\u200b\u200b\u200bAsia steady, Europe inches higher<\/p>\n
\u200bAsia opened on a cautious note, with regional equities broadly flat and oil softer as traders balanced promising diplomatic signals on Russia-Ukraine with the run-up to Jackson Hole.<\/p>\n
\u200bEuropean equity markets opened modestly higher after President Zelensky said security guarantees for Ukraine could be agreed within 10 days following talks with President Trump and European leaders, while Washington is working to arrange a Putin-Zelensky meeting and a subsequent trilateral summit.<\/p>\n
\u200bJapan cools off, FX steadies ahead of Fed<\/p>\n
\u200bIn Japan, the\u00a0Nikkei 225<\/a> printed a fresh intraday record before easing to -0.3%, dragged by a 2.5% fall in\u00a0SoftBank<\/a> after it disclosed a $2bn stake in Intel<\/a>. The MSCI Asia ex-Japan index dipped 0.1% after a mild pullback on Wall Street.<\/p>\n \u200bThe\u00a0US dollar<\/a> held most of Monday\u2019s gains ahead of the Fed\u2019s 21-23 August Jackson Hole symposium:\u00a0USD\/JPY<\/a> edged down 0.2% to 147.60,\u00a0EUR\/USD<\/a> was steady at 1.1670, and the US Dollar Basket dipped -0.1% after a 0.2% rise in the prior session.<\/p>\n \u200bRates watch: Jackson Hole is the swing factor<\/p>\n \u200bRates remain the week\u2019s main macro swing factor. Money markets put the odds of a 25 basis point Federal Reserve (Fed) cut on 17 September at 83.6%, leaving risk assets sensitive to Chair Powell\u2019s guidance on the outlook and policy framework; a clearly less-dovish tone would challenge the current setup.<\/p>\n \u200bCommodities: crude eases, gold firms<\/p>\n \u200bCommodities<\/a> softened on hopes of progress toward a Ukraine settlement that could lift sanctions on Russian crude.\u00a0Brent crude oil<\/a> dipped -0.4% and\u00a0WTI crude oil<\/a> -0.6%.\u00a0Spot gold<\/a> firmed 0.1% to $3,336.51\/oz.\u200b\u200b\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"\u200b\u200b\u200bAsia steady, Europe inches higher \u200bAsia opened on a cautious note, with regional equities broadly flat and oil…\n","protected":false},"author":2,"featured_media":356576,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[51,2441,16,15],"class_list":{"0":"post-356575","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-markets","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115054994201140336","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/356575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=356575"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/356575\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/356576"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=356575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=356575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=356575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}