▸ US stocks slide and dollar rises ahead of Wyoming central bankers’ summit
▸ Brent crude price ticks up as traders watch for Ukraine peace talks progress
▸ European stocks show muted increase with FTSE 100 up 0.2%
US stocks slipped from near-record highs and the dollar rose yesterday as traders looked ahead to this week's central bankers' symposium in Jackson Hole.
The blue-chip S&P 500 and the techheavy Nasdaq Composite were both down 0.1 per cent by lunchtime in New York. The dollar, down about 10 per cent this year against a basket of six other major currencies, was up 0.3 per cent.
The moves come as investors prepare for Thursday's annual central banking conference in Wyoming, where Federal Reserve chair Jay Powell will arrive under pressure from President Donald Trump to slash US interest rates in September.
Weak labour market data released earlier this month and a relatively benign inflation report last week have encouraged traders to increase their bets that the Fed will lower borrowing costs by a quarter-point next month. Trump has repeatedly admonished Powell for being “too late” on rate cuts.
Information
- Show
- FrequencyUpdated daily
- Published9 September 2025 at 23:00 UTC
- Length1 min
- Episode1
- RatingClean