{"id":116192,"title":"What happened overnight – Thursday 22nd August 2024","publisher":"Share Talk","author":"sharetalk","published":"2024-08-22T07:05:28+00:00","modified":"2024-08-22T07:05:28+00:00","canonical_url":"https://www.share-talk.com/what-happened-overnight-thursday-22nd-august-2024/","markdown_url":"https://www.share-talk.com/what-happened-overnight-thursday-22nd-august-2024.md","json_url":"https://www.share-talk.com/what-happened-overnight-thursday-22nd-august-2024.json","category":"B2B","categories":["B2B","Blogs","Business & Support Services","Technology","Technology, Media & Telecoms"],"tags":["Asian","Australia","china","Dow Jones Industrial Average","factory data","Hang Seng","Hong kong","Jakarta","Japan","Jerome Powell","Korean","Manila","markets","NASDAQ","Nasdaq Composite index","Nikkei 225 index","S&P 500","Seoul","shanghai","Singapore","South Korea","Stock Markets","Sydney","Taipei","Taiwan","Tokyo","US Federal Reserve","US stocks","US Treasury bonds","Wall Street","Wellington"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/08/WORLD-750x406-1.webp?fit=750%2C406&quality=80&ssl=1","format":"news","language":"en-GB","content":"European stocks appeared set for a pause as market sentiment cools ahead of crucial announcements from the Federal Reserve and the Bank of Japan.\n\nFutures for the Euro Stoxx 50 and US equities remained relatively unchanged.\n\nThe MSCI Asia Pacific Index trimmed a 0.4% gain as Japan and Hong Kong benchmarks pulled back from session highs. This followed modest gains in the S&P 500 and Nasdaq 100, fueled by growing indications that the Fed might cut interest rates.\n\nThe subdued market movements reflect a cautious tone ahead of Federal Reserve Chair Jerome Powell’s upcoming speech at the Jackson Hole economic symposium on Friday.\n\nRecent trading sessions saw an increase in expectations for a rate cut, notably after Fed minutes revealed that several officials acknowledged a plausible case for lowering rates.\n\nMeanwhile, US stocks ended the day on a positive note, gaining momentum as the session progressed. The S&P 500 rose by 0.4%, the Nasdaq increased by 0.6%, the Dow Jones edged up by 0.1%, and the Russell 2000 saw a 1.3% gain.\n\nThis occurred despite downward revisions to previous months’ US jobs data and the dovish tone in the minutes from the Federal Reserve’s July policy meeting."}