{"id":461,"date":"2020-08-27T17:25:53","date_gmt":"2020-08-27T11:55:53","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=461"},"modified":"2020-08-27T17:25:53","modified_gmt":"2020-08-27T11:55:53","slug":"global-stocks-lower-ahead-of-us-fed-chairs-speech","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/global-stocks-lower-ahead-of-us-fed-chairs-speech\/","title":{"rendered":"Global stocks lower ahead of US Fed chair\u2019s speech"},"content":{"rendered":"\n<p>Global stock markets and US futures declined on Thursday as investors looked ahead to a speech by the US Federal Reserve chairman. London and Frankfurt opened lower while Tokyo, Hong Kong and Seoul declined. Shanghai advanced.<\/p>\n\n\n\n<p>Fed chairman Jerome Powell\u2019s speech is part of the US central bank\u2019s annual Jackson Hole symposium. Officials in the past have used the meeting, being held online this year, to make market-moving announcements.<\/p>\n\n\n\n<p>This year, forecasters expect Powell to talk about inflation and the importance of Congress delivering more economic aid after its last round of stimulus expired. Partisan disagreements have prevented an agreement. While the Fed keeps interest rates near zero, Powell has said Congress needs to take action. Investors, \u201cthey may be a little disappointed, Craig Erlam of Oanda said in a report.<\/p>\n\n\n\n<p>Barring fine tweaks, I don\u2019t think central banks are going to have much to offer for the foreseeable future,\u201d Erlam wrote. In early trading, the FTSE 100 in London fell 0.4% to 6,022.16 and Frankfurt\u2019s DAX declined 0.2% to 13,160.96. The CAC 40 in France shed 0.5% to 5,022.67.<\/p>\n\n\n\n<p>On Wall Street, the futures for the benchmark S&amp;P 500 index and Dow Jones Industrial Average were off 0.2%.<br>On Wednesday, the S&amp;P 500 index hit another high, closing up 1% on strong gains for tech stocks. Most other companies in the index declined. The Dow rose 0.3% and the Nasdaq composite climbed 1.7%.<\/p>\n\n\n\n<p>In Asia, the Shanghai Composite Index gained 0.6% to 3,350.11. The Nikkei 225 in Tokyo sank 0.3% to 23,208.86 and Hong Kong\u2019s Hang Seng lost 0.8% to 25,281.15. The Kospi in Seoul lost 1% to 2,344.45 while Australia\u2019s S&amp;P-ASX 200 advanced 0.2% to 6,126.20. India\u2019s Sensex gained 0.2% to 39,153.36. New Zealand, Bangkok and Jakarta gained while Singapore retreated.<\/p>\n\n\n\n<p>Markets have recovered most of this year\u2019s losses, driven by gains for big technology companies investors expect to do well despite the coronavirus pandemic. Forecasters warn, however, the rebound might be too big and too early to be sustained. The latest data show US economic activity has slowed following its initial rebound from the pandemic.<br>The Fed has been a primary reason for the stock market\u2019s return to a record.<\/p>\n\n\n\n<p>Benchmark US crude oil lost 15 cents to $43.24 per barrel in electronic trading on the New York Mercantile Exchange. The contract gained 4 cents on Wednesday to $43.39. Brent crude, which is used to price international oils, shed 5 cents to $46.11 per barrel in London. It fell 22 cents the pervious session to $45.64. The dollar rose to 106.03 Japanese yen from Wednesday\u2019s 106.00 yen. The euro edged up to $1.1839 from $1.1831.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Eqwires Research Analyst<\/strong><\/h2>\n\n\n\n<p><strong><a rel=\"noreferrer noopener\" href=\"https:\/\/www.eqwires.com\/\" target=\"_blank\">Top-notch SEBI registered research analyst<\/a><\/strong><\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/www.eqwires.com\/\" target=\"_blank\"><strong>Best SEBI registered Intraday tips provider and Best SEBI registered stock advisory company<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"mailto:info@eqwires.com\"><strong>info@eqwires.com<\/strong><\/a><\/p>\n\n\n\n<p><strong>Call: +91 9624421555 \/&nbsp;<em>+91 9624461555<\/em><\/strong><\/p>\n\n\n\n<p><strong><a href=\"http:\/\/www.eqwires.com\/\">www.eqwires.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global stock markets and US futures declined on Thursday as investors looked ahead to a speech by the US Federal Reserve chairman. London and Frankfurt opened lower while Tokyo, Hong Kong and Seoul declined. Shanghai advanced. Fed chairman Jerome Powell\u2019s speech is part of the US central bank\u2019s annual Jackson Hole symposium. Officials in the past have used the meeting, being held online this year, to make market-moving announcements. This year, forecasters expect Powell to &hellip; <a href=\"https:\/\/www.eqwires.com\/tutorials\/global-stocks-lower-ahead-of-us-fed-chairs-speech\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Global stocks lower ahead of US Fed chair\u2019s speech&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":462,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[201,172,136,138,134,164,217,139,140,106,272,266,98,72,97,184,73,268,135,137,133,104,141,161,160,159,74,210,75,158,166,228,227,103,254,102,224,257,101,105,165,76,77,78,79,247,215,216,174,80,81,99,218,82,183,168,167,170,251,83,84,85,86,87,108,88,202,155,154,273,89,100,90,91,92,93,94,95,236,255,232,231,250,96,3,260,252,248,249,107,192,220,275,223,156,157,246,238,207,177,176,175],"tags":[4,5,267,6,200,7,12,116,19,149,147,173,145,14,118,11,150,153,265,120,9,271,190,191,13,188,18,8,185,10,17,269,148,151,146,15,16,122,144,162,23,41,25,24,27,21,194,50,229,226,124,33,253,126,225,119,20,258,28,49,127,121,230,125,115,22,113,29,52,123,131,245,213,26,182,111,130,31,62,34,30,42,219,57,112,186,169,56,171,64,132,206,59,53,264,128,43,242,237,51,110,32,187,35,55,44,270,196,47,37,195,45,39,36,40,203,38,143,152,129,142,46,48,63,67,60,61,65,234,71,235,54,256,117,233,68,193,241,205,261,263,209,262,243,244,240,66,204,70,109,259,221,274,222,163,69,58,239,208,114,178,181,179,180],"class_list":["post-461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accurate-stock-tips-provider-in-india","category-best-advisory-service-provider-for-beginners","category-best-bank-nifty-future-calls","category-best-bank-nifty-options-tips-provider","category-best-bank-nifty-trading-tips-provider","category-best-equity-advisory-services-in-india","category-best-ethical-investment-advisor-in-india","category-best-index-future-services","category-best-index-options-services","category-best-intraday-call-provider","category-best-intraday-jackpot-calls","category-best-intraday-research-company","category-best-intraday-tips-for-tomorrow","category-best-intraday-tips-provider-in-india","category-best-intraday-tips-site","category-best-intraday-tips-website-in-india","category-best-investment-advisor-in-india","category-best-jackpot-tips-provider","category-best-nifty-future-calls","category-best-nifty-options-tips-provider","category-best-nifty-trading-tips-provider","category-best-options-tips-provider-in-india","category-best-options-trading-tips-provider-in-india","category-best-performing-pms-in-india","category-best-pms-in-india","category-best-portfolio-management-services-in-india","category-best-sebi-registered-advisory-company","category-best-sebi-registered-investment-advisor","category-best-sebi-registered-investment","category-best-sebi-registered-research-analyst","category-best-sebi-registered-stock-tips-provider","category-best-share-market-advisor-in-india","category-best-share-market-advisory-company-in-india","category-best-share-market-consultants-in-india","category-best-share-market-tips","category-best-share-market-tips-provider-in-india","category-best-share-tips-provider-in-india","category-best-stock-advisor","category-best-stock-market-advisory-services-in-india","category-best-stock-market-tips-provider-service","category-best-stock-tips-provider-in-india","category-business","category-commodity-market","category-currency","category-equity-market","category-equity-research-analyst","category-ethical-sebi-registered-investment-advisor","category-ethical-sebi-registered-research-analyst","category-fact-about-operator-based-calls","category-fii-based-calls","category-foreign-markets","category-free-intraday-stock-tips-for-tomorrow","category-genuine-intraday-tips-provider","category-genuine-stocks-tips-provider","category-how-can-i-make-profit-in-intraday-trading","category-how-to-earn-profit-from-intraday-trading","category-how-to-invest-in-stock-market","category-how-to-make-profit-in-intraday-trading-in-share-market","category-intraday-tips","category-intraday-trading-tips","category-intraday-trading-tips-strategies","category-investment-adviser","category-investments","category-it-industry","category-jackpot-intraday-tips","category-most-accurate-stock-tips-provider","category-most-successful-intraday-strategy","category-most-successful-intraday-tips-provider","category-most-successful-stock-advisor-in-india","category-most-successful-stock-advisors-in-india","category-news","category-nifty-intraday-trading-tips","category-nse-fo","category-operator-based-calls","category-politics","category-portfolio-management-services","category-promotions","category-sebi-registered-advisory-company","category-sebi-registered-advisory-company-in-india","category-sebi-registered-best-investment-advisory","category-sebi-registered-investment-advisor","category-sebi-registered-research-analyst","category-share-market-tips","category-stock-market","category-stock-market-basics","category-stock-market-expert-in-india","category-stock-market-tips","category-stock-market-tips-india","category-stock-tips","category-sureshot-tips-provider","category-top-10-advisory-company","category-top-10-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