Key Points
NEW YORK (Reuters) A gauge of global stocks was poised for a second straight decline and U.S. Treasury yields fell on Tuesday, as investors attempted to assess the policy path of major central banks and the pace of slowing economic growth...
Softening economic data and recent comments from Federal Reserve officials, including Chair Jerome Powell, have heightened expectations that the U.S. central bank has ended its interest rate hiking cycle and will begin to cut rates as soon as March...
In addition, expectations have grown that the European Central Bank (ECB) could cut rates in the first quarter of 2024...
Investors got their first look at what will be a string of data on the labor market this week in the form of the Job Openings and Labor Turnover Survey, or JOLTS report, and will culminate in the governments payrolls report on Friday, which will heavily influence market views on the Feds policy steps...
In commodity trading, U.S. crude was last 0.59% lower at $72.61 a barrel while Brent crude fell 0.74% to $77.45 in choppy trading as the stronger U.S. dollar and demand concerns offset supply worries after Russia said OPEC+ was ready to deepen output cuts in the first quarter of next year...
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