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World shares are mixed after Fed chair Powell hints at rate cuts
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....orld shares are mixed after Fed chair Powell hints at rate cuts<BR>PTI News<BR>Dated:- 25-8-2025<BR>PTI<BR>Bangkok, Aug 25 (AP) World shares were mixed on Monday after the head of the Federal Reserve hinted that cuts to interest rates may be on the way. European markets opened lower, with Germany's DAX down 0.2 per cent at 24,305.67, while the CAC 40 in Paris lost 0.6 per cent to 7,918.34. Britai....
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....n's markets were closed for a holiday. The futures for the S&P 500 and the Dow Jones Industrial Average were down 0.2 per cent. On Friday, stocks on Wall Street rallied after Fed chair Jerome Powell said in a speech to an annual conference in Jackson Hole, Wyoming, that he's seen risks for the job market. That followed a surprisingly weak report on job growth this month that has led many traders....
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.... to expect a rate cut as soon as the Fed's next meeting in September, after months of pressure from President Donald Trump for lower rates. Lower interest rates make borrowing easier, helping to spur more investment and spending, but also potentially fueling inflation. In Asian trading, shares advanced. Hong Kong's Hang Seng index closed 1.9 per cent higher at 25,829.91, while the Shanghai Comp....
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....osite index surged 1.5 per cent to 3,883.56. It has been trading at its highest level in a decade, despite worries over higher tariffs on exports to the United States under Trump and weak domestic demand at home. Taiwan's Taiex gained 2.2 per cent as semiconductor maker TSMC Corp.'s shares advanced 3.1 per cent. Tokyo's Nikkei 225 gained 0.4 per cent to 42,807.82, with computer chip-related comp....
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....anies leading gains. The Kospi in South Korea climbed 1.3 per cent to 3,209.86. Australia's S&P/ASX 200 edged less than 0.1 per cent higher, to 8,972.40. The SET in Bangkok gained 0.7 per cent, while the Sensex in India rose 0.5 per cent. This week, Nvidia's earnings report, due Wednesday after markets on Wall Street close, is a key focus of attention. Nvidia's role as a key supplier of chips....
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.... for artificial intelligence and its heavy weighting give it outsized influence as a bellwether for the broader market. On Friday, the S&P 500 leapt 1.5 per cent for its first gain in six days, while the Dow industrials soared 1.9 per cent. The Nasdaq composite also jumped 1.9 per cent. Investors love lower interest rates, and stocks of smaller companies led gains. They can benefit more from low....
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....er interest rates because of their need to borrow money to grow. The smaller stocks in the Russell 2000 index surged 3.9 per cent for their best day since April. Still, Powell did not commit to any kind of timing. He said the job market looks OK, even if “it is a curious kind of balance” where fewer new workers are chasing after fewer new jobs. Inflation, meanwhile, still has the potential to....
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.... push higher. The yield on the 10-year Treasury fell to 4.25 per cent from 4.33 per cent late Thursday. The two-year Treasury yield, which more closely tracks expectations for Fed action, sank to 3.69 per cent from 3.79 per cent in a notable move for the bond market. Intel climbed 5.5 per cent after Trump said the chip company has agreed to give the US government a 10 per cent stake in its busin....
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....ess. Nvidia rose 1.7 per cent to trim its loss for the week. The company, whose chips are powering much of the world's move into artificial-intelligence technology, had seen its stock struggle recently amid criticism that it and other AI superstars shot too high, too fast and became too expensive. In other dealings early Monday, US benchmark crude oil gained 50 cents to USD 64.16 per barrel. Bre....
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....nt crude, the international standard, added 45 cents to USD 67.67 per barrel. The US dollar rose to 147.34 Japanese yen from 146.88 yen. The euro fell to USD 1.1696 from USD 1.1727. (AP) SKS ZH<BR> News - Press release - PIB....