S&P and Nasdaq turn more bullish after Waller's dovish remarks
Fed Governor Waller's dovish comments on inflation pushed US yields lower, lifting the S&P 500 and Nasdaq above key moving averages, signaling a more bullish…
Fed Governor Waller's dovish comments on inflation pushed US yields lower, lifting the S&P 500 and Nasdaq above key moving averages, signaling a more bullish…
The ISM non-manufacturing PMI rose to 55.4 in August, above the 54.2 estimate and up from 54.1 in July.
Fed's Waller sees early disinflation signs but keeps rate hike option open if August data is hot.
Initial jobless claims came in at 206,000, slightly above the 205,000 estimate, indicating steady employment.
Global bond yields surged as oil prices jumped, fiscal concerns grew, and central bank rate cut expectations faded. The selloff may boost bond appeal.
Gold upside is capped by Fed rate hike risks and the US-Iran conflict; traders await US CPI for direction.
Nasdaq is rangebound amid Fed tightening risks and US-Iran conflict, with upcoming CPI and Middle East events key.
Bond yields are rising, but the underlying causes—inflation and fiscal risks—may be more concerning for equities than the yields themselves.
Arthur Hayes says a weaker EUR/JPY, possibly below 140 by 2027, points to Fed liquidity that could boost crypto.
Eurozone PMIs for August held steady, with growth matching July's pace and price pressures remaining elevated.
Bitcoin traded at $77,577 as a head-and-shoulders pattern pointed to $71,000; Glassnode put structural support between $62,000 and $65,000.
EUR/USD pulled back as hawkish Fed bets steadied and profit-taking emerged; traders eye US CPI for rate hike clues.
Gold rebounded from a near-four-week low to trade above $4,400, with technical levels and the upcoming US jobs report in focus.
Swiss inflation ticked up in August on higher petrol costs, with annual CPI doubling to 0.8% and core inflation rising slightly to 0.4%.
Global bond yields retreat from highs, with focus shifting to US non-farm payrolls data due Friday.