Mostly positive trade, as participants continue to second-guess the Fed - Newsquawk Europe Market Open

Posted on AllSides September 16th, 2024
From The Right

• APAC stocks were mostly positive but with gains capped as participants continued to second-guess the magnitude of the looming Fed rate cut, while markets in Mainland China, Taiwan and South Korea remained closed for holidays. • Money markets now price in a 67% probability of a 50bps Fed rate cut on Wednesday vs the 48% probability seen on Friday, via Reuters. • US and Japan are nearing a deal to curb chip technology exports to China, according to FT. • European equity futures are indicative of a positive cash...

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https://zerohedge.com/markets/mostly-positive-trade-participants-continue-second-guess-fed-newsquawk-europe-market-open

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