Market Minutes

Read snapshots of the latest market news

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.

Aussie rises on inflation printing

The yen gained strength as BoJ Deputy Governor Ryozo Himino indicated potential rate hikes if economic confidence continues to grow.

ECB’s Knot calls for tighter fiscal policy

ECB’s Klaas Knot urges tighter fiscal policies to aid inflation control, while German consumer sentiment hits a four-month low