Auto Added by WPeMatico

UBS Maintains Optimism in Markets Amid Middle East Uncertainty

Global investment bank UBS remains optimistic about market prospects despite escalating geopolitical tensions in the Middle East. While fighting between Israel and Hezbollah and missile attacks from Iran have caused…

Continue ReadingUBS Maintains Optimism in Markets Amid Middle East Uncertainty

Rising Yield Curve and Jobs Miss Add to Economic Jitters, Stocks and Bitcoin Slide

Equities kicked off Friday on a quiet note, with little movement as the latest U.S. labor market report unveiled a softer-than-anticipated addition of 142,000 jobs for August. The data only…

Continue ReadingRising Yield Curve and Jobs Miss Add to Economic Jitters, Stocks and Bitcoin Slide

Fedwatch Tool and Polymarket Indicate Strong Odds for September Rate Cut

Right now, the market is leaning towards the U.S. Federal Reserve lowering the benchmark interest rate at the Sept. 18, 2024, Federal Open Market Committee (FOMC) meeting. The CME Fedwatch…

Continue ReadingFedwatch Tool and Polymarket Indicate Strong Odds for September Rate Cut