MILAN – Despite growing confidence that the Federal Reserve is about to cut interest rates, market sentiment is not the best these days. The Third Plenary Session of the 11th Central Committee of the Communist Party of China The unconvincing strength of Beijing’s actions also led to a sharp drop in copper prices, which were expected to stimulate the economy. While the chip industry continues to be affected by the White House’s possible further restrictions on those doing technology business with China, a preview of what might happen Donald trump card.
Between geopolitical uncertainty and the U.S. presidential campaign approaching a possible turning point, Biden Playbook Markets continue to watch central banks to see what they will do after their holidays. ECB delays decision on second rate cut until September ：The market gave it considerable certainty, but Christine Lagarde The message that the issue is not yet resolved was carefully conveyed. After the meeting, the “volume” of denominations priced in the market fell: 44 basis points for the rest of the year, compared to 47 basis points previously. Bloomberg Governors are increasingly making the case that one more rate cut would be enough, compared with the two that analysts have proposed so far.
Lagarde may want to know what the Fed wants to do, according to financial institutions As confidence in price stability grows, a rate cut in September is getting closer. According to financial institutions, in fact, policymakers have already sowed clues in this sense, such as Mary Daly He described some recent inflation data as “very good.” East of Goolsby He said the Fed may have to cut interest rates soon to avoid further deterioration in the labor market, which has cooled in recent months.
Wall Street futures were trading slightly above parity after days of losses in the stock market, marked by strong selling in technology stocks. Uncertainty remains over Joe Biden’s final choice after a failed attack on former US President Donald Trump, who just accepted the Republican nomination for the next election, handed over the baton to a younger candidate under pressure from many Democrats.
Currently, Dow futures are up 0.07%, S&P futures are up 0.23%, and Nasdaq futures are up 0.33%.
Due to the sale cycle of some assets and the strengthening of the US dollar, the price of oil in the Asian market is slightly below $85 per barrel. The current Brent contract is changing hands at $84.6, a decrease of 0.54%; the Brent contract is changing hands at $82.2, a decrease of 0.63%.
Asian stocks traded slightly below par on the last trading day of the week, due to poor results on Wall Street. Markets are concerned that the US could impose new trade restrictions on China if Donald Trump wins the US presidential election and there is a lack of clear stimulus measures at the end of the Long March Plenary Session. At the close, Tokyo’s Nikkei fell 0.06%. Chinese stocks were in stark contrast: Shanghai stocks were flat, Shenzhen’s Shenzhen Composite rose 0.10%, and Hong Kong stocks plunged, with the Hang Seng falling 2.07%. Seoul also saw losses, falling 1.17%.