Headlines: Gold bulls on edge ahead of Fed Chair Warsh speech at Jackson Hole US futures hold higher, bolstered by Nvidia earnings Policymakers concluded that risks to the inflation outlook are tilted to the upside – ECB accounts ECB’s Radev says October and December meetings…
main ‘live’, policy to be guided by economic data BOJ policymaker Himino says won’t comment on market expectations on rate hike Will Warsh play it cool and let Bessent take the wheel for now? US administration reportedly mulling over fresh round of tariffs on semiconductors Germany consumer sentiment set to improve further going into September Markets: AUD leads, GBP lags on the day European equities mostly lower; S&P 500 futures up 0.4% US 10-year yields down 0.5 bps to 4.658% WTI crude oil up 0.3% to $82.50 Gold up 0.1% to $4,595 Bitcoin up 1.3% to $79,479 There wasn’t all too much happening on the session here today, with markets slowly gearing towards Fed chair Warsh’s keynote speech in Jackson Hole tomorrow
That will be the main event to wrap up the week. So, traders and investors remain very much guarded and more pensive in trading so far today. The US dollar is holding steadier across the board, with light changes all around.
EUR/USD is down 0.1% to 1.1638 with USD/JPY up 0.1% to 159.48 on the day while AUD/USD is up 0.2% to 0.7180. That comes as risk sentiment is breathing easier, with US futures buoyed by Nvidia’s earnings beat yesterday. The chip giant is seeing shares up by nearly 6% in pre-market, boosting S&P 500 futures by 0.4% and Nasdaq futures by 0.9% on the day.