Asian stocks were mixed as traders awaited the Federal Reserve's summer conference for indications on inflation control and interest rate hikes, with investors warned of potential surprises.
Summary: U.S. markets closed mixed on Tuesday as the Nasdaq saw slight gains thanks to tech stocks while financials dragged on other indexes after major U.S. banks were hit with another downgrade from a credit rating agency. Meanwhile, China took steps to stabilize its currency amid weakening economic conditions and deteriorating credit conditions.
European shares edge higher and the dollar remains strong as investors await remarks from the heads of the Federal Reserve and European Central Bank at a conference in Jackson Hole.
European shares traded higher as traders considered the possibility of higher interest rates from the U.S. Federal Reserve and awaited upcoming economic data, while U.S. stocks opened higher and Asian stocks rallied due to a stock market policy change in China.
US stocks traded mixed on Thursday as fresh data indicated a tight labor market, with weekly jobless claims unexpectedly falling and second-quarter unit labor costs being revised up, potentially increasing pressure on the Federal Reserve to keep rates higher for longer.
Asian currencies saw mixed movements against the US dollar, with the Japanese yen and Singapore dollar strengthening, while the Taiwanese dollar and Indonesian rupiah weakened.
European stock markets traded mixed as investors analyzed UK jobs and Spanish inflation data ahead of the upcoming European Central Bank meeting, while oil prices rose amid anticipation of the monthly OPEC report and Chinese demand forecasts.
Wall Street stocks traded mixed as investors awaited Wednesday's key inflation data, with the Nasdaq Composite retreating amid a tumble in Oracle shares, while the Dow Jones Industrial Average turned higher and tech stocks took center stage with Apple's iPhone 15 launch and anticipation for the blockbuster Arm IPO.
Stocks finished mixed on Wednesday as investors awaited consumer inflation data that could impact the Federal Reserve's future policy decisions. The Dow Jones fell 0.2%, the S&P 500 increased 0.1%, and the Nasdaq Composite climbed 0.3% after a previous decline. The Consumer Price Index showed a higher-than-expected increase in inflation, driven by rising energy prices, which could influence the Fed's decision on interest rates. The market also had its eyes on the Arm IPO and developments involving Apple and China. Meanwhile, the EU launched an investigation into China's subsidies for EV makers.
European markets are expected to have a mixed open as investors await the European Central Bank's rate decision, while US inflation data leads to slightly lower stock market closures.
European markets are set for a mixed open as investors weigh inflation, interest rates, and global economic health, while Asian markets and US stock futures experienced mixed results.
Stock markets end mixed as investors oscillate between bargain hunting and concerns over increased Treasury yields and interest rate uncertainties, with Asia markets seeing declines driven by worries about U.S. monetary tightening and selling off stocks, while European stocks decline for the sixth day and investors await Germany's inflation data.
Financial markets trade mixed as investors monitor the Israel-Hamas conflict and pay attention to speeches from central bankers, while the US Dollar posts small recovery gains and US stock index futures remain unchanged; meanwhile, the heat map shows percentage changes of major currencies against each other and Wall Street's main indexes closed in positive territory despite escalating geopolitical tensions.
Stocks were mixed on Monday as investors grappled with rising Treasury yields and uncertainties in the market, while awaiting earnings reports from Big Tech companies.
Asian stocks were mixed as U.S. shares slumped due to poor corporate earnings, with Australian, South Korean, and Japanese shares falling while equity futures in China and Hong Kong rose; Indian benchmark stock indices declined and uncertainty from the Israel-Hamas conflict weighed on markets.
