美国国债正朝着五个交易日以来的首次上涨迈进。交易员预计，多位美联储官员即将发表的讲话，可能 会释放出更多降息信号。 当前美债各期限收益率普遍下行，其中10年期国债收益率下跌2个基点至4.13%。此前，由于美联储官 员在上周释放出对进一步宽松政策持谨慎态度的信号，且周一的相关表态延续了这一基调，美债市场一 直承压。 鉴于周二将有多位美联储官员发表讲话——包括主席鲍威尔及政策制定者古尔斯比、鲍曼和博斯蒂克， 投资者正寻求更明确的方向信号。目前市场对美联储未来政策路径的不确定性较高，因此投资者在押注 时更倾向于选择那些即便经济出现意外波动导致降息计划受阻，仍有望获得回报的标的。 Pepperstone高级研究策略师Michael Brown表示："市场希望鲍威尔能澄清上周降息被定性为'风险管理 式'举措所引发的部分困惑。"他还补充称，早盘两年期美债的拍卖可能会被市场较好消化。 上周鲍威尔实施备受期待的降息时，将此次降息描述为一次"风险管理式"的举措，并强调需在就业市场 出现的疲软迹象与通胀上行风险之间取得平衡。 自该决定公布以来，美联储官员对未来进一步宽松的时机与可能性释放出了相互矛盾的信号。美联储官 员穆萨勒姆表 ...

Economic Outlook - The U.S. economy is projected to grow by 1.8% in 2023, an increase from the previous forecast of 1.6%, and is expected to grow by 1.5% in 2024 [1] - The global economy is expected to grow by 3.2% in 2023, up from 2.9% previously forecasted, with a stable growth forecast of 2.9% for 2024 [1] Federal Reserve Insights - U.S. rate futures indicate an 89.8% probability of a 25 basis point rate cut at the next FOMC meeting [2] - Fed officials express differing views on interest rate cuts, with some advocating for aggressive cuts to protect the labor market while others caution against further reductions due to inflation concerns [3] Stock Market Performance - Wall Street's main indexes closed higher, with the S&P 500, Dow, and Nasdaq 100 reaching new record highs [4] - Nvidia announced plans to invest up to $100 billion in OpenAI, leading to a more than 3% increase in its stock [4] - Teradyne's stock surged over 12% after a price target upgrade, while Applied Materials rose over 5% following an upgrade from Morgan Stanley [4] Economic Data and Corporate Earnings - Investors are focused on upcoming speeches from Fed officials and preliminary U.S. purchasing managers' surveys, with expectations for the September S&P Global Manufacturing PMI at 52.2 and Services PMI at 54.0 [6] - The U.S. Richmond Fed Manufacturing Index is anticipated to improve to -5 in September from -7 [7] - Micron Technology and AutoZone are set to release quarterly results today [7] European Market Developments - The Euro Stoxx 50 Index rose by 0.64% as positive PMI data supported market sentiment [8] - Eurozone's Composite PMI for September was reported at 51.2, exceeding expectations, while Manufacturing PMI was weaker at 49.5 [10] China Market Updates - China's Shanghai Composite Index closed slightly lower, with bank stocks providing some support against profit-taking in the tech sector [12] - The People's Bank of China plans to maintain liquidity and support economic recovery, while a new financing instrument is expected to direct 500 billion yuan ($70.3 billion) to stimulate investment [12]

By Chibuike Oguh and Canan Sevgili NEW YORK/LONDON (Reuters) -The U.S. dollar held steady against major peers on Tuesday as investors weighed commentary from Federal Reserve officials including Chair Jerome Powell, while the Swedish krona gained after the Riksbank delivered a hawkish 25-basis-point rate cut. The dollar was down 0.11% at 0.791 against the Swiss franc The euro was up slightly by 0.08% at $1.1812 while sterling was flat at $1.3517. Powell said the central bank needed to continue balancing ...

Group 1: Market Overview - Following last week's interest rate cut, front-month gold futures are trading at record highs, with expectations of two more rate cuts to come [1] - Increased inflation data is anticipated, which may further influence gold and mining stocks [1] Group 2: Company Performance - Newmont Corporation (NEM) shares increased by 1.7% to $83.08, reaching a three-year peak of $83.80, and have gained 123% in 2025 [2] - Pan American Silver Corp (PAAS) shares rose by 2.3% to $37.30, earlier hitting $38.16, its highest level in over four years, with an 85% increase since January [2] - Freeport-McMoRan Inc (FCX) shares were up 0.2% to $45.04, maintaining a year-over-year breakeven mark, with a 14% gain over the past nine months [3] Group 3: Options and Volatility - Options for NEM, PAAS, and FCX are considered affordable, with Schaeffer's Volatility Index (SVI) readings of 35%, 41%, and 36%, ranking in the 16th or lower annual percentile [3]

Group 1 - The Atlanta Fed president, Raphael Bostic, indicated that the risks of weaker employment outcomes have increased [1] - Elevated inflation remains a significant concern for the economy, highlighting ongoing challenges [1]

LIVE Last Updated: 1 hour ago Wall Street Fear Index Creeps Up as Investors Await Fed Speakers By George Glover Dow Set to Open Down as the Market Struggles to Find Catalysts Investors were feeling a little more on edge on Monday ahead of a slew of speeches by Federal Reserve governors, including President Donald Trump's ally Stephen Miran. The Cboe Volatility Index, or VIX, rose to 16.2 from 15.4 in early trading. The widely-followed fear gauge tracks S&P 500 options contracts, with any reading of above 20 ...

The Federal Reserve’s recent interest-rate cut may give an extra boost to the already booming ETF industry. Investors had been anticipating the Fed’s decision for some time, but analysts said certain sectors and strategies stand to gain from lower rates. One area to watch is the $7.4 trillion money market fund industry, which could become less attractive to investors if interest rates continue to drop through the rest of this year. A more risk-on environment is expected to drive assets out of money market ...

Group 1 - The Federal Reserve cut its benchmark rate by 25 basis points on September 17, marking its first rate cut of 2025, with two more cuts expected by year-end, matching the three cuts in 2024 [1] - Lower interest rates can lead to increased lending activity for traditional banks but will reduce their net interest income, making savings accounts and CDs less appealing [2] - Despite challenges for traditional banks, there are financial stocks like Upstart, Robinhood, and S&P Global that may benefit from declining interest rates [3] Group 2 - Upstart operates as a lending marketplace that uses AI to approve loans based on non-traditional data points, allowing it to approve a wider range of loans [4] - Upstart generates most of its revenue from referral fees rather than interest on loans, positioning it to benefit from increased loan applications as interest rates decline [5] - After struggling in 2022 and 2023 due to rising interest rates, Upstart's growth accelerated in 2024, and the Fed's rate cuts are expected to provide strong tailwinds for its business [6] - Analysts project Upstart's revenue and adjusted EBITDA to grow at CAGRs of 36% and 245% from 2024 to 2027, driven by declining interest rates and an increase in "super prime" borrowers [7] - Other companies like Robinhood and S&P Global are also expected to see increased activity and growth as interest rates decline [8]

Core Viewpoint - Plug Power's stock experienced significant gains due to the Federal Reserve's interest rate cut, which is seen as a positive catalyst for the company [1][3]. Group 1: Stock Performance - Plug Power's share price increased by 44.1% over the past week, while the S&P 500 and Nasdaq Composite rose by 1.2% and 2.2%, respectively [1]. - The stock has risen 91% over the last three months, indicating strong market performance [1]. Group 2: Impact of Interest Rates - The Federal Reserve's decision to cut the U.S. benchmark interest rate by a quarter of a percentage point is expected to allow Plug Power to restructure its debt and reduce interest payments [3]. - The anticipated additional rate cuts this year are likely to further benefit speculative stocks like Plug Power [3]. Group 3: Business Developments - Plug Power is forming new partnerships and expanding its hydrogen fuel-cell business, which could enhance its financial stability [4]. - The potential to refinance debt at lower interest rates may strengthen the company's financial foundation [4]. Group 4: Financial Performance - The company reported approximately 21% year-over-year revenue growth last quarter, although sales performance has been inconsistent [5]. - Despite long-term growth opportunities, the stock is considered a risky investment even in a lower interest rate environment [5].

Core Viewpoint - The online brokerage firm Robinhood is expected to benefit from the recent Federal Reserve interest rate cuts, which will likely lead to increased trading activity and revenue growth as investors shift towards riskier assets [2][3]. Group 1: Impact of Lower Interest Rates - Lower interest rates will reduce the value of idle cash, prompting investors to buy more growth stocks, dividend stocks, and cryptocurrencies on Robinhood, leading to increased trading volumes [5]. - Cryptocurrency trades on Robinhood accounted for 37% of its transaction revenue and 22% of total revenue in the first half of 2025, with significant year-over-year growth in trading revenue [6][7]. - Lower lending costs from the Fed's rate cuts are expected to spur more margin loans and active trades on Robinhood, boosting total transaction revenues [9][10]. Group 2: Subscription Growth and Revenue - Robinhood's Gold tier subscription, which offers various benefits for a monthly fee, saw a 76% year-over-year growth in subscribers, reaching 3.5 million, and subscription revenue surged 67% year-over-year to $82 million [11][12]. - The growth in Gold subscriptions could reduce the firm's dependence on more volatile trading and interest revenues [12]. Group 3: Overall Growth and Valuation - From 2020 to 2024, Robinhood doubled its funded customer base from 12.5 million to 25.2 million, with assets under custody tripling from $63 billion to $193 billion, and revenue growing at a CAGR of 32.5% [13]. - Analysts project Robinhood's revenue and adjusted EBITDA to grow at CAGRs of 22% and 30% respectively from 2024 to 2027, with an enterprise value of $108.6 billion [14]. - The recent rate cuts could drive investors to pay higher premiums for quality stocks, potentially pushing Robinhood's stock price higher despite its previous 440% rally over the past year [15].