Stock-index futures rebounded and Treasuries pared losses as Federal Reserve Chair Kevin Warsh’s resolve to tackle inflation reassured markets following the central bank’s first interest-rate hike since 2023. Futures for the S&P 500 Index rose 0.6% after the underlying gauge fell Wednesday to its lowest since July as the Fed raised rates. European shares were also set to advance, while contracts for the tech-heavy Nasdaq 100 Index climbed 0.7%. A gauge of Asian equities gained 0.3%. Meanwhile, the yield on the rate-sensitive two-year US note fell two basis points to 4.71% after climbing to the highest since 2024 in the prior session following the Fed move. Yields on the benchmark 10-year and the 30-year bonds both dropped by around two basis points. Asian debt reversed earlier losses and tracked Treasuries higher. A Bloomberg gauge of the dollar’s strength advanced for a fourth day, pushing the US currency to its highest in more than a month. The move followed a hawkish message from Warsh, who said the rate increase “removed a dose of accommodation.” Money markets priced in more than a 60% chance of another Fed hike in October. Markets are still acknowledging some growth risk from tighter policy, she said. But the relatively contained long-end reaction, resilience in tech and calmer tone across Asian markets suggest “investors are relieved that a more hawkish Fed has not translated into another shock in long-term yields.” The Federal Open Market Committee voted unanimously to lift the benchmark rate by a quarter percentage point to a range of 3.75% to 4%. The Fed’s so-called dot plot, which shows policymakers’ projections for the path of interest rates, indicated one more increase this year. Attention now turns to the policy decision in the UK, where the Bank of England is expected to hold rates on Thursday. On Friday, the Bank of Japan is expected to lift rates. In other corners of the market, Brent held its losses from the prior session when it retreated on signs that some recent Middle East supply disruptions are easing. Brent traded around $105.75 a barrel after falling as much as 5% on Wednesday as Saudi Arabia sought to restore about half the capacity of its East-West pipeline within days after drone strikes forced its closure last week. Also, President Trump said the Iran war will end “very soon.” Gold rebounded after three days of losses to about $4,290 an ounce. Warsh reinforced the inflation-fighting message he delivered at Jackson Hole last month. Speaking to reporters Wednesday, he said too many categories of goods and services were showing annualized price gains above 3% over six- and 12-month periods. President Donald Trump said on social media after the decision that US interest rates should be at 1% or lower, though he stopped short of directly criticizing Warsh. Wednesday’s move may mark the start of a broader tightening cycle, with both policymakers and traders anticipating at least one more increase this year. Attention is now shifting to the timing and pace of further moves. US After Hours FLNC -16.8%, BCBP -3.8%, LEN -2.6% lower on earnings.
Nikkei +0.05% Hang Seng -1.04% CSI -0.29% Kospi -0.02% Shanghai -0.32% Shenzen -0.13%
Eur$ 1.1464 CNH 6.7082 CNY 6.7085 JPY 156.06 GBP 1.3379 CHF 0.8256 RUB 84.2502 TRY 48.6757 WTI$ 102.36-0.08% Gold 4,292 -1.25% BTC 76,140 +0.04% ETH 24,26 +0.69%
S&P +0.47% Nasdaq +0.46% EuroStoxx +0.35% FTSE +0.15% Dax +0.40% SMI +0.61%
Macro :
- US Officials Consider AI Executive Meeting During Xi Visit: CNN
- Switzerland Aug. Watch Exports Rise 9.1% Y/Y
Keep an eye on :
Keep an eye on :
- AIR FP : Boeing Falls on 777X Testing Slip, Cash Flow Target Constraints
- AAL US : United, American Say Fuel Cost Surge May Mean Capacity Cuts (2)
- APO US : Apollo Has Started Investing in AI Startups: Information
- AZNLN : AstraZeneca to Invest Nearly 200m Yuan to Upgrade Wuxi Site
- BEZ GY : Berentzen-Gruppe Confirms Deal Talks with Sazerac
- BEZ GY : Berentzen-Gruppe Confirms Deal Talks with Sazerac
- GBF GY : Bilfinger Cuts FY Sales Forecast
- BA US : Boeing Falls on 777X Testing Slip, Cash Flow Target Constraints
- BOL FP : Bollore 1H Ebita EU104M Vs. EU123M Y/y
- BOL FP : Bollore 1H Ebita EU104M Vs. EU123M Y/y
- CON GY : Continental Signs MoU to Operate Venezuela’s Ayacucho 2 Block
- Emulate IPO : Google DeepMind offshoot nears $4bn valuation just a month after founding
- EXENS FP : Exosens Raises FY Revenue and Adj. Ebitda Targets
- RACE IM : Ferrari Signs Partnership With Rakuten
- FERGR NA : Ferrari Group 2Q Revenue EU97.4M
- GFL CN : Blackstone and Brookfield Consortia Are Said to Bid for GFL
- GOOGL US : Google, DeepMind launch institute to explore AGI
- HALO US : Halozyme Said to Offer Up to 1.625% Coupon on Convertible Bond
- HBAN SW : Helvetia Baloise 1H Combined Ratio Reported 92%
- Holtec IPO : Nuclear Power Services Firm Holtec Postpones Planned US IPO
- KNDS IPO : Tankmaker KNDS Said to Consider Delaying Initial Public Offering
- META US : Manus Eyes $4 Billion Value in First Round Since Meta Breakup
- MFEB IM : MFE 1H Ebit Misses Estimates
- NKE US : Nike Board Adds Alexandre Arnault as New Director
- NVDA US : Higher Nvidia GPU Prices Boost Cloud Returns: Equity Insight
- Open AI IPO : OpenAI Reports New AI Safety Incidents, Sets Disclosure Plan
- PALI US : -16%
- PSKY US : Paramount is looking for Nashville office space as it weighs leaving LA
- PINF IM : Mahindra Starts Offer for Remainder of Pininfarina (Sept. 16)
- RBI AV : Grizzly Research Shorts Raiffeisen Bank Alleging Russia Trade
- ROP SW : Roche’s Lunsumio Meets Primary Endpoint in Phase III Trial
- RWE GY : RWE to Buy Additional 3% Stake in Amprion Shareholder M31
- TTE FP : TotalEnergies Workers Call for Strike on Oct. 8 Over Pay: AFP
- VEND NO : Vend Says It Has Certain Rights Linked to Prisjakt’s Google Suit
- VOLCARB SS : Volvo Car to Launch 13 All New Cars Until End of 2030
- VUE IPO : Cinema Operator Vue Explores London IPO: FT
- WCH GY : Wacker Chemie Sees 3Q Ebitda at 2Q Level; Unveils new Targets
- WRT1V FH : Wartsila, TGES Sign MOU to Study Data Centre Power in Japan
- WHA NA : Wereldhave Sells De Mael Retail Park for €49.2m