Equities Like To Go Up But Hesitating In Front Of Jerome Powell

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 The world's major stock indexes saw a rise from the red zone, but gains were held as investors awaited the United States (US) Federal Reserve (Fed) announcement at the Jackson Hole Symposium over the weekend.


Investors are understood to continue to puzzle over the expected increase in interest rates that Jerome Powell will implement in order to control inflation despite the new data being somewhat mixed.


Adam Philips of EP Wealth Advisors argued, the market will remain in a flat pattern for the next few days until Powell delivers his speech.


On those factors, Wall Street showed the Dow Jones Industrial rose 0.18% while the S&P 500 reached 0.29% and the Nasdaq Composite added 0.41%.



In the European zone, the STOXX 600 index closed 0.16% higher and MSCI's gauge of worldwide shares was flat at 0.02%.


The Asian region showed Japan's Nikkei jumped 0.34%, Topix rose 0.22% while South Korea's Kospi added 0.56% and Kosdaq reached 0.49%.


Meanwhile, currency flows saw the dollar index strengthen to 108.6 while the Euro edged up a slight 0.05% from a 2-decade low of $0.9972.


US Treasury yields also rose to hit multi-week highs on mixed economic data leaving the 10-year note up 3% at 3.126%.


As for commodities, oil traded higher in a less volatile market as US crude oil futures traded up $1.15 at $94.89 and Brent reached $1 at $101.22.


Meanwhile, US gold futures were flat at $1,761.50 an ounce.

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