Jerome Powell opens the door to interest rate cuts
Description
Global markets have rallied following Federal Reserve Chairman Jerome Powell's dovish speech on Friday that opened the door to interest rate cuts. In response, stocks, bonds, gold, and crypto assets surged, while the US dollar has fallen. Asian equity markets are following Wall Street this morning, led by shares in Hong Kong. The US government will acquire a 9.9% stake in Intel. Looking ahead to the week, key events include Nvidia's earnings report on Wednesday after the market close, as well as crucial inflation data releases on both sides of the Atlantic on Friday. According to Mensur Pocinci, Head of Technical Analysis Research, market breadth indicators in the US and Europe suggest further stock market gains are likely through to the end of the year.
- (00:00 ) - Introduction: Bernadette Anderko, Product & Investment Content
- (00:28 ) - Markets wrap-up: Mike Rauber, Product & Investment Content
- (06:20 ) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis
- (09:55 ) - Closing remarks: Bernadette Anderko, Product & Investment Content
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