Markets lauded Federal Reserve Chair Jerome Powell's comments on Friday, when he said 'the time has come' to lower borrowing costs in the light of...
- U.S. stock index futures edged higher on Monday, with investors focused mainly on results from AI-favorite Nvidia and a key inflation report due later in the week, while confidence in a September interest-rate cut by the central bank remained high.
Traders are now betting on a 25-basis-point or 50-basis-point rate cut in September. Odds of the former have dropped to 63.5%, from more than 70% in the previous week, while odds of a 50-bps cut have risen to 36.5%, from about 30% last week, according to the CME Group's Fed Watch tool. As earnings season draws to a close, chip designer Nvidia, whose results are scheduled on Wednesday, traded nearly 1% higher in premarket trading.
Among others, BJ's Wholesale Club rose 1.4% after brokerage J.P.Morgan lifted its rating on the club operator to "neutral" from "underweight". MONTREAL, Aug. 26, 2024 -- Falco Resources Ltd. is pleased to announce the creation and establishment of Technical and Strategic Committees , as contemplated by the terms of the Operating Licence and Indemnity Agreement concluded with Glencore Canada Corporation on January 23, 2024.
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