Market Minutes
Read snapshots of the latest market news
Nvidia beats expectations; U.S. stocks hover near records
Nvidia’s strong earnings reinforced AI momentum, helping keep U.S. equities near record levels. Crude and natural gas prices advanced as U.S. inventories fell and Russia–Ukraine tensions escalated.
U.S. markets rise despite political uncertainty; dollar slips
U.S. equities advanced intraday even as an attempt to remove Fed Governor Lisa Cook stirred political risk. The dollar weakened, gold firmed, and European equities ended lower.
Nvidia earnings keep U.S. markets on edge
U.S. equities slipped as investors braced for Nvidia’s Q2 results and Friday’s PCE inflation release. Meanwhile, geopolitical tensions remained elevated after Ukraine struck Russian energy assets over the weekend, lifting oil prices.
Powell's dovish tone lifts markets on rate cut hopes
Jerome Powell struck a more dovish tone, signaling openness to the beginning of rate cuts while stressing data dependence. Markets responded unevenly: U.S. equities and gold advanced, while the U.S. dollar and 10-year Treasury yields decrease after the close.
Jobless claims add uncertainty to the Fed’s next move
Weekly jobless claims rose above expectations, sharpening the contrast between sticky inflation risks and a softening labor market. Markets now look to Jerome Powell’s remarks at Jackson Hole for policy clues.
Fed minutes reveal hawkish consensus; USD gains slightly
Most Fed officials maintained a restrictive stance, though two favored a cut. The dollar ticked up 0.13% as U.S. equities slipped 0.20% on average.
Trump stays on the sidelines of Russia–Ukraine conflict; oil drops on peace hopes
Markets are increasingly pricing the possibility of a Russia–Ukraine peace deal, pushing crude prices lower amid expectations of future sanction relief and higher Russian supply.
Markets focus on Jackson Hole symposium as Fed faces pressure to cut
Markets are squarely focused on this week’s Jackson Hole symposium, where central bank officials will provide guidance on growth, inflation and the potential pass-through from recently imposed tariffs. A September rate cut remains the base case, but investors want clearer signals on how aggressive the Federal Reserve is prepared to be.
Markets attentive to the U.S.–Russia summit; oil declines
Financial markets remain focused on the US–Russia summit, where a ceasefire in the Russia–Ukraine conflict is being sought. Oil prices are slipping, while expectations for Fed rate cuts remain uncertain.
Producer price index fuels uncertainty over inflation rebound; bond yields rise
U.S. producer price data surprised to the upside, sparking concerns of an inflation resurgence and driving bond yields higher, while the dollar gained ground.