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Morning Bid: There are Fed weeks where decades happen
Yahoo Financeยท 2025-09-18 04:38
Group 1: Central Bank Actions - The U.S. Federal Open Market Committee implemented a 25 basis point rate cut, with only Governor Stephen Miran dissenting for a larger 50 basis point cut [2] - The Bank of Canada also cut rates, while the People's Bank of China maintained its position, and the Hong Kong Monetary Authority followed the Fed's lead [2] - The Bank of England is expected to announce its decision later, followed by the Bank of Japan [2] Group 2: Market Reactions - After a decline on Wall Street, Asian markets rebounded, with S&P 500 e-minis rising 0.5% and Nasdaq futures increasing by 0.7% [3] - European futures are also showing positive movement, with pan-region futures up 0.6%, German DAX futures gaining 0.7%, and FTSE futures increasing by 0.2% [3] - Bond markets rallied, with the yield on 10-year Treasury notes decreasing to 4.068% from 4.076% [3] Group 3: Commodity and Currency Movements - The dollar remained stable at 97.024 after recovering from a three-and-a-half-year low [4] - Gold prices fluctuated, last trading at $3,659.40 per ounce after reaching a record high [4] Group 4: Company-Specific Developments - Santos shares fell by as much as 13.6% after a consortium led by ADNOC withdrew its $18.7 billion bid due to failure to agree on commercial terms [6] - Brent crude oil prices decreased by 0.2% to $67.84 per barrel [6] Group 5: Upcoming Economic Indicators - Key corporate earnings reports are expected from Auto Trader Group, Embracer Group, and Next [6] - The UK will release GfK Consumer Confidence data for September [6] - France is set to conduct government debt auctions for various maturities [6]