Morning Bid: Greenback in the red as Jackson Hole looms

Kansas City Fed News

Morning Bid: Greenback in the red as Jackson Hole looms
Global MarketsSamuel IndykMary Daly
  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 84 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 54%
  • Publisher: 63%

The volatility that rocked markets in early August appears to be back under control, and with the Kansas City Fed's Jackson Hole Symposium set to kick off on...

The volatility that rocked markets in early August appears to be back under control, and with the Kansas City Fed 's Jackson Hole Symposium set to kick off on Thursday, things could stay that way until later in the week.

The calendar looks light over the next five days, with only weekly jobless claims data and flash PMIs for August on the docket, so Fed speakers could get more attention. In a possible indication that the unwinding of yen-funded carry trades could be further along than previously thought, speculators have done some hefty repositioning in the currency in the last few weeks.

The VIX index, Wall Street's closely-watched gauge of investor worries, is up slightly on Monday but is still below 16, having jumped to over 65 on Aug. 5, its highest level since the COVID-19 spike in March 2020.* U.S. to sell 13-, 26-week billsSeven missing and 15 rescued after British yacht sinks off Sicily in storm

Watch live as a search and rescue operation is conducted in Italy after a British-flagged luxury superyacht carrying foreign tourists sank in a whirlwind and rough seas off the coast of Sicily on Monday, 19 August. The 56-metre “Bayesian”, built in 2008 by the Italian firm Perini Navi, had a crew of 10 people and 12 passengers, representing British, American and Canadian nationalities, the Italian coast guard said, when it capsized at around 5am off the port of Porticello.

Malaysian Buy Now Pay Later Market Malaysian Buy Now Pay Later Market Dublin, Aug. 19, 2024 -- The "Malaysia Buy Now Pay Later Business and Investment Opportunities Databook - 75+ KPIs on BNPL Market Size, End-Use Sectors, Market Share, Product Analysis, Business Model, Demographics - Q1 2024 Update" report has been added to ResearchAndMarkets.com's offering.BNPL payments are expected to grow by 17.9% on an annual basis to reach US$ 2.19 billion in 2024.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

YahooFinanceCA /  🏆 47. in CA

Global Markets Samuel Indyk Mary Daly Jerome Powell U.S.

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.

Futures slip following last week's rally; Jackson Hole in sightFutures slip following last week's rally; Jackson Hole in sightAll three major indexes jumped last week as a bunch of economic data, including a consumer price index reading and a retail sales report, pointed to a soft...
Read more »

Expect 'tough love' from Powell's Jackson Hole speech: EconomistExpect 'tough love' from Powell's Jackson Hole speech: EconomistFederal Reserve Chairman Jerome Powell will give his annual remarks at the Kansas City Fed's Jackson Hole Economic Symposium on Friday, August 23. Dreyfus...
Read more »

Investors look to Powell's Jackson Hole speech for clues about Fed’s first cutInvestors look to Powell's Jackson Hole speech for clues about Fed’s first cutThe question facing Fed Chair Jay Powell and his colleagues as they gather this week for their annual Jackson Hole symposium is not whether they will cut...
Read more »

Asia Set for Steady Start Into Jackson Hole Week: Markets WrapAsia Set for Steady Start Into Jackson Hole Week: Markets Wrap(Bloomberg) -- Asian stocks are set for a staid opening on Monday ahead of key central bank decisions in the region this week and the annual confab at...
Read more »

Traders Need Fed Go Sign in Jackson Hole to Keep Stocks RallyingTraders Need Fed Go Sign in Jackson Hole to Keep Stocks Rallying(Bloomberg) -- Wall Street is betting that Federal Reserve Chair Jerome Powell will confirm that interest-rate cuts are coming at the central bank’s annual...
Read more »

All eyes on the Fed at Jackson Hole amid market rebound: What to know this weekAll eyes on the Fed at Jackson Hole amid market rebound: What to know this weekWith the market's recession fears having cooled for now, investor focus has shifted to what Federal Reserve chair Jerome Powell says about interest rate cuts...
Read more »



Render Time: 2025-02-13 07:06:18