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The S&P 500 rose on Tuesday, while the Dow Jones hit a record high. Both await Nvidia's quarterly report and upcoming economic data later this week.
On Tuesday, the yen fell from a three-week high as carry trades unwound aggressively. Strategists warn the unwinding might not be over yet.
Gold hovered near last week's peak, driven by fund inflows and rate-cut hopes after Powell's dovish Jackson Hole speech.
The ASX 200 rose 5.8% this year, underperforming major markets as China’s weak demand for raw materials impacts a key revenue source for Australia.
Oil prices remained steady but are expected to drop this week due to weaker US employment data and reduced supply concerns from Gaza ceasefire talks.
US shares stalled Wednesday after a rebound neared record highs. They've been volatile this month after a surprisingly weak NFP report.
Japan's market fell below 38,000 as risk sentiment ebbed. Foreign investors sold futures but bought cash equities, showing sustained confidence.
The Norwegian krone, one of the worst-performing top 10 currencies this year, hit record lows against the US dollar and euro on Tuesday.
Gold retreated from its $2,500 high on Monday but remained strong, bolstered by hopes of a Fed rate cut at the next meeting.
The euro held steady on Friday, near its highest this year. The Fed is expected to ease aggressively, possibly with a half-point cut in September.
Oil prices rose on Thursday, recovering some losses amid hopes for Fed rate cuts, though concerns over slow global demand capped gains.
After three years of rising prices, Americans got good news as the June CPI eased to 3% thanks to falling gas and car prices.
US indexes closed higher Tuesday, hitting a near two-week high after softer producer price data boosted expectations of a Fed rate cut in September.
Gold retreated from early August highs on Tuesday, but inflows may keep it strong ahead of US inflation data. Recent volatility has shocked markets.
