Morning Report 04 Sep 25: Stocks and bonds rise as weak job ads fuel Fed bets
Description
Wall Street consolidated overnight, buoyed by rising hopes of interest rate cuts as signs of weakness in the job market shaped expectations. In company news, Alphabet shares surged after a court ruling on search, while Apple also gained on the back of the decision. Elsewhere, Macy’s lifted its outlook but warned of a fickle consumer. In commodities, oil eased as OPEC weighed another output hike, iron ore extended gains after Goldman Sachs lifted its price forecast, and gold hit a record high. Back home, Aussie shares are expected to rebound on Thursday after recording their steepest drop in nearly five months.
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