A look at the day ahead in Asian markets from Jamie McGeever. Another close in the red for Wall Street on Monday won't boost the likelihood of a rebound much either, as U.S. markets lurch to price in a 'higher for longer' Fed this year. The pick of the Asian economic data and events calendar will be the Reserve Bank of Australia's rate decision and subsequent guidance from policymakers.
Global equity markets slid and the dollar firmed on Monday after data showing a resilient U.S. jobs market suggested interest rates will stay higher for longer as central banks fight to slow inflation amid relatively strong economic growth.
* Miner Newmont (NEM) drops on Newcrest bid. * Chinese stocks fall on geopolitical jitters. By Carolina Mandl, Shubham Batra and Johann M Cherian. Feb 6 - The main U.S. stock indexes ended lower on Monday as investors shifted gears after considering the possibility that the U.S. Federal Reserve may take longer to start cutting interest rates.
* Miner Newmont (NEM) drops on Newcrest bid. * Chinese stocks fall on geopolitical jitters. * Indexes down: S&P 0.62%, Nasdaq 0.76%, Dow 0.24%, By Shubham Batra and Johann M Cherian. Feb 6 - U.S. stock indexes edged lower on Monday as investors awaited Federal Reserve Chair Jerome Powell's speech for clues on when the central bank would start cutting interest rates.
- Shares of C3.ai Inc (AI), BigBear.ai and SoundHound AI (SOUN) extended a rally on Monday as artificial intelligence becomes a new buzzword on Wall Street with the viral success of ChatGPT chatbot, attracting interest from retail punters.
Shares of C3.ai Inc (AI), BigBear.ai (BBAI) and SoundHound AI (SOUN) extended a rally on Monday as artificial intelligence becomes a new buzzword on Wall Street with the viral success of ChatGPT chatbot, attracting interest from retail punters.
* Newmont (NEM) drops on bid for Newcrest. * Chinese stocks fall on geopolitical jitters. * Indexes off: Nasdaq 1.04%, S&P 0.81%, Dow 0.53% By Shubham Batra and Johann M Cherian. Feb 6 - U.S. stock indexes edged lower on Monday with Tyson Foods (TSN) falling on disappointing quarterly results, while investors reassessed their predictions on when the U.S. Federal Reserve would start cutting rates.
* Osisko Mining (OBNNF) tanks to the bottom of TSX. * First Quantum slumps as unit suspends operations at port. * S&P/TSX composite index down 0.7% By Shristi Achar A and Shashwat Chauhan.
A look at the day ahead in U.S. and global markets from Alun John. It's the Monday after the week before, but if U.S.-based investors are hoping for a quiet day to continue digesting Friday's shock payrolls report, they will be disappointed.
- The main U.S. stock indexes ended lower on Monday as investors shifted gears after considering the possibility that the U.S. Federal Reserve may take longer to start cutting interest rates.
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