Stocks, bonds face pressure ahead of Powell speech: Markets wrap

August 23, 2024

Japanese equities showed resilience while other Asian markets opened lower as investors awaited comments from Jerome Powell. US stocks experienced a selloff, with significant drops in Nvidia and Intel. Rising inflation in Japan exceeded forecasts, and the yen strengthened. Investors are closely monitoring potential economic policy changes and their impacts.

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Aluminium stocks slide as US-Iran deal eases supply fears, ends war-driven rally

Aluminium stocks tumbled up to 5% Tuesday following an interim US-Iran deal that eased supply concerns, leading to a projected further decline in prices. Analysts

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