Global Stocks flad as traders await Powell speech
Traders are extensively flat, as the Federal Reserve President Jerome Powell expects an important conversation from Jerome Powell at the Annual Jackson Hole Symposium, which can shed light on the future aspect of monetary policy.
Powell’s past conversations in the event often moved the markets, and this weekend statements faced closely with close reviews, as US President Donald Trump was under heavy criticism, and revealing concerns about potential threats to the independence of the Fed.
In July, an increase in US manufacturer prices caused investors to bet on the Fed -rate deductions, and the futures markets fell from a 85 percent chance a week ago at the next meeting in September.
Other Fed speakers at the Jackson Hole event appeared warm in the idea of September, despite the recent symptoms of weakness in the US labor market.
A cautious tone for the postponement of Edmond de Rothschild portfolio portfolio portfolio portfolio, Powell from Powell to the postponement of September to the coming jobs and inflation data may be sufficient to lead to market pricing 50-50 calls.
Milali said Powell could choose to defend the Fed’s independence.
Uz We think that the unofficial theme of this meeting will be the independence of the central banks, ”he said.
MSCI’s largest global stock index was broadly flat on Friday after European stocks remained at a higher level in the morning trade.
Wall Street -term transactions increased by 0.1 percent to 0.2 percent.
China’s CSI 300 index, Deepseek’s flagship V3 AI, won 2.1 percent after upgrading, and Reuters reported that Nvidia asked Foxconn to suspend the H20 AI chip and support Chinese competitors.
The dollar index, which measures the green of the six peers, decreased by 0.1 percent higher than 0.1 percent, and a revision to official data decreased by 0.3 percent after showing that the German economy decreased by 0.3 percent in the second quarter.
Japanese data showed that basic consumer prices have slowed down for a second month in July, but remained over two percent of the central bank’s target and maintain live expectations for a ratio increase in the coming months.
This did very little to help Yen, which was prepared for a decrease in a percentage for the week. Boj Governor Kazuo Ueda will also talk to Jackson Hole.
Oil prices fell, Brent crude oil recently fell by US $ 67.5 per barrel following its strong gains on Thursday because Russia and Ukraine accused each other for a stopped peace process.
At the bottom of the gold, the spot ingot is $ 0.2 percent per ounce.
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