Jerome Powell's Jackson Hole speech in focus
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Australia, China lead gains in mixed Asia trading; U.S. futures steady ahead of Jackson Hole
Asia shares trade mixed on Thursday, as tech shares stabilized from their recent losses. Australian markets hit record highs, driven by strong business activity data for August. On the geopolitical front,
India's equity benchmarks are set to open little changed on Thursday, following a five-session rally driven by tax-cut hopes, as investors await the Federal Reserve's annual symposium for rate trajectory cues.
The stock market is heading into a catalyst-filled week as Fed Chair Jerome Powell gets ready to speak at Jackson Hole and big retailers report earnings.
Long-term Japanese government bond yields were little changed ahead of the country’s consumer inflation data due Friday.
Stocks start the week just shy of record highs, underpinned by a well-received corporate earnings season and hopes the Federal Reserve will soon start reducing official borrowing costs again. Investors are therefore keen that Friday’s keynote address by Fed Chair Jerome Powell at the Jackson Hole symposium will be suitably dovish.
The U.S. dollar was little changed on Wednesday as traders awaited a speech from Federal Reserve Chair Jerome Powell at the annual Jackson Hole central bankers' symposium later this week for clues on the path of monetary policy.