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Market Minutes
Read snapshots of the latest market news
Gold eases after record high; silver holds steady
The U.S. dollar’s slight rise softened gold prices, but Fed easing could limit the impact
RBA set to hold, while SNB may consider bold rate move
RBA is expected to hold rates steady and the SNB faces pressure to weaken the Swiss franc with a potential aggressive rate reduction.
FOMC decision day
Investors await the outcome of one of the most closely watched Federal Reserve meetings in years, with uncertainty over a 25 or 50 basis point cut fueling expectations of market volatility
Yen at 8-month high, gold at all-time high
Safe havens shoot higher ahead of the Feds key decision this week.
Dollar slumps as markets raise odds of 50bps Fed rate cut
The dollar weakened significantly after market participants raised the probability of a 50bps rate cut by the Fed next week.
US unemployment rate falls to 4.2%
US NFP repot slightly lower than expected; unemployment rate drops to 4.2%
Global markets react to weak US manufacturing data
US manufacturing activity fell short of expectations, Brent crude prices hit a low since December 2023 due to demand concerns
Trading subdued amid low volatility
Trading was subdued due to low volatility from the Labor Day holiday, with investors cautious ahead of key economic data later this week.
US payroll data to be the focus of the week
Bloomberg forecasts 155,000 new jobs in August, with unemployment expected to dip from 4.3% to 4.2%.
US economic growth for second quarter is revised up
US economic growth for Q2 2024 has been revised up to an annualized 3% from 2.8%, highlighting the economy’s resilience despite high interest rates.