Stock market today: Asian shares mostly decline ahead of Federal Reserve’s Powell speech

, scheduled for later in the day. He’ll be speaking at an event in Jackson Hole, Wyoming, that has been the site of major policy announcements by the Fed.

Yields found some traction following mixed reports on the U.S. economy. One showed fewer U.S. workers applied for unemployment benefits last week. Another said orders for long-lasting manufactured goods slumped by more last month than economists expected. The two-year Treasury yield, which moves closely with expectations for the Fed, rose to 5.01%. A day before, it had dropped to 4.98% from 5.05% after a report suggested U.S. business activity is cooling in August.

. That raised hopes that this year’s frenzy on Wall Street around artificial intelligence technology isn’t just hype.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Stock market today: Asian shares are mixed ahead of Fed Chair speech and Nvidia earningsAsian markets are trading mixed ahead of Fed Chair Jerome Powell’s highly anticipated speech later in the week.
Sumber: AP - 🏆 728. / 51 Baca lebih lajut »

Asian Stock Market: Trades in positive territory, led by tech stocksAsian stock markets trade in positive territory on Thursday, led by technology stocks after major chipmaker Nvidia Corp reported stronger-than-expecte
Sumber: FXStreetNews - 🏆 14. / 72 Baca lebih lajut »

Stock market today: Asian shares mostly rise after Wall Street rallyAsian shares are mostly rising after Wall Street rallied to its best day since June after pressures from the bond market relaxed a bit.
Sumber: AP - 🏆 728. / 51 Baca lebih lajut »

Asian Stock Market: Trades lower ahead of Fed’s Powell speech, Nikkei leads lossesAsian stock markets trade in negative territory on Friday. Markets turn cautious ahead of the Federal Reserve (Fed) Chairman Jerome Powell's speech. A
Sumber: FXStreetNews - 🏆 14. / 72 Baca lebih lajut »