US EditionStock Markets Diverge Awaiting Nvidia Earnings
Trump's firing order for Fed Governor Lisa Cook challenges Federal Reserve independence and coincides with Nvidia's earnings, influencing U.S. Treasury yields and market risk sentiment.
- On Monday, President Donald Trump ordered the firing of Federal Reserve Governor Lisa Cook, triggering a steepening U.S. Treasury yield curve and a plunge in the U.S. dollar, with the two-year note hitting 3.654%.
- Traders have priced in a scenario where investors wager on a near-term easing cycle, with an 84% chance of a September move and more than 100 bps of easing by June.
- Options traders are pricing in about a $260 billion swing as Nvidia reports, while MSCI's broad Asia-Pacific index outside Japan rose 0.2% and spot gold was 0.23% lower.
- Prashant Newnaha warned that the Fed is in a bind as markets anticipate Trump holding the majority on the Board of Governors, potentially accelerating rate cuts.
- Tonight's Nvidia report and payroll data will shape near-term risk sentiment, with Ben Bennett saying, `I think investors are focused more on the upcoming payroll print and what that means for a September rate move.' Oil markets await new U.S. tariffs on imports from India.
20 Articles
20 Articles
Global Markets See Steady Gains Amid Anticipation of Nvidia Earnings
Global Markets See Steady Gains Amid Anticipation of Nvidia Earnings Asian markets registered modest gains on Wednesday, driven by investor anticipation ahead of a pivotal earnings report from Nvidia, a leading player in the artificial intelligence sector. Analysts are keen to discern whether the ongoing hype around AI reflects a legitimate technology surge.Meanwhile, substantial movements were observed in U.S. markets, with Boeing shares climbi…
Asia stocks steady ahead of Nvidia; investors wary over Fed independence
By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks were steady on Wednesday ahead of an earnings report from AI leader Nvidia that will shape near-term risk sentiment, while the U.S. dollar was frail as investors remained nervous about attacks on Federal Reserve autonomy. The U.S. Treasury yield curve has been steepening since President Donald Trump on Monday ordered the firing of Federal Reserve Governor Lisa Cook, an unprecedented move that c…
The New York Stock Exchange is evolving without great movement on Tuesday, showing little interest in President Donald Trump's new attack on the independence of the US central bank (Fed), against other financial markets.
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