Asia struggles to track Wall St up after US jobs, Fed minutes
==========
US jobs market softened with 68,000 fewer jobs added monthly; Federal Reserve minutes indicate potential interest rate cut in September; Jerome Powell to speak at Jackson Hole symposium; Analysts debate size of potential cuts; Investors expect over one percentage point of cuts by year-end; Asian markets fluctuated with Tokyo up 0.6%, Hong Kong up 0.2%, while Shanghai down 0.2%; Dollar under pressure from expected rate cuts; Key figures include Dow up 0.1% at 40,890.49 and FTSE 100 up 0.1% at 8,283.43.
#UsJobs #FederalReserve #InterestRates #AsianMarkets #EconomicData #WallStreet #JeromePowell #MonetaryPolicy #Inflation #MarketFluctuations
https://www.citynewsokc.com/news/asia-struggles-to-track-wall-st-up-after-us-jobs-fed-minutes/article_0e03590a-4dcc-5cf1-b660-d5771f45b3d7.html
citynewsokc.com /
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2024-08-23 11:47:55
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wss://relay.damus.ioPublished at
2024-08-23 11:47:55Event JSON
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"content": "Asia struggles to track Wall St up after US jobs, Fed minutes\n==========\n\nUS jobs market softened with 68,000 fewer jobs added monthly; Federal Reserve minutes indicate potential interest rate cut in September; Jerome Powell to speak at Jackson Hole symposium; Analysts debate size of potential cuts; Investors expect over one percentage point of cuts by year-end; Asian markets fluctuated with Tokyo up 0.6%, Hong Kong up 0.2%, while Shanghai down 0.2%; Dollar under pressure from expected rate cuts; Key figures include Dow up 0.1% at 40,890.49 and FTSE 100 up 0.1% at 8,283.43.\n\n#UsJobs #FederalReserve #InterestRates #AsianMarkets #EconomicData #WallStreet #JeromePowell #MonetaryPolicy #Inflation #MarketFluctuations\n\nhttps://www.citynewsokc.com/news/asia-struggles-to-track-wall-st-up-after-us-jobs-fed-minutes/article_0e03590a-4dcc-5cf1-b660-d5771f45b3d7.html",
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