Asian Stocks Set to Fall as Tech Drags Wall Street: Markets Wrap

-- Asian equities are poised to come under pressure Tuesday after technology stocks dragged down Wall Street as traders repositioned ahead of Nvidia Corp.’s earnings later this week.With Housing Costs High, Democrats Hone YIMBY Message

Investors continued to keep a close eye on US policymakers as markets monitored the extent to which the Federal Reserve is likely to cut interest rates next month. Fed Bank of San Francisco President Mary Daly said it’s appropriate to begin cutting rates, while her Richmond counterpart Thomas Barkin said he still saw upside risks for inflation, though he supported “dialing down” rates.

“September is historically the worst month on the calendar, so investors should expect some volatility, especially if key indicators like the PCE inflation data, Nvidia earnings, or upcoming payroll disappoint,” he said. In commodities, oil edged lower early Tuesday, following gains on Monday as Libya’s eastern government said it will halt exports. Gold was little changed.The Bloomberg Dollar Spot Index was little changedThe Japanese yen was little changed at 144.46 per dollarDefense Metals Announces CEO and Director Resignations

Police accused Durov of failing to take action against criminal activity on his platform and said that Telegram also failed to cooperate with law enforcement.Francis Ford Coppola Says the Claim He Was Inappropriate on “Megalopolis” Set Is ‘Totally Untrue’Donald Trump was photographed smiling and giving an awkward thumbs up Monday at the graves of fallen marines in Arlington National Cemetery.

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