Asian stock markets were broadly higher as investors regained some of their love for tech stocks, and Nvidia in particular, while looking ahead to a near-certain rate cut by the ECB and possible hints on what more is to come.
That drove short-term yields higher and gave the dollar a much-needed boost against the yen, which pulled back from its 2024 high of 140.71 per dollar. A quarter-point cut is fully baked in but the question remains whether the central bank will cut again in October and December. Inflation-wary hawks are still in the majority, with markets only pricing a move next month at about 40%.
Jobless claims have gained extra prominence given the Fed's laser focus on the health of the labour market. A bad number - higher than the forecast 230,000 - could revive the prospects for a 50 bps cut. Ukraine-Russia war live: Russian counterattack reported in Kursk as US announces $700m in funding for KyivFrom the Pink Power Ranger to vintage Bob Mackie, the stars of today took cues from icons of the past in many looks that walked the MTV Video Music Awards.Pop culture references tore up the black carpet.
BOYNTON BEACH, Fla. — Florida Democrats made bold claims last week about their chances in a state that has steadily grown more conservative in recent years. But so far they have not matched their words with the kind of money it will take to win there.SAN FRANCISCO — Mike Yastrzemski homered and drove in four runs, Blake Snell struck out eight in five innings, and the San Francisco Giants beat the Milwaukee Brewers 13-2 on Wednesday night.NANJING, China, Sept.
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