Earlier, in New York, U.S. yields bounced when Federal Reserve Chair Jerome Powell said the policy committee was not in a hurry to cut rates, though that will unwind quickly if data due on Tuesday and through the rest of the week turns soft.
The U.S. manufacturing ISM has been parked in contractionary territory for months, even though the economy has hummed along, but focus will be intense on the employment index and the August job openings figures.
If there are signs of weakness, traders will be ramping back up bets on a 50-basis-point Fed cut for November. Current market pricing is for about a 36% chance of a 50 bp cut, according to CME FedWatch, down from 53% before Powell's remarks.
Israel's widely expected ground invasion of Lebanon appeared to be getting underway as its military said troops had begun "limited" raids against Hezbollah targets in the border area.
Oil prices climbed very slightly.
Broader trade in Asia was lightened by holidays, though with China's soaring markets shut investors pared some of the exuberance about a recovery in the world's second-biggest economy and iron ore miners in Australia, for example, fell.
Asia's factory activity weakened in September as soft Chinese demand and global economic uncertainty pointed to a challenging outlook, private surveys showed.
Shigeru Ishiba was set to be voted in by parliament as Japan's next prime minister, while upbeat retail sales data in Australia gave a slight boost to the Aussie dollar.
0 comentários:
Postar um comentário