Asian markets surged Monday, with Japan's Nikkei hitting a new record and Chinese shares at their highest in 10 months. Investors await Jackson Hole symposium from the Fed for rate cues while strong earnings help keep Wall Street propped up.
Asian stocks were higher on Wednesday with Japan's Nikkei breaking past 43,000 for the first time and global markets establishing new records. U.S. inflation data that was softer than expected added to the case for another Federal Reserve rate cut next month. Ether hit a nearly four-year high and the dollar held near a two-week low while commodities were steady.
Asian markets saw gains in Tuesday trade after the U.S. agreed to a tariff ceasefire with China for 90 days. Japan's Nikkei set a record closing high driven by tech gains, and well ahead of the US inflation data on Friday, an Australian rate decision as soon as today, and a big US-Russia meeting at week end.
Asian markets edged higher on Monday as strong earnings lifted investors' sentiments. Nikkie futures closed to a record high. Investors await U.S. inflation data that could influence Fed rate cuts. Significant geopolitical events such as Trump-Putin's scheduled meeting and US-China U.S.-China tariffs kept market cautious. Gold and oil slipped, while currencies traded in narrow ranges.
It is unclear how much Alex earned through selling his game, Taco vs Burrito, which allows players to compete to create the most valuable meal.
Separate customs data that was released on Wednesday, August 6, showed that exports to the US increased 26% to $14.2 billion in July.
Global markets decline as July data showed the US economy slowed down, and large corporations in the service sector have started feeling its effects. Trump said he will soon announce tariffs on semiconductors, chips, and the pharmaceutical sector.
Global stock markets rose further on Tuesday as investors bet that the Federal Reserve would lower U.S. interest rates to prevent a recession after weak jobs data raised worries of one. Their optimism was tempered by geopolitical concerns after President Trump threatened more tariffs on India and dismissed the head of U.S. labor data.
In Asia, markets opened the week in the green as renewed hopes for U.S. interest rate cuts, though few and far between, eased some of the recent pressure on investors. The prospect of another rate cut in September was lifted by Friday's soft job market report. However, concerns about U.S. policy credibility and political pressure on the Fed remain high.
Amazon shares were worst hit while apple also warned against the adverse effect of tariffs on cost. Analysts believe that weak job data will push fed act swiftly to cut rates.
The clothing company stated that "Sydney Sweeney Has Great Jeans" is and always was about the jeans.
Investors turned their attention to the next U.S. jobs data, which are expected to determine whether the Fed will cut rates in September.
A post went viral online with a response from the clothing company, addressing the controversies surrounding its latest jeans ad campaign, featuring Sydney Sweeney.
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Asian shares were flat on Wednesday after trade talks between the United States and China ended without any progress. Investors are bracing for the Federal Reserve's interest rate decision. There was a cautious shift in key indexes that included the Nikkei, Hang Seng, and MSCI's Asia-Pacific index. Crude prices edged higher as earnings and central bank announcements took the global market spotlight.