đ Mixed Trends Emerge as Markets Await Powell's Speech. đ
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As investors eagerly await Federal Reserve Chair Jerome Powell's highly anticipated speech at the Jackson Hole symposium, mixed trends have emerged across various markets đ€.
đ Asian Stock Markets Decline đ
Asian stock markets broadly fell, with:
- Tokyo's Nikkei 225 down 0.6%
- Hong Kong's Hang Seng Index down 0.4%
- Shanghai Composite down 0.3%
đ European Stock Futures Mixed đ
European stock futures were mixed, with:
- Euro Stoxx 50 futures up 0.1%
- FTSE 100 futures down 0.2%
- DAX futures flat
đž Currency and Commodity Markets đž
- The dollar fell slightly against major currencies
- Treasury yields declined, with the 10-year yield down 1.5 basis points
- Gold rose 0.2% to $1,515.50 an ounce
- Oil futures fell, with Brent crude down 0.5% to $59.30 a barrel
đ Investor Expectations đ
Investors expect the Fed to lower interest rates in September, but are split on the size of the cut. Powell's speech could provide a clearer signal about the future direction of interest rates, which would impact the markets đ.
đ What's Next? đ
As the markets await Powell's speech, investors are bracing for potential volatility. Will Powell's words calm or stir the markets? The next few hours will be crucial in determining the short-term market direction â°.