Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
The U.S. Treasuries jumped Wednesday as investors wait to watch the Federal Open Market Committee (FOMC) member Kaplan’s speech, scheduled to be held today by 13:05GMT. Also, markets remain focussed to observe the speeches from the upcoming Jackson Hole Symposium, scheduled to be held on August 24 for detailed insight into debt trading.
The yield on the benchmark 10-year Treasury, slumped nearly 2 basis points to 2.20 percent, the super-long 30-year bond yields also plunged 2 basis points to 2.77 percent and the yield on short-term 2-year note traded steady at 1.32 percent by 12:10GMT.
In the US, along with the flash Markit PMIs for August today will bring new home sales data for July. In addition, the Treasury will sell 2Y FRNs.
This week, top central bankers including the Fed’s Yellen and ECB President Draghi will gather for the Jackson Hole economic symposium. Central bankers gather Thursday through Saturday in Wyoming and the markets focus will be on Yellen’s speech Friday morning on financial stability, while Draghi will speak Friday afternoon.
The 2017 symposium will focus on “Fostering a Dynamic Global Economy” in an annual event that gathers hundreds of central bankers, finance ministers, policymakers, academics and economists in order to exchange ideas the economic issues, implications, and policy options pertaining to the symposium topic.
Meanwhile, the S&P 500 Futures traded 0.35 percent lower at 2,444.25 by 12:10GMT, while at 12:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -31.53 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
