Investing.com – Here are the five main issues that there be outstanding during the morning of Monday, 22 August in the financial markets.
1. Global stock markets, disparate awaiting statements Yellen in Jackson Hole
Global stock markets point to an opening unchanged in Monday morning as investors await the meeting bankers by central banks around the world, held this week and in which the president of the Fed, could shed some indication about the assumptions on interest rates.
Meanwhile, values of Europe and the UK have risen slightly toward the middle of the morning trading session, as investors remain on tenterhooks awaiting the meeting of the Federal Reserve held in Jackson Hole this week, while who continue to closely monitor oil prices.
Earlier, Asian stock closed the day lower as investors hesitant when making big bets pending claims that the Fed president Janet Yellen offered on Friday.
2. The dollar continues to rise after the aggressive statements of the Fed
The dollar has gained positions relative to other major currencies on Monday, after the Fed vice chairman, said on Sunday the US economy was about to achieve the objectives of the central bank of full employment and a 2% inflation.
the statements of Fischer have been only the last piece of aggressive rhetoric of senior officials Fed. the Fed chairmen New York and Atlanta, and last week said that rising interest rates in September is still an option.
According to the tracking tool Investing.com Fed investors believe that there is a 15% chance that a rise in interest rates occurs in September, increasing with respect to estimates of last week, which they showed only 6%. The odds of it happening in December are around 52% compared to 46% on Friday.
3. Kuroda speaks again to take action
Expectations that the Bank of Japan cut interest rates by placing them in even more negative territory in the monetary policy meeting that the month will be held next have increased following the comments of the governor, Haruhiko Kuroda.
in an interview with the Sankei Monday newspaper, Kuroda said that the policy of negative interest rates the central bank implemented this year has not reached its
limits. the dollar has risen nearly 0.5% compared to to be at the level of 100.70, pushing even more minimum eight weeks recorded last week at 99.50.
4. Oil stopped its advance over the recent suspicious spike
Oil prices have disrupted Monday a streak of seven consecutive days forward, away from highs of eight weeks, as investors have preferred accumulate the profits after the impressive rally this month, which analysts have warned that it is not justified by the fundamentals.
have been left 1.69% or 83 cents to $ 48.27 during morning trading session in New York, while has fallen by 1.89% or 97 cents to $ 49.91.
Crude oil futures have risen nearly 10 USD per barrel since early August, amid rumors that Saudi Arabia and other members of the Organization of Petroleum Exporting Countries will agree next month freeze production with non-OPEC producers, with Russia leading the way.
However, analysts have noted that the market has low expectations that OPEC will take action in this regard in its next meeting in September.
5. Gold slumps to two-week lows
Gold prices have been under great pressure Monday, two-week lows recorded since the dollar has soared amid signs that the Federal Reserve may raise interest rates already this month.
he traded at USD 1,335.40 per troy ounce, session lows and its lowest level since Aug. 9. Finally, it stood at $ 1,337.35, leaving 0.66% or 8.85 USD.
Gold is very susceptible to changes in interest rates in the United States, as a rise would increase the opportunity cost of interest-free assets such as bullion, as well as boosting the dollar, in which prices are fixed
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