Global financial markets are facing significant anxiety early Wednesday as the U.S. government shutdown begins after U.S. policymakers' failure to pass a stopgap funding bill in the U.S. Senate.
The risk complex remains slightly positive early Tuesday, as a dovish Federal Reserve (Fed) bias persists, while China’s data for September shows an improvement in activity, despite the headline official manufacturing PMI remaining in contraction.
Risk appetite remains positive early Monday after Friday's U.S. inflation data met forecasts, reinforcing a dovish outlook from the Federal Reserve.
Market sentiment remained cautious early Friday as strong United States economic data cast doubt on expectations for a dovish Federal Reserve.
Market sentiment remains cautious early Thursday due to a combination of geopolitical developments, concerns about a potential U.S. government shutdown, mixed statements from Federal Reserve officials, and updates on U.S. trade deals.
The risk complex remained subdued early Wednesday as traders awaited more clarity amid mixed data and news. Key catalysts included the U.S. September Purchasing Managers' Indices (PMIs), Federal Reserve Chairman Jerome Powell's speech, and U.S. President Donald Trump’s address at the United Nations (UN).
The week began with concerns about a potential U.S. government shutdown and uncertainty surrounding the U.S. Federal Reserve (Fed). However, strong U.S. data and optimism from Wall Street provided relief for traders. Despite this, cryptocurrencies and the U.S. Dollar slid, while Gold and equities hit record highs.
Early Monday, market sentiment is challenged by renewed doubts over the Federal Reserve’s future rate cuts, trade discussions between U.S. President Donald Trump and Chinese President Xi Jinping, upbeat U.S. economic data, and mixed geopolitical news.
Risk appetite improved on Thursday, carrying modest optimism into Friday as traders responded positively to strong U.S. employment and manufacturing data, as well as the Trump administration's plans to boost U.S. manufacturing.
On Wednesday, the United States Federal Reserve’s (Fed) expected 0.25% interest rate cut initially sparked optimism, with the “dot plot” suggesting two more rate cuts in 2025.
Market sentiment follows the usual inaction pattern ahead of the all-important Federal Open Market Committee (FOMC) monetary policy announcements, especially after the recent U.S. data came in positive.
Risk sentiment remains slightly positive as weaker U.S. data boosts expectations for a dovish Federal Reserve stance. U.S. equities reached record highs, while fears of a U.S.-China trade war eased.
