Euro has maintained gains from yesterday against the sinking USD while the markets are optimistic that the heightened rate hikes will soon come to an end. However, they might end up disappointed as the rhetoric from FED officials is pointing in a different direction.
San Francisco Fed President Mary Daly maintained a hawkish stance overnight, saying the pain from heightened rates from people is on the inflation side, not on the jobs front.
She stated the need to maintain a restrictive policy for some time once it is in place and described inflation as ‘corrosive’ and ‘toxic.’ Her stance is similar to that of John Williams, the New York Federal Reserve President. The rest of the week will also see several hawkish comments from Fed speakers.
The Fed appears determined to disappoint market expectations.
Fed Chair Jerome Powell’s address at the Jackson Hole symposium in late August turned the tide on an early exit for their rate path.
APAC equities have followed on from the strong Wall Street lead, and with Hong Kong catching up after a few days off, the Hang Seng index has piled on more than 5% gain as it plays catch up.
Australia and Japan have also seen decent upside for their stock markets.
The RBNZ also hiked rates by 50 bp as anticipated to 3.50%. The RBA raised rates by 25 bp yesterday instead of the 50 bp forecast., AUD/NZD is lower again today. USD/JPY dipped below 144 and has found support, while GBP/USD is currently above 1.1400.
Elon Musk avoids a legal battle by agreeing to buy Twitter at the original price that he bid for the company.
Crude oil has eased around 0.50% from the North American close, with the WTI futures contract trading near US$ 86 bbl. Gold has also held onto overnight gains, trading a touch below US$ 1,720 an ounce.
This Post Has 9 Comments
88online voi su ket hop giua cac tro choi ca cuoc the thao, song bai truc tuyen, va cac tro choi danh bac, 88 Online la dia diem ly tuong cho nhung nguoi yeu thich cam giac hoi hop va may man
Wedsite: https://88online.baby/
VicClub là một trong những cổng game đổi thưởng trực tuyến hàng đầu tại Việt Nam, nơi người chơi có thể trải nghiệm nhiều sản phẩm cá cược hấp dẫn và dịch vụ hỗ trợ khách hàng chất lượng cao.
Với cam kết mang đến cho thành viên trải nghiệm giải trí tuyệt vời, Vic Club đã trở thành điểm đến lý tưởng cho cộng động người chơi game đổi thưởng. vicclub
BetVisa cung cap nhieu lua chon tro choi slot, song bac truc tiep, xo so, ca cuoc the thao, trao doi the thao va the thao dien tu. Cung cap cho ban nhieu phuong thuc thanh toan an toan deu duoc xu ly va giai quyet nhanh chong.! https://betvisa-vn.org/
Vin777 được biết đến với danh hiệu sân chơi nổ hủ số 1 khu vực Châu Á năm 2024. Vin777 được vận hành dưới sự bảo hộ của Tập Đoàn PAGCOR nổi tiếng trong giới cờ bạc online. website: https://vin777-vn.com/
I9BET duoc menh danh la mot trong nhung san choi cung cap cac dich vu giai tri chuyen nghiep va uy tin. Tham gia tai i9bet, cong dong game thu se duoc trai nghiem mot khong gian giai tri dat chuan dang cap quoc te. Hon the nua nguoi choi co the vua giai tri vua co the san thuong cuc lon tai day.
Website: https://i9bet-vn.net/
Dafabet la mot trong nhung nha cai ca cuoc the thao duoc yeu thich nhat nhi hien nay boi kho game tai sanh Dafabet Sport vo cung phong phu. Nguoi choi co the nhan thay vo so cac tro choi ca cuoc the thao HOT tren thi truong nhu: ca cuoc bong da, ca cuoc bong ro, the thao dien tu, tennis, cau long, bong chuyen,…
website: https://dafabet.is/
Wow, amazing weblog layout! How long have you ever been blogging for?
you made blogging look easy. The whole look of your website is fantastic, let alone the content material!
You can see similar here sklep online
Howdy! Do you know if they make any plugins to help with SEO?
I’m trying to get my blog to rank for some targeted keywords but I’m not seeing
very good results. If you know of any please
share. Thanks! I saw similar blog here: Auto Approve List
Wow, awesome blog layout! How lengthy have you ever been blogging
for? you make running a blog glance easy. The total glance of your site is excellent, let alone the content material!
You can see similar here e-commerce