Stocks and bonds posted modest moves as investors held back ahead of the Federal Reserve’s interest-rate decision, with markets expecting its first hike since 2023. Oil’s rally paused. MSCI’s Asian equities gauge rose 0.2%, snapping a four-day losing streak, while equity-index futures for Wall Street benchmarks edged up 0.1% before Wednesday afternoon’s announcement in Washington. Traders are pricing in a more-than-90% chance of an increase.
Treasuries consolidated, while government bonds edged up in Australia and New Zealand. A rally in energy prices — with global benchmark Brent surging about 20% this month — and growing bets on a rate hike had fueled a bond selloff, pushing the 10-year Treasury yield as high as 5.04% Tuesday, the highest in almost two decades. The yield slipped to 4.98% in Asian trading. Some relief came as Brent dropped 0.6% to about $108.10 a barrel as a rally driven by supply disruptions left gains looking overdone, and a US industry report pointed to a rise in stockpiles. The Fed is in focus after hotter-than-expected core inflation last week and concerns over government budgets bolstered bets that Chair Kevin Warsh and his colleagues will tighten monetary policy. Higher rates would come as surging energy prices threaten to keep inflation elevated, while rising bond yields increase financing costs and add another headwind for equities. In other corners of the market, gold steadied around $4,310 an ounce after two days of losses. Higher interest rates typically diminish the appeal of the non-yielding metal. A Bloomberg gauge of the dollar was little changed. Elsewhere, Bitcoin held losses to trade around $75,900 as the US Senate blocked a landmark crypto market structure bill. Central bank decisions remain the main focus this week, with the Fed followed by policy announcements in the UK and Japan that could reshape the monetary-policy outlook for the rest of 2026. A decision by the US central bank to hold rates — or a hike without clear guidance on further increases — may push investors to demand higher long-term yields as protection against inflation, while shorter-dated yields track the Fed’s policy path more closely. Officials have held their benchmark rate steady in a range of 3.5%-3.75% since December as a majority of policymakers argued that progress in lowering inflation was being stalled by temporary factors. US After Hours BBNX -8.8%, FTAI +2.6%, DHI +1.2%.
Nikkei +0.46% Hang Seng +0.18% CSI +0.69% Kospi +0.83% Shanghai +0.73% Shenzen +1.40%
Eur$ 1.1545 CNH 6.7102 CNY 6.7102 JPY 155.31 GBP 1.3485 CHF 0.8186 RUB 84.2501 TRY 48.6560 WTI$ 104.73 -1.07% Gold 4,322 +0.61% BTC 75,801 -0.10% ETH 2,402 -0.15%
S&P +0.19% Nasdaq +0.28% EuroStoxx +0.32% FTSE +0.26% Dax +0.25% SMI +0.22%
Macro :
- South Korea Can’t Afford to Slow AI Progress, Deputy PM Says
- Trump Advisers, Anthropic Executive Meet as AI Fears Mount
- Trump Advisers, Anthropic Executive Meet as AI Fears Mount
- Trump Has Few Good Options to Slow China’s Rise as AI Superpower
- US Plans to Provide Thousands of Massive Weapons to Israel
- Oil Hits Speed Bump With Supply-Driven Rally Looking Overdone
Keep an eye on :
Keep an eye on :
- ABVX FP : the "$3B" figure is a market-share illustration, not peak sales guidance
- ADP FP : ADP Aug. Passenger Traffic +0.1%
- AIR FP : Airbus Delivers First Plane From Second Assembly Line in China
- BIM FP : BioMérieux Says Two Biofire Panels Get Ivdr Class D CE Marking
- BA US : Korean Air Finalizes Order for 103 Boeing Jets
- DSFIR NA : Dsm-Firmenich Opens Jakarta Office, Expands Karawang Plant
- Factory IPO : Factory Raises $200m at $5b Valuation
- FFARM NA : ForFarmers To Buy STW From Leszczyński Family in Poland
- GLEN LN : Glencore Faces $2 Billion Radiant World Claim in Singapore
- GLEN LN : Glencore Faces $2 Billion Radiant World Claim in Singapore
- INTC US : SK Hynix, Intel in Talks to Make Memory Chips in the US: Rtrs
- ISP IM : Italy Antitrust Body Opens Probe of Intesa Bid for Monte Paschi
- MC FP : LVMH, Once Europe’s Most Valuable Stock, Exits Top 10 (Correct)
- META US : Meta to Release Camera-Free Smart Glasses This Fall: Information
- MLIC EY : Misr Life Aims to Offer 40% Stake to Strategic Investors: Al Mal
- NVDA US : Nvidia CEO Attending Trump’s State Dinner for China’s Xi: CNBC
- NVDA US : Nvidia’s Huang Says AI Safety Paramount But New Laws Not Needed
- Open AI IPO : OpenAI Weighs Funding Round at Over $1.2 Trillion Valuation
- 1913 HK : Prada Has No Plan to Bid for Armani Stake, CEO Says: Reuters
- 1913 HK : Prada Has No Plan to Bid for Armani Stake, CEO Says: Reuters
- RNO FP : Renault, Geely Invest More in Brazil for New Electric Vehicle
- SFSN SW : SFS Sees FY Ebit Margin 12% to 15%, Est. 12.6%
- 000660 KS : SK Hynix, Intel in Talks to Make Memory Chips in the US: Rtrs
- SMG SW : SMG Selldown by Mobiliar Is Said to Go to More Than 80 Investors
- UBER US : Uber Said to Offer Aurora Innovation Shares for Up to $6.44 Each
- UMG NA : UMG Files Copyright Infringement Suit Against Distrokid
- UCG IM : UniCredit Banker Sees Bigger Rally in Soaring Polish Equities
- VK FP : Vallourec Wins Subsea7 Contract for Petrobras Sepia 2 Project
- VOD LN : Vodafone takes up to €1.1bn hit from Drahi’s German broadband deal
- WBD IM : Consob Approves Webuild Tender Offer for Trevi-Finanziari