Futures rise with Jackson Hole ahead, Zoom to report - what's moving markets
all posted weekly declines. Equities came under pressure from a jump in bond yields that partly stemmed from waning hopes that the Federal Reserve will soon begin to back away from its long-standing monetary tightening campaign. Prices typically dip as yields rise.
As the new trading week begins in the U.S., investors will be looking ahead to comments on Friday from Fed Chair Jerome Powell at an annual symposium inMeanwhile, weak economic releases have added fuel to concerns over how long it will take China to fully rebound from draconian COVID-19 rules. Calls for Beijing to roll out more stimulus to help spur demand in the world's second-largest economy have been intensifying, yet officials remain wary about causing further weakening in the yuan .
Once a pandemic-era powerhouse driven by remote working, Zoom has been hit by more workers coming back to physical offices, along with rising competition from similar offerings backed by big-name players like Microsoft (NASDAQ:
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