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Spain's credit score may be upgraded by Moody's Ratings, which could further boost its popularity in the bond market. While some analysts believe it is too soon for an upgrade, others see a chance of Spain's credit score being raised to A3. Factors such as strong GDP growth, record tourist numbers, and a growing population contribute to Spain's high growth rates. Additionally, Spain's bonds offer a higher yield compared to Germany, making them attractive to investors. S&P Global is also set to review Spain's outlook, and even if no changes are made, the positive sentiment towards Spain is expected to continue. [Extracted from the article]

Spain's credit score may be upgraded by Moody's Ratings, which could further boost its popularity in the bond market. While some analysts believe it is too soon for an upgrade, others see a chance of Spain's credit score being raised to A3. Factors such as strong GDP growth, record tourist numbers, and a growing population contribute to Spain's high growth rates. Additionally, Spain's bonds offer a higher yield compared to Germany, making them attractive to investors. S&P Global is also set to review Spain's outlook, but some experts are less optimistic about a positive outcome. Despite this, the positive sentiment towards Spain is expected to continue. [Extracted from the article]

Traders are adjusting their positions in response to Donald Trump's perceived defeat in the recent debate with Kamala Harris. Trump Media & Technology Group Corp. shares fell 14% and Bitcoin also retreated slightly. On the other hand, green energy shares gained as investors speculated that Democrats would provide more funding for renewable energy. However, analysts caution against reading too much into these market moves, as the race is still close and other factors, such as the US economy, could be influencing them. The odds of the Democratic candidate winning the election have increased, but it is still too early to make definitive predictions. [Extracted from the article]

The bond market is no longer expecting the Federal Reserve to cut interest rates by half a point this month, as recent inflation and labor market data suggest a more measured approach. Swap traders have fully priced in a quarter-point reduction at the Fed's policy announcement next week. The Treasury market ended lower after a volatile session, while the S&P 500 Index rebounded. The biggest question for investors is whether the economy is heading for a soft landing that requires modest rate cuts or a harder landing in the next year. [Extracted from the article]

The bond market is no longer expecting the Federal Reserve to cut interest rates by half a point this month, as recent inflation and labor market data suggest a more measured approach. Swap traders have now fully priced in a quarter-point reduction at the Fed's policy announcement next week. The Treasury market has also benefited from the S&P 500 Index falling, with stocks tied to the economy being hit the hardest. The biggest question for investors is whether the economy is heading for a soft landing that only requires modest rate cuts or a harder landing in the next year. [Extracted from the article]

Traders are reducing their bets on Donald Trump winning the White House following the recent debate, as market watchers believe Kamala Harris has a better chance of victory. Trump Media & Technology Group Corp. shares fell 12% in premarket trading, while Bitcoin, a favored asset of the former president, also retreated slightly. The dollar dipped 0.2%, as a strong dollar has been associated with Trump's plan to penalize countries moving away from the currency. European green energy shares, on the other hand, rose on speculation that Democrats would provide more funding for renewable energy. However, strategists caution against reading too much into these market moves, as the race remains close and some of the shifts may be due to changes in the US economic outlook. The odds of the Democratic candidate winning the election increased to 56% on the betting website PredictIt. Citigroup Inc. strategists believe that while Harris may have performed better in the debate, the dollar will remain strong due to Trump's economic platform centered around tariffs. Jefferies International and Saxo Bank also caution against making trades based on a specific candidate, as the outcome of the election is still uncertain. [Extracted from the article]

Nvidia Corp., a chipmaker, experienced a significant drop in its stock price following its earnings report, causing a decline in the semiconductor industry as a whole. This decline is attributed to post-earnings disappointment and a shift towards cheaper stocks. There are concerns about the sustainability of heavy spending on hardware used in artificial intelligence computing, as companies like Microsoft and Alphabet have not seen significant revenue growth from these investments. Other semiconductor companies, such as Intel and Taiwan Semiconductor Manufacturing Co., also saw declines in their stock prices. Despite the recent drop, Nvidia remains the best-performing stock in the S&P 500 this year. [Extracted from the article]

Oil prices remained steady as concerns about China's economic outlook offset disruptions in Libya's oil supply. Brent crude traded near $77 a barrel, while West Texas Intermediate was close to $74. China's economy is being affected by a property crisis, making it unlikely to reach its growth target. In Libya, the state oil firm declared force majeure at the El-Feel field, which has already halved the nation's oil output. These disruptions may give OPEC+ the opportunity to restore some production next quarter. However, the market is also preparing for additional oil supply from OPEC+ in October. The US is also considering imposing new sanctions on Venezuelan government officials in response to disputed election results. [Extracted from the article]

Oil prices remained steady as concerns about China's economic outlook offset disruptions in Libya's oil supply. Brent crude traded near $77 a barrel, while West Texas Intermediate was close to $74. China's economy is being affected by a property crisis, making it unlikely to reach its growth target. In Libya, the state oil firm declared force majeure at the El-Feel field, which has already halved the nation's oil output. These disruptions may give OPEC+ the opportunity to restore some production next quarter. However, the market is also preparing for additional oil supply from OPEC+ in October. The US is also considering imposing new sanctions on Venezuelan government officials in response to disputed election results. [Extracted from the article]

Chinese gaming companies Tencent Holdings Ltd. and NetEase Inc. are reevaluating their investments in Japanese studios due to a lack of successful games and the resurgence of the Chinese gaming market. NetEase has cut jobs at its Ouka studio in Tokyo and plans to shut it down. Tencent is also scaling back investments in Japan and has withdrawn funding commitments for new games. The companies have faced challenges in Japan due to a mismatch in ambition between them and local partners. However, both Tencent and NetEase will continue to work with major Japanese names and are not planning a complete retreat from the country. [Extracted from the article]

Walmart had a successful month in August, with its shares surging by 13% and adding $69 billion to its market capitalization. The company's strong second-quarter earnings report, driven by price-conscious shoppers, contributed to this growth. Walmart's ability to attract bargain-hunters, including wealthier consumers, has put pressure on its discount-chain competitors, such as Dollar General and Dollar Tree, who have struggled to meet their targets. In contrast, retailers like Target, TJX Cos., and Ross Stores Inc. have also impressed Wall Street with their performance. However, some investors are concerned about Walmart's high valuation compared to its peers. [Extracted from the article]

Brazil's currency, the real, experienced significant swings after the central bank announced its second intervention in the currency market. The central bank auctioned up to 30,000 FX swaps, worth almost $1.5 billion, in an effort to offset concerns about the country's deteriorating fiscal outlook. The real initially opened higher but plummeted after a report on the fiscal deficit, making it the worst performing currency in emerging markets this year. Experts believe that the real will continue to underperform until the fiscal outlook improves. [Extracted from the article]

Brazil's real currency experienced a significant drop in value compared to other emerging market currencies due to worse-than-expected budget data, raising concerns about the country's fiscal outlook. The primary budget deficit for July was 21.3 billion reais ($3.8 billion), much higher than the estimated 6.9 billion-real shortfall. President Luiz Inacio Lula da Silva's spending policies and uncertainty about future interest rates have contributed to the real's poor performance this year. Experts believe that the real will continue to underperform until there is an improvement in the fiscal outlook. [Extracted from the article]

Walmart Inc. has experienced a significant increase in shares, with a 12% gain in August, making it their best month since October 2017. This surge in shares is attributed to a strong second-quarter earnings report, driven by price-conscious shoppers. Walmart's success in attracting bargain-hunters, particularly wealthier ones, coupled with their advancements in e-commerce, has left rival discounters struggling to meet their targets. Dollar General Corp. and Dollar Tree Inc. have both experienced significant drops in shares, while off-price home goods retailer Big Lots Inc. is considering a potential bankruptcy filing. In contrast, retailers like Target Corp., TJX Cos., and Ross Stores Inc. have impressed Wall Street with better-than-expected results. Walmart's ability to provide low prices and its expansion in both digital and brick-and-mortar offerings have made it the preferred choice for cost-conscious consumers. However, some investors are concerned about Walmart's high valuation compared to its peers. [Extracted from the article]

Walmart Inc. is experiencing a successful month in August, with its shares surging by 12% and adding approximately $64 billion to its market capitalization. The company's strong second-quarter earnings report, driven by price-conscious shoppers, has attracted more bargain-hunters, including wealthier consumers. This success has left rival discounters struggling to meet their targets, as evidenced by Dollar General Corp.'s recent earnings call. Walmart's ability to combine inroads in e-commerce with selective consumers has contributed to its positive performance. However, some analysts have raised concerns about Walmart's valuation, which is higher than the average for its peers. [Extracted from the article]

Chinese gaming companies Tencent Holdings Ltd. and NetEase Inc. are reevaluating their investments in Japanese studios due to a lack of successful games and the resurgence of the Chinese gaming market. NetEase has cut jobs at its Ouka studio in Tokyo and plans to shut it down. Tencent is also scaling back investments in Japan and has withdrawn funding commitments for new games. The companies have faced challenges in Japan due to a mismatch in ambition between them and local partners. However, they are not planning a complete retreat from the country and will continue to work with major Japanese names like Capcom and Bandai Namco. The success of Chinese-made games like Black Myth: Wukong has made overseas spending less attractive for Tencent and NetEase. Both companies have had success with international investments in other regions. [Extracted from the article]

Chinese gaming companies Tencent Holdings Ltd. and NetEase Inc. are reevaluating their investments in Japanese studios due to a lack of successful games and the resurgence of the Chinese gaming market. NetEase has cut jobs at its Ouka studio in Tokyo and plans to shut it down. Tencent is also scaling back investments in Japan and has withdrawn funding commitments for new games. The companies have faced challenges in Japan due to a mismatch in ambition between them and local partners. However, they are not planning a complete retreat from the country and will continue to work with major Japanese names like Capcom and Bandai Namco. The success of Chinese-made games like Black Myth: Wukong has made overseas spending less attractive for Tencent and NetEase. Both companies have had success with international investments in other regions. [Extracted from the article]

Oil prices stabilized after a 2% drop, as a report indicated a decrease in US crude stockpiles. Brent traded below $80 a barrel, while West Texas Intermediate was under $76. The American Petroleum Institute predicted a decline of 3.4 million barrels in nationwide inventories last week, which would be the eighth decline in nine weeks. However, political risk in the Middle East and a threat to supply from Libya have been countered by a bearish undertone, leading banks to lower their price forecasts for next year. [Extracted from the article]

Oil prices stabilized after a 2% drop, as a report indicated a decrease in US crude stockpiles. Brent crude reached nearly $80 a barrel, while West Texas Intermediate traded below $76. The American Petroleum Institute predicted a decline of 3.4 million barrels in nationwide inventories last week, which would be the eighth decrease in nine weeks. However, concerns about political risk in the Middle East and potential supply disruptions from Libya have been countered by a bearish sentiment, leading major banks to lower their price forecasts for next year. Additionally, pessimism about China's economic outlook and a shift towards electric vehicles have impacted fuel consumption. Traders are awaiting US economic data, including figures on growth and employment, which will provide insight into monetary policy. [Extracted from the article]

Oil prices rose slightly after a 2% drop, as a report indicated a decrease in US crude stockpiles. Brent reached nearly $80 a barrel, while West Texas Intermediate traded around $76. The American Petroleum Institute predicted a decline of 3.4 million barrels in nationwide inventories last week, which would be the eighth decrease in nine weeks. However, Wall Street banks such as Goldman Sachs and Morgan Stanley have lowered their price forecasts for next year due to political risks in the Middle East, a threat to supply from Libya, and a pessimistic outlook in China. [Extracted from the article]

The euro has been steadily gaining against the dollar in August, reaching a one-year high. However, Federal Reserve Chair Jerome Powell's cautious tone could potentially reverse this momentum. Money managers and robo-traders have been betting on the euro, but concerns about European growth and the potential for less aggressive easing by the Fed could impact the currency's fortunes. While the euro's liquidity has contributed to its gains, there hasn't been a fundamental change in the outlook for the eurozone economy. [Extracted from the article]

European equities rose on Tuesday, with the Stoxx Europe 600 Index nearing a recovery of August's losses as investors anticipated a potential interest rate cut in the US. The technology and travel sectors led the gains, while energy shares declined. The rebound in defensive sectors such as telecom and healthcare contributed to the Stoxx 600 Index's recovery. Investors are awaiting the release of US Federal Reserve minutes and a speech from Fed Chair Jerome Powell for further insight into the future of interest rates. [Extracted from the article]

Gold prices have reached a record high of over $2,500 per ounce due to expectations of interest rate cuts by the US Federal Reserve. Lower interest rates are seen as positive for gold, which does not pay interest. The precious metal has also seen increased demand as a safe haven asset amid rising geopolitical risks. Speculators have increased their bets on gold futures, and gold holdings in exchange-traded funds have risen. The Federal Reserve's decision on interest rates and the state of the US economy are still uncertain factors affecting gold prices. [Extracted from the article]

Gold has reached a record high of over $2,500 an ounce due to expectations of interest rate cuts by the US Federal Reserve. Lower interest rates are seen as positive for gold, which does not pay interest. The precious metal has also seen increased demand as a safe haven asset amid rising geopolitical risks. Analysts predict that gold prices could rise further in the coming quarters. [Extracted from the article]

Spot gold has reached a new record high of $2,500 an ounce, driven by expectations of interest rate cuts by the US Federal Reserve. The precious metal has seen a 20% increase this year due to optimism about monetary easing and increased purchases by central banks. It has also been in demand as a safe haven asset amid rising geopolitical tensions. The disappointing US housing market data has further reinforced expectations of deeper rate cuts by the Fed. [Extracted from the article]

Japanese stocks are on track for their biggest weekly gain since April 2020, as the market recovers from a recent downturn. The Nikkei 225 Stock Average and the Topix have both seen significant increases. This recovery is attributed to a better economic outlook in the US and a decline in the value of the yen. All 33 industry sub-indexes of the Topix are expected to see weekly gains. The positive performance of Wall Street and strong US economic data have also contributed to the rally. Market strategists predict that Japanese stocks will continue to rise due to improved US business confidence and the yen's current exchange rate. [Extracted from the article]

Japanese stocks are on track for their first weekly gain in over a month, as the market recovers from a recent decline. This recovery is supported by a better economic outlook in the US and a decline in the value of the yen, which is benefiting tech firms and exporters. All 33 industry sub-indexes of the Topix are set to advance for the week. The positive performance of Wall Street and strong US economic data are expected to further fuel the rally. Futures prices suggest that the Nikkei 225 Stock Average will achieve its biggest weekly gain of the year. [Extracted from the article]

Traders are increasingly betting on the Bank of England (BOE) implementing two more quarter-point interest rate cuts this year, following data that showed inflation rising less than expected. Money markets are now indicating around 50 basis points of easing by the end of the year, compared to 44 basis points previously. The likelihood of a rate cut in September has also risen to 40%. While the lower-than-expected inflation rate in July supports the case for continued easing, a strong jobs report earlier in the week adds some uncertainty. Investors are now awaiting UK GDP and retail sales data for further guidance on monetary policy. [Extracted from the article]

Japanese shares experienced gains due to hopes for lower US interest rates, although the market was affected by political uncertainty after Prime Minister Fumio Kishida announced he would not seek a second term. The Topix rose 1.1%, driven by strong performances in value stocks like bank shares. The Nikkei 225 Stock Average closed 0.6% higher. Kishida's departure was not entirely unexpected, but investors are uncertain about his replacement and the potential impact on policies. The market also responded to softer-than-expected US wholesale price data, which increased expectations of a Federal Reserve interest rate cut. [Extracted from the article]

Japanese stocks experienced fluctuations as Prime Minister Fumio Kishida announced that he would not seek a second term. The Nikkei 225 Stock Average fell 0.2% while the Topix rose 0.5%. The decision created concerns over political uncertainty, but some analysts believe that a change in leadership could increase confidence and improve policy implementation. The Topix reached a 50% Fibonacci retracement, leading to some profit taking. [Extracted from the article]

Former JPMorgan Chase & Co. chief market strategist Marko Kolanovic has reappeared on social media after leaving his role at the bank. Kolanovic, known for his accurate predictions in the past, faced criticism when his recent pessimistic views did not come to fruition. He has now posted on LinkedIn and X, expressing bearish views on various market issues. Kolanovic's departure from JPMorgan in July caused speculation among traders and strategists, with some wondering if it signaled a market top. [Extracted from the article]

Oil prices declined after a five-day rally due to concerns about weakening global demand growth and escalating tensions in the Middle East. Brent fell below $82 a barrel, while West Texas Intermediate traded around $80. Despite OPEC+ cutbacks and a rebound in equities, signs of weak consumption led OPEC to trim its demand forecasts for this year and next. The upcoming US inflation data and the International Energy Agency's outlook are expected to provide further insights into the oil market. [Extracted from the article]

Oil prices declined after a five-day rally due to concerns about weakening global demand growth and escalating tensions in the Middle East. Brent fell below $82 a barrel, while West Texas Intermediate traded around $79. The US believes that an attack by Iran on Israel is increasingly likely, but OPEC has trimmed its demand forecasts for this year and next due to signs of weak consumption. Crude prices have been supported by OPEC+ cutbacks and a rebound in equities, but there are concerns about a possible economic slowdown impacting oil demand. [Extracted from the article]

Oil prices slipped after a five-day rally due to concerns about weakening global demand growth. While tensions in the Middle East could escalate with a potential attack by Iran on Israel, OPEC has trimmed its demand forecasts for this year and next. Crude prices have been supported by OPEC+ cutbacks and a rebound in equities, but there are concerns about a possible economic slowdown that could impact oil demand. The upcoming US inflation data and the International Energy Agency's outlook will provide further insights into the market. [Extracted from the article]

The Bank of Japan (BOJ) is facing challenges in communicating its monetary policy intentions to the market. After BOJ Governor Kazuo Ueda's statement that rates were likely to rise, the yen strengthened and Japanese stocks experienced a significant decline. In response, BOJ Deputy Shinichi Uchida clarified that rate hikes were off the table for now. However, this mixed communication from the BOJ has left investors uncertain about the central bank's true intentions and has contributed to market volatility. Some investors believe that the BOJ needs to improve its communication to avoid unnecessary market swings. The recent market turbulence has reminded the BOJ of the impact its actions and words can have on the yen and global markets. While the market upheaval may delay a rate hike, it is unlikely to prevent the BOJ from raising rates in the future. The challenge of clear messaging is not unique to the BOJ, as central banks often struggle with misinterpretations of their statements or policy signals. [Extracted from the article]

Japanese stocks experienced a significant rally, with the Nikkei 225 Stock Average and Topix rebounding more than 9% after entering a bear market. This surge was driven by a weakening yen and strong performance from tech companies and automakers. Banks also saw gains, while government bond yields increased. The previous day's plunge triggered a circuit breaker for Nikkei futures, and volatility levels decreased. However, experts caution that the market remains uncertain due to global anxiety and weak economic indicators in the US. [Extracted from the article]

Asset manager Abrdn Plc experienced inflows in the first half of 2024 as it searched for a new CEO. Clients added £800 million ($1 billion) to its funds, bringing its assets under management and administration to £505.9 billion. The firm has yet to announce a permanent replacement for its former CEO, Stephen Bird, who stepped down in May. Abrdn has faced years of outflows and job cuts, and while the industry as a whole has struggled with client redemptions and squeezed margins, Abrdn's difficulties have been more pronounced. The company attributed its market performance to stronger markets in alternative investment solutions and equities, but noted underperformance in actively managed funds due to market conditions and its assets' bias toward Asia and emerging markets. [Extracted from the article]

The recent rally in the Treasury market has raised concerns about a potential recession in the US economy and the need for the Federal Reserve to aggressively cut interest rates. The surge in US government debt has led to two-year yields falling below those of the 10-year note, indicating expectations for significant rate reductions starting in September. Some economists argue that the Fed has waited too long to take action and that the yield curve, which has normalized before previous recessions, supports the case for lower rates. While bond prices stabilized after a brief inversion, traders are now pricing in multiple rate cuts in 2024. The recent increase in the unemployment rate has also raised concerns about a recession. The debate around the Fed's next steps includes predictions of rate cuts at both the September and November meetings, with the possibility of an inter-meeting cut if financial conditions tighten significantly. The global equities rout and the dissolution of a popular currency strategy have also driven investors towards the safety of sovereign bonds. Some investors have taken protective measures, such as buying Treasuries, in anticipation of further market volatility. However, there are differing opinions on the Fed's actions, with some arguing that policy is too restrictive and others cautioning against overreacting to short-term data. [Extracted from the article]

Japanese stocks rallied after experiencing a significant drop into a bear market. The Nikkei 225 Stock Average and Topix rebounded more than 10%, the most since October 2008, as exporters and banks saw gains. The market's volatile conditions triggered a circuit breaker for Nikkei futures, but charts indicated that a rebound was likely. However, despite the recent rally, Japanese stocks are expected to remain at bear market levels in the short term due to ongoing economic concerns. [Extracted from the article]

Japanese stocks experienced a significant rebound of over 10% after entering a bear market the previous day. This surge was driven by a weakening yen, which benefited exporters such as tech companies and automakers. Banks also saw gains after a sharp decline, and all 33 industry gauges climbed. While this rebound is seen as a healthy correction, experts caution that the market may still face further challenges due to weak economic indicators in the US and the rest of the world. [Extracted from the article]

The recent rally in the Treasury market is causing concern that the US economy is heading towards a recession and that the Federal Reserve will need to aggressively cut interest rates. The surge in US government debt on Monday led to two-year yields falling below 10-year yields for the first time in two years, indicating expectations for significant rate reductions starting in September. Some economists argue that the Fed has waited too long to take action and that the yield curve, which has normalized before previous recessions, supports the case for lower rates. However, bond prices stabilized later in the day, with short-term yields ending higher and the curve becoming inverted again. Traders are now pricing in at least five quarter-point Fed rate cuts in 2024, with a 16% probability of an emergency reduction before the next scheduled meeting in September. The recent rally in Treasuries was triggered by a jobs report that raised concerns about a slowing economy, and there is debate about the Fed's next steps, with some predicting a half-point cut at both the September and November meetings. The tight financial conditions and normalization of the yield curve are putting pressure on the Fed to act. [Extracted from the article]

Japanese stocks experienced a significant rebound of over 10% after entering a bear market the previous day. This surge was driven by a weakening yen, which benefited exporters such as tech companies and automakers. Banks also saw a notable increase of 10% after a sharp decline on Monday. Despite the rebound, experts predict that Japanese stocks will likely remain at bear market levels in the short term due to concerns over the US economy and weak economic indicators. [Extracted from the article]

The yen weakened against the dollar after a five-day surge, which began when the Bank of Japan raised interest rates. However, the yen later recovered some of its losses in choppy trading. The strengthening of expectations that the Federal Reserve will cut interest rates in September has provided some support for the yen, as well as the belief that rates will increase in Japan in the coming months. The unwinding of global carry trades has also boosted the Japanese currency and affected markets worldwide. The rebound in Japanese stocks has been supported by technical indicators, although the risk of further rate hikes from the Bank of Japan could limit gains. [Extracted from the article]

Japanese stocks experienced a significant rebound of over 8% after entering a bear market the previous day. This surge was driven by a weakened yen against the dollar, leading to gains for tech companies, automakers, and the banking sector. The market's volatility triggered a circuit breaker for Nikkei futures, and charts indicated that a rebound was likely. However, despite this recovery, Japanese stocks are expected to remain at bear market levels in the short term due to concerns over the US economy and weak economic indicators. [Extracted from the article]

The recent rally in the Treasury market has raised concerns about a potential recession in the US economy and the need for the Federal Reserve to cut interest rates. The surge in US government debt on Monday led to two-year yields falling below those of the 10-year note for the first time in two years, indicating expectations for significant rate reductions. Some economists argue that the Fed has waited too long to take action and that the yield curve, which has normalized before previous recessions, supports the case for lower rates. While bond prices stabilized later in the day, the market remains uncertain, with traders pricing in multiple rate cuts and debate surrounding the Fed's next steps. [Extracted from the article]

Commodities such as copper, gold, and crude oil experienced a significant decline in value due to concerns about global economic conditions and a decrease in industrial demand. This decline was prompted by negative US economic data and speculation that the Federal Reserve's monetary policy changes may not be enough to prevent a major downturn. However, some agriculture markets, like soybeans and cocoa, saw an increase in value. The price of gold, which typically benefits during economic weakness, also dropped initially but may rebound if the turmoil continues. A weaker US dollar and potential rate cuts could provide support for commodities in the future. [Extracted from the article]

The recent rally in the Treasury market has raised concerns about a potential recession in the US economy and the need for the Federal Reserve to cut interest rates. The surge in US government debt has led to two-year yields falling below those of the 10-year note, indicating expectations for significant rate reductions in September or earlier. Some economists argue that the Fed has waited too long to take action and that the yield curve, which has normalized before previous recessions, supports the case for lower rates. While data showing expansion in the US services sector has alleviated some concerns, market sentiment remains uncertain. Citigroup and JPMorgan Chase predict rate cuts at the Fed's September and November meetings, but market pricing suggests the possibility of a cut even before the next scheduled announcement. The pressure is on the Fed as financial conditions are tight and the yield curve has experienced significant normalization. [Extracted from the article]

Commodities such as copper, gold, and crude oil have experienced significant declines in their prices due to a global financial market meltdown. This has led to traders selling off profitable trades and making bearish bets on industrial raw-material markets. The selloff is a result of investors becoming cautious following negative US economic data, which has raised concerns about a potential recession. Hedge funds have also turned bearish on key commodity contracts for the first time since 2016. Despite the current turmoil, experts believe that a weaker US dollar and rate cuts could provide support for commodities in the future. [Extracted from the article]

Shares of Apple Inc.'s suppliers, including Hon Hai Precision Industry Co., Taiwan Semiconductor Manufacturing Co., Murata Manufacturing Co., LG Innotek Co., and Luxshare Precision Industry Co., slumped after Berkshire Hathaway Inc. nearly halved its stake in Apple. Berkshire Hathaway sold $75.5 billion worth of Apple stock in the second quarter, leading to a record cash pile for Warren Buffett's firm. The decline in supplier stocks came amid a broader market selloff and concerns about the timing of Apple's upcoming AI features. [Extracted from the article]

Asian traders are expecting a positive day for stocks in the region following gains on Wall Street, after Federal Reserve Chair Jerome Powell hinted at potential interest rate cuts in September. This prospect of easing by the Fed is also expected to benefit regional currencies, as it weighs on the US dollar. Market participants have varying views on the currency outlook, with some predicting gains for Asian currencies against the US dollar in the short term. Additionally, the easing outlook is expected to bolster stocks in Japan, Taiwan, and South Korea, particularly in the tech sector. [Extracted from the article]