Equity markets fragile, focus on US data; negative.

From Investing.com: 2024-09-05 04:39:00

Equity markets are facing fragility ahead of the Fed meeting, with key data on US job market today. Nvidia’s troubles contribute to correction, September seasonality also negative for US markets. Market focus on ADP employment report, jobless claims, and ISM Services survey for potential rate cut hints. Dollar sees mixed performance, gains against yen. Oil prices remain under pressure due to OPEC+ production concerns; reports suggest decision postponement until December. Oil prices close to crucial $70 level.

In summary:
– Equity markets facing fragility before Fed meeting, key US job market data today
– Nvidia’s troubles contribute to correction, September seasonality unfavorable for US markets
– Market focus on ADP employment, jobless claims, and ISM Services survey for rate cut hints
– Dollar has mixed performance, gains against yen
– Oil prices under pressure on OPEC+ production concerns, close to crucial $70 level.



Read more at Investing.com: Equities Weakness Lingers as Focus Remains on US Data