Premarket: Commodities fall, stocks steady ahead of Fed, BOJ rate decisions

Oil prices hit seven-week lows on Tuesday as a softening demand outlook weighed on commodities, while bond, currency and stock markets traded cautiously ahead of central bank meetings in the U.S. and Japan and a slew of major corporate earnings reports.

“The consensus is that the U.S. economy is going to be softer this quarter and maybe next quarter as well and you can’t really rely on the euro area to offer any compensation for that. China has got its own problems and doesn’t look like it’s going to snap into gear,” Daiwa Capital economist Chris Scicluna said.

“The term ‘calm before the storm’ has been heard across the floors,” said Chris Weston, head of research at Pepperstone in Melbourne. “This is a day for position management and to review broad exposures.” “We are at an interesting intersection for yen here,” said Nathan Swami, head of currency trading at Citi in Singapore, with this week’s central bank meetings possibly sketching a shift in the rates outlook and the yen’s trajectory.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Premarket: Stocks gain in packed week of earnings and rate decisionsFed, BOE and BOJ all meet this week
Fonte: globeandmail - 🏆 5. / 92 Leggi di più »

Oil slips, Asia stocks dip ahead of Fed, BOJOil traded near seven-week lows on Tuesday as a softening demand outlook weighed on commodities, while bond, currency and stock markets traded cautiously...
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »

Asian Stocks Eye Early Gains Into BOJ, Fed Week: Markets Wrap(Bloomberg) -- Asian stocks are poised to rise in early trading ahead of a week of key central bank decisions in Japan, US and UK, as well as some big tech...
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »