\n A quarter-point cut is widely expected at Wednesday’s Fed decision.\n <\/p>\n
by\u202fAndre Janse van Vuuren and Julien Ponthus\u00a0<\/p>\n
Stocks climbed to fresh all-time highs, with traders set for a final read on the American consumer a day before the Federal Reserve\u2019s widely expected first interest-rate cut of the year.\u00a0<\/p>\n
US stock futures edged higher after the S&P 500 powered through the 6,600 mark on Monday. MSCI\u2019s gauge for Asian shares hit a record and is poised for its best streak in nearly five years. Europe\u2019s benchmark index fell 0.3%, led by losses in the insurance and telecoms sectors.\u00a0<\/p>\n
Traders to look out for US retail sales data.\u00a0<\/p>\n
Gold closed in on $3,700 an ounce as the metal extended its record rally, fueled by expectations of as many as four quarter-point Fed cuts by January. The dollar retreated against all major currencies to the lowest since July. Treasuries advanced, with the 10-year rate falling one basis point to 4.03%.\u00a0<\/p>\n
Ahead of the Fed\u2019s rate call, retail sales for August are forecast to show a 0.2% increase, following stronger advances in the previous two months. With the jobs market softening and prices rising, questions remain over how long consumers will keep spending freely.\u00a0<\/p>\n
Chris Weston, head of research at Pepperstone Group, said it will likely take \u201can outsized surprise in retail sales\u201d to significantly change the outlook on risk.\u00a0<\/p>\n
A quarter-point cut is widely expected at Wednesday\u2019s Fed decision, with some chance of a half-point move as signs of rapidly slowing job growth emerge. Markets largely anticipate that labor concerns will take priority, with policymakers likely to strike a\u202fdovish tone.\u00a0<\/p>\n
\u201cWe\u2019re sticking to our risk-on call as we see monetary easing shifting from Europe to the US as a positive trend,\u201d said Mabrouk Chetouane, head of global market strategy at Natixis Global Asset Management. \u201cThe upcoming Fed rate cuts will bring some oxygen to the market and so far the US tariffs have not fueled inflation, which remains contained.\u201d\u00a0<\/p>\n
In other Fed news, a US appeals court\u202fblocked\u202fthe president from removing Governor Lisa Cook from her post while her lawsuit challenging the dismissal proceeds. Also, Trump\u2019s economic adviser Stephen Miran is on his way to joining the central bank\u2019s\u202fboard\u202fafter the Senate confirmed him to the post.\u00a0<\/p>\n
\n\tPresident Donald Trump\u202fsaid he\u2019s filing a $15 billion defamation and libel lawsuit against The New York Times, accusing the paper of serving as a \u201cmouthpiece\u201d for the Democrats.\u00a0
\n\tBNP Paribas SA raised key return and capital targets as Chief Executive Officer Jean-Laurent Bonnafe overhauls the French lender\u2019s domestic network ahead of a new strategic plan.\u00a0
\n\tHesai Group,\u202fthe world\u2019s largest maker of lidar sensors used in cars, rose in its Hong Kong trading debut after its HK$4.2 billion ($535 million) listing in the city.\u00a0
\n\tTencent Holdings Ltd.\u202fis considering raising about 8 billion yuan ($1.1 billion) in its first bond sale in four years, according to people familiar with the matter.\u00a0
\n\tAlphabet Inc.\u202fon Monday joined an elite group of companies valued at more than $3 trillion, the latest sign of improving investor sentiment toward the Google parent.\u00a0
\n\tAnglo American Plc\u202fsigned an agreement with Chile\u2019s state copper company Codelco to jointly develop their adjacent mines near Santiago in a bid to boost production without major investments.\u00a0
\n\tUnilever Plc\u202fappointed Srinivas Phatak as its chief financial officer, replacing Fernando Fernandez who was promoted to chief executive officer following a board reshuffle.\u00a0
\n\tVerisure,\u202fthe alarm company owned by Hellman & Friedman, is considering launching an initial public offering in Stockholm as soon as this week, according to people familiar with the matter, kicking off what could be Europe\u2019s largest IPO in three years.\u00a0
<\/p>\n
Some of the main moves in markets:\u00a0<\/p>\n
\n\tThe Stoxx Europe 600 fell 0.3% as of 8:31 a.m. London time\u00a0
\n\tS&P 500 futures were little changed\u00a0
\n\tNasdaq 100 futures rose 0.2%\u00a0
\n\tFutures on the Dow Jones Industrial Average were little changed\u00a0
\n\tThe MSCI Asia Pacific Index rose 0.7%\u00a0
\n\tThe MSCI Emerging Markets Index rose 0.8%\u00a0
<\/p>\n
Currencies\u00a0<\/p>\n
\n\tThe Bloomberg Dollar Spot Index fell 0.2%\u00a0
\n\tThe euro rose 0.3% to $1.1799\u00a0
\n\tThe Japanese yen rose 0.5% to 146.70 per dollar\u00a0
\n\tThe offshore yuan rose 0.1% to 7.1111 per dollar\u00a0
\n\tThe British pound rose 0.3% to $1.3642\u00a0
<\/p>\n
Cryptocurrencies\u00a0<\/p>\n
\n\tBitcoin rose 0.4% to $115,840.58\u00a0
\n\tEther was little changed at $4,510.85\u00a0
<\/p>\n
Bonds\u00a0<\/p>\n
\n\tThe yield on 10-year Treasuries declined one basis point to 4.03%\u00a0
\n\tGermany\u2019s 10-year yield was little changed at 2.69%\u00a0
\n\tBritain\u2019s 10-year yield was little changed at 4.64%\u00a0
<\/p>\n
Commodities\u00a0<\/p>\n
\n\tBrent crude fell 0.3% to $67.23 a barrel\u00a0
\n\tSpot gold rose 0.3% to $3,691.53 an ounce\u00a0
<\/p>\n
This story was produced with the assistance of Bloomberg Automation.\u00a0<\/p>\n
\u00a9\u202f2025\u202fBloomberg L.P.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"A quarter-point cut is widely expected at Wednesday’s Fed decision. by\u202fAndre Janse van Vuuren and Julien Ponthus\u00a0 Stocks…\n","protected":false},"author":2,"featured_media":19772,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[114,85,46,190],"class_list":["post-19771","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-il","tag-israel","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/19771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=19771"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/19771\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/19772"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=19771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=19771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=19771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}