Pre-Market Pulse 4th September – US Jobs data not enough to spark more hikes
Equities ended higher on Friday after a jump in unemployment cemented expectations of a pause in interest rate hikes this month
Equities ended higher on Friday after a jump in unemployment cemented expectations of a pause in interest rate hikes this month
Today’s economic data highlights housing trends, while upcoming gig economy reforms signal potential price hikes for services like UberEats amidst property valuation concerns.
Equities ground higher for a fourth-straight day as signs of a slowing U.S. economy bolstered bets on a Federal Reserve pause next month.
Equities ended higher overnight as Treasury yields slipped after weaker economic data stoked optimism that the Federal Reserve will likely skip rate hikes in September.
Equities ended higher Monday, underpinned by a 3M-led surge in industrials ahead of a flurry of data this week that will play into the Federal Reserve’s policy decision next month.
Equities finished mixed as Fed Chief, Jerome Powell was hawkish in his Jackson Hole speech Friday,
Equities ignored yesterday’s post-market move higher on better-than-expected Nvidia results and sold from the open as investors remain wary of making bullish bets a day ahead of Jackson Hole
Equities were buoyed by tech as optimism on the “golden child” of the AI rally, Nvidia results in the post market (later justified) and falling treasury yields leading into the Jackson Hole Symposium.
Equities closed lower overnight under pressure from regional banks and a tumble in retailers following disappointing quarterly results from Macy’s and Dick’s Sporting Goods.
Equities were mixed overnight as weakness in consumer staples and energy offset an Nvidia-led rebound in tech despite a jump in Treasury yields to 16-year highs ahead of potential clues on monetary policy later this week.
Equities closed broadly lower with just the Dow eking out a win, but that was of mere consolation as stocks posted their worst weekly loss since March ahead of the Fed chair Jerome Powell’s appearance at the Jackson Hole economic policy symposium next week
Wrap of this weeks significant ASX listed company earnings