Asian shares crept cautiously higher on Monday, while the dollar and bond yields were on the wane ahead of inflation data that investors hope will pave the...
FILE PHOTO: A passerby gestures in front of an electronic board displaying the Nikkei stock average outside a brokerage in TokyoSYDNEY - Asian shares crept cautiously higher on Monday, while the dollar and bond yields were on the wane ahead of inflation data that investors hope will pave the way for rate cuts in the United States and Europe.
"Nvidia will beat consensus expectations, they always do, but investors are so ingrained in seeing revenue come in $2 billion plus above the analysts' consensus or we could easily see a sell the news event," said Chris Weston, head of research at broker Pepperstone. "The jobs report on September 6 is clearly important as Powell is willing to cut rates to ward off downside risks to employment and to maintain a strong labour market," he added. "In summary, Powell has increased the chances of a soft landing."Figures on U.S personal consumption and core inflation are due on Friday, along with a flash reading on European Union inflation. Analysts generally assume the data will be benign enough to allow for rate cuts in September.
"Our forecast rests on our assumption that the August employment report will be stronger than the July report, but we continue to think that if instead the August report is weaker than we expect, then a 50bp cut would be likely." The dollar slipped a further 0.3% to 143.97 yen, having fallen 1.3% on Friday. The euro was up at $1.1190 and just off a 13-month top, while the Swiss franc held firm at 0.8472 per dollar.
Guests at the three-day destination celebration included Westwick's former 'Gossip Girl' costar Kelly Rutherford and model and actress Daisy LoweNvidia earnings are the next test after Fed chief Powell said it's time for rate cuts, fueling the stock market rally.CASTLE ROCK, Colo. — The BMW Championship was one tournament Keegan Bradley never thought he could win, only because he didn't think he would be playing.
Basis Points Nvidia Inflation Data Jerome Powell Labour Market
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian shares are mixed, with Tokyo closed, as more tests for markets loomBANGKOK (AP) — Asian shares were mixed in calm trading on Monday ahead of big reports this week on the state of the U.S. economy.
Read more »
GO Transit operations affected by railway dispute to resume service Monday: MetrolinxThe agency responsible for Ontario’s GO Transit system says a commuter line and train station will resume service as the work stoppage by Canada's two major ...
Read more »
GO Transit service back at Hamilton Station, Milton line MondayA sign at Dixie GO station notifying commuters that there is no service on the Milton rail line.
Read more »
GO Transit operations affected by railway dispute to resume service Monday: MetrolinxThe agency responsible for Ontario’s GO Transit system says a commuter line and train station will resume service as the work stoppage by Canada's two major railways comes to an end.
Read more »
Asian Stocks Eye Fed Bounce After Powell Speech: Markets Wrap(Bloomberg) -- Most Asian stocks look poised to gain early Monday, after Wall Street was cheered by signals from Federal Reserve Chair Jerome Powell that US ...
Read more »
GO Transit operations affected by railway dispute to resume service Monday, Metrolinx saysMetrolinx spokesperson says there may be some adjustments to schedules throughout the day
Read more »