Markets not getting too carried away just yet to start the new weekWhat are the interest rates expectations after Powell's dovish tilt?Powell keeps the door open but what can we expect next?Barclays, BNP Paribas eye two Fed rate cuts this year after Jackson HoleJackson Hole paves the way for another leg lower in the dollar - MUFGJapan trade negotiator Akazawa set to visit as early as this week - reportGermany August Ifo business climate index 89.0 vs 88.6 expected
Markets:
AUD leads, JPY lags on the dayEuropean equities lower; S&P 500 futures down 0.2%US 10-year yields up 1.9 bps to 4.277%Gold down 0.1% to $3,369.57WTI crude up 0.6% to $64.15Bitcoin down 2.1% to 111,130Markets are still digesting a more dovish Fed Powell but have not gotten too carried away in running away with a rate cut for September. Fed funds futures show just ~83% odds of a 25 bps rate cut, with the US jobs report on 5 September set to be the be all and end all in confirming the central bank decision.
In the equities space, European stocks are looking a little sluggish with month-end just around the corner. That comes as US futures are also looking fairly tentative awaiting Wall Street's return from the weekend. S&P 500 futures are down 0.2% following the stronger gains at the end of last week.
Elsewhere, Treasury yields are a little higher while gold is also not doing all too much and is trading flatter after being down a little earlier in the session. Cryptos are starting to intrigue further at least with Ethereum down nearly 4% in yet another rejection of the $4,800 level while Bitcoin is nearing $110,000 and threatening a drop below its 100-day moving average for the first time since April.
This article was written by Justin Low at investinglive.com.Hence then, the article about investinglive european markets wrap dollar breather as markets settle down after friday was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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