European stock markets are currently experiencing mixed trends, with the Dax trading around base levels, the British FTSE up 0.3%, and the French CAC down 0.7%. Meanwhile, in the US, futures are trading positively, while in Asia, the Chinese stock markets are closed for Labor Day and the Japanese Nikkei is stable. The Hang Seng is up by over 2%, and the Kospi index falls by 0.1%.
Last night on Wall Street, volatility was seen in main indexes following the Fed’s decision to keep interest rates unchanged. Chip stocks traded lower after disappointing reports from companies like AMD and Nvidia. The reporting season in the US continues with companies like Pfizer exceeding profit and revenue forecasts but others like CVS Health and Estee Lauder disappointed investors with weak forecasts. Tonight, Apple is expected to announce its financial results.
In the bond market, government bond yields in the US are rising slightly after plunging sharply post-Fed’s interest rate decision. Oil prices also fluctuated, with a slight increase this morning. The Fed’s decision to keep interest rates unchanged reassured investors as Fed Chairman Powell emphasized that further interest rate hikes are not on the agenda. He noted that inflation remains sensitive to economic risks but expressed optimism about strong demand in the US based on GDP data. This reassurance from Powell helped ease concerns about the US economy and inflation for investors.
On Thursday night at 11:30 pm, a machine fire broke out on Warner Avenue near…
Tony McFarr, a renowned Hollywood stunt double who worked alongside actor Chris Pratt in movies…
The protests in New Caledonia began on Monday, the 13th, and have since escalated into…
Germany secured a playoff spot at the men’s hockey world championship with an impressive 8-2…
In recent years, the Food and Drug Administration (FDA) has released a series of regulatory…
A week off from competitive golf has been called for the LPGA after 10 players…