September 02, 2024 at 6:38PM EDT -- Global stocks retreated in a risk-off session as traders prepared for data that may offer insights about the health of the US economy and the Federal Reserve’s interest-rate path. The yen rallied while the dollar advanced.
The publication of US manufacturing data later Tuesday will mark the start of a busy week of economic reports, culminating with nonfarm payrolls statistics on Friday. A similar series of releases in August induced fears that the US economy was heading for a hard landing, whiplashing markets. Arif Husain, the head of fixed-income at T. Rowe Price who sounded the alarm on Japan’s rising interest rates last year, warned that there’s more market volatility ahead after the nation’s rate hike in July helped trigger a sharp reversal of the yen carry trade.
Europe’s Stoxx 600 dropped 0.5% as mining equities declined on the back of softer commodity prices, while a gauge of Asian stocks was flat.
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:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks tiptoe towards US manufacturing, jobs dataBond yields drifted higher on Tuesday, while currencies and Asia's stock markets steadied as investors waited on a raft of data to determine how deeply the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Nasdaq, stocks fall ahead of Nvidia earnings: Market CloseUS stocks (^DJI, ^IXIC, ^GSPC) close Wednesday in negative territory, the tech-heavy Nasdaq Composite dropping by 1.12% just before Nvidia (NVDA) is due to...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Will stocks implode in the fall?: Opening BidThe stock market (^DJI, ^IXIC,^GSPC) has recovered from the growth concerns that emerged earlier in August. While many Wall Street analysts believe the sell-...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Pot stocks fall as US DEA pushes cannabis reclassification hearing to DecemberShares of cannabis companies sank on Tuesday after the U.S. Drug Enforcement Administration (DEA) postponed its cannabis reclassification hearing to Dec. 2, ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Markets today: Stocks fall before Nvidia’s high-stakes earningsStocks fell as traders awaited Nvidia Corp.’s results for clues on whether the artificial-intelligence euphoria that has powered the bull market has run too far.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Asian Stocks Set to Fall as Tech Drags Wall Street: Markets Wrap(Bloomberg) -- Asian equities are poised to come under pressure Tuesday after technology stocks dragged down Wall Street as traders repositioned ahead of...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »