European stocks are likely to open higher on Tuesday as a two-day policy meeting of the U.S. Federal Reserve gets underway today amid expectations of a larger-than-expected rate cut.The Fed's monetary policy announcement is due on Wednesday, with the U.S. central bank widely expected to deliver a quarter point interest-rate cut following recent data showing relatively subdued inflation and a weakening labor market.According to CME Group's FedWatch Tool, there is a slim 3.6 percent chance of a half-point ra ...

A look at the day ahead in European and global markets from Rae Wee The U.S. Federal Reserve kicks off its two-day policy meeting later on Tuesday where an interest rate cut is all but priced in, at a time when the central bank faces unprecedented pressure from the White House over the direction of monetary policy. The U.S. Senate on Monday narrowly confirmed Stephen Miran to the Fed's Board of Governors, handing President Donald Trump's top economic adviser one of 12 interest rate-setting votes on the e ...

Asian stock are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and optimistic about an interest rate cut by the US Fed ahead of the Fed's monetary policy announcement on Wednesday. Traders have already factored in a rate cut by the US Fed as a "certainty." Asian markets closed mixed on Monday.With recent data showing relatively subdued inflation and a weakening labor market, the Fed is widely expected to lower interest rates by at least ...

Market Overview - The NASDAQ and S&P are on track for record highs, with Alphabet's market cap surpassing $3 trillion, needing to close at $252 to maintain this status [1] - The Select Spider Fund, which includes consumer discretionary stocks, is reaching record levels, indicating investor confidence in potential interest rate cuts by the Fed [2] Economic Outlook - The expectation of the Fed cutting rates is seen as a catalyst for economic growth, particularly benefiting consumer discretionary stocks like Amazon and Tesla [3] - Current weak job numbers are viewed positively, as they may prompt the Fed to pivot and increase liquidity, creating a favorable environment for growth [5] Sector Analysis - The consumer discretionary sector is experiencing a rotation, with a focus on stocks that are expected to perform well in the next six months [4] - JP Morgan is highlighted as a strong pick due to its leadership and anticipated increase in M&A activity and funding needs for growth [6][7] Future Projections - There is an optimistic outlook for the market, with expectations of over 20% upside potential in the broad market over the next year [8]

(Removes extraneous "as" in headline, no other change to text) By Chibuike Oguh and Sara Rossi NEW YORK/LONDON (Reuters) - An index of world equity markets edged higher in choppy trading after hitting a record high on Tuesday ahead of the widely expected start of the Federal Reserve's interest rate cutting cycle, while U.S. Treasury yields and the dollar fell. MSCI's all-country index was a shade higher by 0.04% after rising as far as 978.74, a record high. Wall Street stocks erased earlier session gain ...

Group 1: Oil Price Movements - Oil prices increased over a dollar a barrel due to concerns about potential disruptions in Russian supplies from Ukrainian drone attacks on ports and refineries [1] - Brent crude futures rose by $1.03, or 1.5%, settling at $68.47 a barrel, while U.S. West Texas Intermediate crude futures increased by $1.22, or 1.9%, to $64.52 a barrel [1] Group 2: Impact of Ukrainian Attacks - Russia's oil pipeline monopoly, Transneft, indicated that producers might need to reduce output following intensified Ukrainian drone attacks on critical export ports and refineries [2] - Analysts from JP Morgan noted that attacks on export terminals like Primorsk aim to limit Russia's oil sales abroad, potentially increasing pressure on international oil markets [3] - Goldman Sachs estimated that Ukrainian attacks have reduced Russian refining capacity by approximately 300,000 barrels per day in August and the current month [3] Group 3: U.S. Diesel Market Implications - U.S. diesel futures rose by 2.5%, indicating potential tightness in U.S. diesel markets due to the situation in Russia [4] - Analysts suggested that significant damage to Russian refineries could lead to increased demand for U.S. diesel exports, affecting market dynamics [4] Group 4: Federal Reserve and Inventory Expectations - The U.S. Federal Reserve's upcoming meeting is anticipated to result in interest rate cuts, which could stimulate the economy and boost fuel demand [5] - Analysts expect a decline in U.S. crude oil and gasoline stockpiles, while distillate inventories are likely to have risen [6]

NEW YORK: Wall Street stocks advanced on Monday with the S&P 500 and Nasdaq Composite reaching new all-time highs amid growing anticipation of a Federal Reserve interest rate cut. Investor optimism was further bolstered by positive developments from US-China economic discussions held in Madrid. The Dow Jones Industrial Average rose 0.1% to close at 45,883.45, while the broad-based S&P 500 Index gained 0.5% to finish at 6,615.28. The technology-focused Nasdaq Composite Index surged 0.9% to end the trading se ...

US stocks mostly nudged higher on Tuesday after the Senate confirmed President Trump's pick, Stephen Miran, as a Federal Reserve board governor, following another record-setting day on Wall Street. The benchmark S&P 500 (^GSPC) edged less than 0.1% higher, and the tech-heavy Nasdaq Composite (^IXIC) rose around 0.2%.The Dow Jones Industrial Average (^DJI) fell more than 0.1%. The Senate narrowly confirmed Stephen Miran, President Trump's Fed pick, in a 48-47 vote on Monday evening — a day before the cen ...

Market Overview - S&P and Nasdaq futures increased following the Senate's confirmation of Stephen Miran as a Federal Reserve board governor, coinciding with a record-setting day on Wall Street [1][2] - The Dow Jones Industrial Average futures remained mostly flat, while the S&P 500 rose by 0.2% and the Nasdaq 100 increased by 0.3% [1] Federal Reserve and Interest Rates - The Senate confirmed Stephen Miran in a narrow 48-47 vote, positioning him to influence interest rate decisions during the upcoming Federal Reserve policy meeting [2] - Miran's intention to take a leave of absence from his White House advisor role has raised concerns regarding the independence of the Federal Reserve, especially amid President Trump's efforts to dismiss Fed governor Lisa Cook [3] Stock Market Performance - On Monday, stocks rose, leading the S&P 500 and Nasdaq Composite to achieve new record highs, driven by ongoing US-China trade talks and expectations of a Federal Reserve rate cut [4] - Tesla's stock increased by 2% in premarket trading after CEO Elon Musk purchased shares for the first time since 2020, contributing to the stock's recovery from year-to-date losses [5] Economic Indicators - Investors are anticipating the latest retail sales figures, which will provide insights into consumer behavior amid persistent inflation and a fluctuating labor market [4] - There is a strong market expectation for a 25 basis-point rate cut by the Federal Reserve, with a 96% probability assigned to this outcome [5]

US stock futures climbed on Tuesday after the Senate confirmed President Trump's pick, Stephen Miran, as a Federal Reserve board governor, following another record-setting day on Wall Street. Futures attached to the Dow Jones Industrial Average (YM=F) rose just above the flatline, the benchmark S&P 500 (ES=F) edged higher 0.1%, and the tech-heavy Nasdaq 100 (NQ=F) rose 0.2%. The Senate narrowly confirmed Stephen Miran, President Trump's Fed pick , in a 48-47 vote Monday, a day before the central bank's ...