ASX slides lower as banks, energy stocks weaken

Australian stocks edge lower as share slide resumes

The local share market has kicked-off the new week on the defensive, with banks, energy stocks and the discretionary spending sector trading lower.

Dow futures rise as recession fears grow while Wall Street awaits the one thing that could derail Fed rate cuts

U.S. stocks are poised to begin the week in positive territory as futures pointed to a rally ahead of another big week. That comes as Friday’s dismal jobs report ratcheted up recession fears while also locking in odds for a rate cut later this month from the Federal Reserve. But if inflation surprises in the coming week, it could cast some doubt on the cut. Stock futures gained momentum on Sunday evening as investors brace for fresh inflation da…

ASX slides lower as banks, energy stocks weaken

The Australian sharemarket remains in the red at lunchtime with energy and financial stocks weighing on the index.

Wall Street sees September rate cut as sure thing — CPI inflation data may have a lot to say about what comes next

Stock-market bulls are counting on Federal Reserve rate cuts. Inflation data still has a lot to say about what policymakers can deliver. Article Attribution | Read More at Article Source The post Wall Street sees September rate cut as sure thing — CPI inflation data may have a lot to say about what comes next appeared first on RocketNews.

U.S. job market weakens, analysts see Fed rate cut likely in September

New U.S. labor market data has bolstered market expectations that the Federal Reserve may move to cut interest rates as early as September.

Copper Steadies After US Jobs Data Boosts Fed Rate-Cut Wagers

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