Asia: Cautious Trade Before Jackson Hole
Asian equities eased on Tuesday as traders stayed defensive ahead of the Federal Reserve’s Jackson Hole symposium (Aug 21–23).
MSCI Asia ex-Japan: -0.2%
Nikkei 225: Hit an intraday record before closing -0.5%, dragged by SoftBank (-5%) after it announced a $2B investment in Intel.
US dollar: Held firm at ¥147.78; dollar index at 98.17 (+0.2% overnight).
Markets are pricing an 83.6% chance of a 25 bps cut in September, but remain cautious on Powell’s tone at Jackson Hole.
Europe: Optimism on Ukraine Security Talks
European futures ticked higher on optimism over progress in Ukraine–Russia peace discussions.
Euro Stoxx 50 futures: +0.3%
DAX futures: +0.2%
FTSE futures: +0.3%
Commodities & FX
Oil: WTI -0.2% to $63.29/bbl
Gold: +0.1% to $3,334.9/oz
Euro: steady at $1.1658
Investor Takeaway
Asia cautious: Equity markets are in wait-and-see mode ahead of Powell’s Jackson Hole speech.
Europe lifted: Diplomatic progress on Ukraine war underpins modest gains in futures.
Key focus this week:
Fed policy signals (Jackson Hole, Aug 21–23)
Geopolitics (Ukraine–Russia summit developments)
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