The Ultimate Investment Manager's Guide to Navigating the Global Financial Markets
As the markets face a turbulent time after the recent sell-off in early August, Asian shares are down and Tuesday's small drop has left investors on edge. Will this be the end of a 20-year winning streak?
With the yen climbing to 145.5 per dollar, Japanese stocks are feeling the pressure, while news of Walmart looking to sell its stake in JD.com has sent shockwaves through the Chinese online retailer's shares in Hong Kong.
Market momentum is at a standstill as we wait for economic data to assess the risk of recession and keep an eye on the U.S. presidential contest through polling.
Former U.S. President Barack Obama has stepped back into the spotlight to support Kamala Harris in her bid against Donald Trump.
With Fed minutes and revisions to U.S. labor data due, Goldman Sachs predicts a downward revision in job numbers, although they believe the labor market is not as weak as it may seem.
All eyes are now on the U.S. labor report on Sept. 6, as the job market takes center stage amidst decreasing inflation.
The rates markets are already pricing in a 25 basis point interest rate cut for September, with a chance of a 50 bp cut, leading to a steady decline in the dollar against other currencies.
Gold has reached record highs above $2,500 an ounce, and the euro is trading at $1.11, signaling uncertain times ahead.
Analysts caution of risks if the labor market outperforms expectations or if Fed Chair Jerome Powell's speech at Jackson Hole on Friday doesn't sound dovish enough.
CNN's fear and greed index has shifted from "extreme fear" to neutral, but investors are waiting for new data to confirm the positive outlook before diving back in.
Recent data from Asia shows mixed results, with Japanese exports falling short of expectations while South Korean exports see a healthy increase.
Key events to watch on Wednesday:
Economics: U.S. labor data revisions
Policy: U.S. Federal Reserve minutes
Analysis:
The global financial markets are facing uncertainty following a recent sell-off in August, leading to a drop in Asian shares. Investors are closely monitoring economic data to assess the risk of recession and keeping an eye on the U.S. presidential contest. With gold hitting record highs and the dollar weakening, the landscape is shifting. The upcoming U.S. labor report and Fed minutes will be crucial in determining market direction. It's a time of caution for investors as they wait for new data to validate the current market outlook before making any major moves.