\u200b\u200b\u200bOvernight summary<\/p>\n
\u200bGlobal equities extended their rally<\/a>, with the Dow Jones<\/a>, S&P 500<\/a>, and\u00a0Nasdaq 100<\/a> all closing at record highs and Asian markets echoing the strength. Taiwan\u2019s benchmark hit an all-time peak, Japan\u2019s\u00a0Nikkei 225<\/a> rebounded toward recent records, and solid gains were also seen across South Korea, Hong Kong, and mainland China. In Europe investors<\/a> embraced risk assets<\/a>, buoyed by optimism over central bank support.<\/p>\n \u200bAttention remains firmly on the Federal Reserve (Fed)<\/a> as markets anticipate policy easing at the 17 September meeting amid ongoing labour market weakness. While traders largely expect at least a quarter-point rate cut, the outlook hinges on inflation<\/a> data due Thursday. Strong readings could revive stagflation concerns and complicate the Fed\u2019s trajectory, though markets are currently pricing in 66 basis points (bp)<\/a> of cuts by year-end.<\/p>\n \u200bMeanwhile, commodities<\/a> reflected broader geopolitical tensions:\u00a0gold<\/a> steadied after recent record highs, crude oil<\/a>\u00a0climbed following Israel\u2019s strike on Hamas leadership, and NATO forces scrambled air defences after Russian drone attacks on Ukraine.<\/p>\n \u200bDAX 40 rejected by resistance<\/p>\n \u200bThe\u00a0DAX 40<\/a> is swiftly coming off its mid-to-late July and late August resistance area<\/a> at 23,882 – 23,978.<\/p>\n \u200bThe 4 July low at 23,703 represents a possible downside target level, provided the resistance zone continues to cap as it did last week. Further down lies Tuesday’s low at 23,634.<\/p>\n DAX 40 daily candlestick chart<\/p>\n","protected":false},"excerpt":{"rendered":"\u200b\u200b\u200bOvernight summary \u200bGlobal equities extended their rally, with the Dow Jones, S&P 500, and\u00a0Nasdaq 100 all closing at…\n","protected":false},"author":2,"featured_media":56427,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[79,18,19,17,188],"class_list":{"0":"post-56426","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-eire","10":"tag-ie","11":"tag-ireland","12":"tag-markets"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/56426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=56426"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/56426\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/56427"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=56426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=56426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=56426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}