US Markets in Reverse Mode Before Jackson Hole - DAX not Moving - PMI Data for Germany, Eurozone, and UK Indicates Cooling Economy - Defense Stocks Make a Comeback - oil Prices Rise - AppLovin Impresses with Strong Figures - Analog Devices Surprises with Strong Quarterly Comeback
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Powell in focus – US markets reverse ahead of Jackson Hole After recent records, US markets are retreating on Thursday. Before the start of the central bank meeting in Jackson Hole , the leading indices are losing ground moderately, while investors eagerly await the speech of Fed Chair Jerome Powell on Friday. A rate cut of 0.25 percentage points in September is already priced into the markets; however, Powell's signaling regarding the future monetary policy direction will be crucial. Rate cut bet loses conviction In the futures markets,...
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