markets saw losses with technology stocks declining and concerns about China's property market stability. European markets opened in the red, awaiting economic data and earnings reports. Crude oil and natural gas prices decreased, while gold, silver, and copper prices fell. US futures and the US dollar index were down.
Most Latin American currencies weakened as the likelihood of tighter U.S. monetary policy reduced appetite for riskier assets, causing the Brazilian real to drop below 5 per dollar for the first time in over a month.
Global stocks rebounded after a nine-day losing streak, supported by a drop in oil prices and a retreat in US Treasury yields, while the dollar eased from a 10-month high.
Latin American currencies are facing downward pressure due to concerns about U.S. interest rates and weak copper prices, with the Brazilian real hitting a four-month low after disappointing industrial output data.
Asian markets are expected to rebound following a relief bounce around the world on Wednesday, with currency traders keeping an eye on inflation reports from across the continent.
The dollar weakened and global equities dipped as investors grappled with U.S. unemployment data suggesting a tight labor market and the Federal Reserve's commitment to higher interest rates, while European stocks rebounded from losses.
The stock market rebounded despite a strong jobs report and higher Treasury yields.
US markets rebounded and closed in the green despite initial concerns over the Israeli-Gaza conflict, with defense-related companies and oil producers seeing gains.
Indian stock markets rebounded, recouping losses from the previous day, as hopes of the Israel-Hamas conflict remaining localized and a positive global market sentiment led to a rise in crude prices and boosted investor sentiment, with the Nifty and Sensex posting significant gains.
Stock markets have rebounded in the last two days following the Israel-Hamas conflict, as investors expect the skirmish to remain contained within the region and not impact crude prices.
Stocks rebounded, with the Nasdaq climbing 0.7% and the S&P 500 gaining 0.4%, as bond yields retreated and markets digested wholesale inflation data, while gold prices rose and investors sought safe-haven investments amid the conflict in Israel and Gaza.
European stock markets rebounded at the opening of trading as oil prices decreased after a surge due to concerns of escalating conflict in the Middle East.
EUR/USD rebounds after recent weakness, but geopolitical tensions in the Middle East continue to pose a risk for riskier currencies.
Stock market indexes rebounded after comments from Fed Chair Jerome Powell suggested the central bank may continue to pause interest rate hikes, leading to a decline in Treasury yields.
Most Latin American stocks recover from early losses, while Argentine assets decline following a surprise election outcome sparking political uncertainties, with Argentina's sovereign dollar-denominated bonds tumbling after Sergio Massa emerged as the frontrunner in Sunday's election.
Latin American currencies were mostly stable as investors evaluated corporate earnings in Mexico and awaited Chile's interest rate decision, while Brazil's real slipped after data showed a continued downward trend in domestic inflation.
