Stocks Face Pressure Ahead of Powell as Yen Rises: Markets Wrap

The Japanese currency strengthened as investors parsed comments from Bank of Japan Governor Kazuo Ueda and Finance Minister Shunichi Suzuki about the currency market. Their remarks are in focus after hawkish rhetoric from Ueda helped trigger a massive selloff in global stock markets earlier this month.

The 10-year Treasury yield was steady in Asian trading after rising five basis points Thursday, when the policy-sensitive two-year yield climbed seven basis points, largely reversing the move from the prior session. An index of dollar strength slipped after a Thursday advance. Australian and New Zealand bond yields climbed.

Investors waded through a raft of remarks from US policymakers, with Fed Bank of Kansas City President Jeffrey Schmid saying he wants to see more data before supporting cuts. His Boston counterpart Susan Collins said “a gradual, methodical pace” is likely to be appropriate. Her comments were echoed by Philadelphia Fed President Patrick Harker in a CNBC interview.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Gold outshines the field with new ATH, Bitcoin and stocks face bearish pressureThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Fuente: KitcoNewsNOW - 🏆 13. / 78 Leer más »

Gold, stocks, and cryptos sink lower as investors await Powell’s comments on interest ratesThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Fuente: KitcoNewsNOW - 🏆 13. / 78 Leer más »

Nasdaq falls, stocks prepare for Fed Chair Powell's commentsAll three of the US major averages (^DJI, ^IXIC, ^GSPC) clocked out of Thursday's session in negative territory, the Nasdaq Composite even falling by 1.67%. ...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Markets today: Stocks rise amid ‘mixed bag’ of data before PowellStocks rose as traders weighed the latest economic reports for clues on the outlook for U.S. Federal Reserve rates.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »

Tech stocks, bitcoin above $60k, Powell under fire: 3 thingsIt's another busy day on Wall Street. Here are three of the stories to watch during Friday, August 9. Tech stocks have been under pressure this week amid the...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »