Asia shares choppy as traders await Powell speech
The stocks in Asia made a higher start on Friday, as he expected to talk at the annual Jackson Hole Symposium from the Federal Reserve President Jerome Powell, the Federal Reserve President of the Traders.
Financial markets want to give clues about the possibility of cutting the September ratio after the recent signs of weakness of the labor market and the close -term appearance for policy.
“Markets are very important in front of Jackson Hole speaking,” the markets are very important, “said Carol Kong, an economist and money strategist at the Australian Commonwealth Bank in Sydney. He said.
The S&P 500 futures added 0.1 percent after a five -day losing line in Wall Street, which left the cash indicator of the US stocks to the largest week decline this month.
MSCI’s largest Asian-Pacific Shares Index, except Japan, was a different story in the region, with an increase of 0.1 percent. South Korea’s KOSPİ index increased the accusation by 1.1 percent.
Nikkei 225 was among the gains and losses and was the last process.
The data remained fixed against the US dollar at 148.45 after showing that Japan’s basic consumer prices exceeded the estimates of analysts and the inflation target of Japan in July.
The US Dollar Index, which follows Greenback against the currencies of large trade partners, was stable at 98.60 after four days of earnings, like Parsed, who seem to be warm to the idea of an interest rate cut next month.
The merchants increased bets for a deduction in September after a surprisingly weak payroll report at the beginning of this month, and consumer price data showed a limited pressure from tariffs.
However, the market pricing withdrew a little bit after the Fed’s July meeting was removed. According to the CME Group’s Fedwatch vehicle, traders are pricing on Thursday by 82.4 percent on Thursday with the possibility of a 75 percent deduction in September.
The most likely scenario is that Powell will not provide “definite clues ında about what FED will do in front of critical non -agricultural payrolls and CPI data.
“Considering where the current market is, the risk is a stronger US dollar, especially if a 25 -based segment challenges the current market price.”
Traders evaluate the signs that the US economic activity has gained momentum in August, and the PMI data from S&P Global shows the most powerful growth in production orders in 18 months.
The labor market, however, emphasized the weakness pockets, because the number of Americans who made new applications for unemployment aid increased the most in about three months last week, and the number of people who collected unemployment relief previously rose to the highest level in about four years.
Euro added 0.1 percent as the EU and the US determine the details of a framework trade agreement in July.
Oil prices, Russia and Ukraine accused each other for a stopped peace process, and US data showed strong signs of demand in the best -consuming countries after strong achievements on Thursday after strong gains, Brent per barrel (A105.28 $) was decreased lower.
The gold was slightly lower, the spot ingot is flat at Troy ounce of $ 3355.41 (A5,191.62 $).
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