Market Jitters Prevail as Fed Hints At Policy Shifts
Amid global market anxieties, traders await Jerome Powell's speech at the Federal Reserve's Jackson Hole symposium for clues on future monetary policy. Speculations rise over a potential September rate cut following lackluster job data. Investors monitor European trade frameworks and fluctuating currency values, while global shares and oil prices show mixed reactions.
Global markets remain jittery as traders await Federal Reserve Chair Jerome Powell's address at the Jackson Hole symposium, hoping for insights into future U.S. monetary policy directions. The anticipation comes amidst market uncertainties, particularly concerning a possible rate cut in September following weaker-than-expected job market data.
On Wall Street, S&P 500 futures indicate a continued lull with little enthusiasm to overcome a five-day losing streak. Meanwhile, currency fluctuations saw the euro slip against the dollar, and the yen weaken as Japan's core consumer prices exceeded forecasts, prompting investor watchfulness ahead of Bank of Japan Governor Ueda's remarks.
Elsewhere, MSCI's Asia-Pacific index outside Japan remained stable, buoyed by China's blue-chip performance, while oil prices dipped post previous gains fueled by geopolitical tensions involving Russia and Ukraine. Key economic indicators from Germany and France also poised to influence market sentiment further.
(With inputs from agencies.)
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