Wall Street buoyed as Powell tells Jackson Hole “the time has come” for rate cuts
Rate easing optimism pushes Wall Street to its second week in the green as Fed Chair Jerome Powell sets the scene for a September cut, with traders still pondering the possibility of a potential 50 ba...
26 Aug 202424min
Harris officially accepts Democratic presidential nomination
In the U.S. Kamala Harris officially accepts the Democratic presidential nomination at the DNC in Chicago. She took aim at ‘unserious’ Republican rival Donald Trump during her historical address. U.S....
23 Aug 202428min
FOMC minutes, jobless data revisions push Fed rate cut hopes
Dovish FOMC minutes and a shock revision to the jobless numbers reinforce expectations that the Federal Reserve will slash rates next month. The S&P 500 bounces back to record its highest level in 5 w...
22 Aug 202426min
U.S. equities recovery stalls
The S&P 500 and Nasdaq both break an eight-day winning streak with the recent recovery stalling ahead of Fed Chair Jerome Powell’s widely anticipated speech at the Jackson Hole Symposium later this we...
21 Aug 202425min
DNC opens in Chicago
The Democratic National Convention opens in Chicago with an emotional President Joe Biden speaking of leadership and legacy and urging support for the party’s presidential nominee, Kamala Harris. The ...
20 Aug 202426min
U.S. equities riding high
Wall Street enjoys its best week since winter 2023 and European equities also notch their best week in 3 months. Goldman Sachs pares back its odd of a U.S. recession to just 20 per cent after a run of...
19 Aug 202425min
S&P 500 buoyed by U.S. consumer and employment numbers
The S&P 500 manages to claw back all its losses this month thanks to positive U.S. consumer and jobless data which calms investors about the health of the country’s economy. Japan’s Nikkei follows sui...
16 Aug 202424min
S&P 500 buoyed by U.S. CPI data
The S&P 500 enjoys a fifth consecutive day coming in higher on the back of U.S. CPI dipping to below 3 per cent for the first time since 2021. Investors Michael Burry and David Tepper move towards Chi...
15 Aug 202425min
