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

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 36 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 39%
  • Publisher: 63%

Jerome Powell Nachrichten

Bloomberg,Basis Points,Kazuo Ueda

(Bloomberg) -- The yen rose and Asian equity gauges fell ahead of comments from Jerome Powell later Friday.Most Read from BloombergChicago's Migrant Surge Is...

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.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 47. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

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.
Herkunft: KitcoNewsNOW - 🏆 13. / 78 Weiterlesen »

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.
Herkunft: KitcoNewsNOW - 🏆 13. / 78 Weiterlesen »

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%. ...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

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.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »

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...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »