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Morning Bid: Tiptoeing nervously along US rate path – Aug 27

Posted on
August 27, 2024
by
moneysmart-girl

World markets are entering a period of nervous uncertainty as investors try to determine whether upcoming U.S. interest rate cuts will be benign and in tandem with a ‘soft landing’, or mitigation against a more damaging economic downturn.

Asian markets leaned towards the former on Monday and traded positively. But risk appetite steadily whittled away as the day progressed, pushing Wall Street into the red and setting the tone for a more jittery session on Tuesday.

Today’s Market News

Key developments on Tuesday:
  • Japan services PPI (July)
  • Thailand and Hong Kong trade (July)
  • Australia BHP annual results
Index Last Change % Change
trading higher

 41,240.52 +65.44 0.16%Positive
trading lower

 17,725.76 -152.03 0.85%Negative
trading lower

 5,616.84 -17.77 0.32%Negative

Source: LSEG, opens new tab – data delayed by at least 15 minutes

See all

For more news visit Reuters.com

 

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