Live Updates

The dollar is soft ahead of a crucial jobs report, with an 84% chance of a rate cut in September. Meanwhile, US stocks, especially tech, show resilience amidst economic uncertainty. – vtmarketsmy.com

Germany’s CPI data is out today, with inflation expected to rise slightly to 2.1%. Core inflation remains a challenge for the ECB, impacting interest rates and currency markets significantly. – vtmarketsmy.com

Inflation data from major European countries today is expected to show persistent price pressures, keeping the European Central Bank steady. Traders are advised to capitalize on the current market stability. – vtmarketsmy.com

Asian markets are mixed, with the Federal Reserve hinting at September rate cuts. China shows strength in equities, while a dovish Fed contrasts with Japan’s slow response to inflation, presenting trading opportunities. – vtmarketsmy.com

Goldman Sachs raises its CSI 300 Index target to 4,900 after a 10% rise this month. Factors include supportive valuations and liquidity, but caution is needed due to potential profit-taking risks. – vtmarketsmy.com

China’s PMI data release this weekend could reveal weak manufacturing at 49.4, while the service sector shows slight growth at 50.3. Market reactions hinge on unexpected results, especially for the AUD. – vtmarketsmy.com

Japan’s Finance Minister Kato signals tolerance for rising interest rates, indicating possible market pressure on bond yields and implications for the Yen. Traders should prepare for volatility and potential investment opportunities. – vtmarketsmy.com

China’s National Development and Reform Commission aims to boost consumer spending amid economic weakness and heightened corporate competition. Regulatory risks may impact tech sectors, leading to potential market volatility. – vtmarketsmy.com

Vice President Vance’s announcement of ending Federal Reserve independence reshapes monetary policy, tethering it to political agendas. This volatility could disrupt markets, urging traders to adapt strategies to navigate political influences. – vtmarketsmy.com

Robust housing credit growth signals economic strength, challenging rate cut expectations and boosting the Australian dollar against the US dollar, while increasing uncertainty for the RBA’s upcoming decisions. – vtmarketsmy.com