Investors are waiting for clues to take positions and there is caution in the markets

Investors are waiting for clues to take positions and there is caution in the markets

By Lawrence White.- The Actions They fell and dollar held firm on Tuesday as investors awaited minutes from the U.S. monetary policy meeting. Federal Reservewhich will be published on Wednesday, in search of clues about the timing and extent of possible interest rate cuts this year.

He gold fell from the all-time high reached on Monday and the Petroleum fell on concerns that U.S. interest rates will remain high for longer as Federal Reserve officials maintained a cautious stance on the recent easing of inflation.

Those responsible for the Federal Reserve are reluctant to end the fight against inflation. Vice President Philip Jefferson said Monday that it was It’s too early to tell if the slowdown is “lasting,” and Vice President Michael Barr said tightening policy needs more time.

The minutes of the Federal Reserve’s latest meeting, due to be released on Wednesday, could provide valuable insight into the future policy path, although the deliberations predate last week’s CPI reading.

The European benchmark STOXX 600 fell 0.4%, following an earlier 0.9% decline in MSCI’s index of Asia-Pacific shares outside Japan.

Nasdaq futures were down 0.07%, while S&P 500 futures were flat after Monday’s 0.1% rise.

Investors held off on bets ahead of chipmaker results Nvidia, which will also be published on Wednesday and are considered a litmus test of the health of the generative artificial intelligence boom.

Gold fell 0.3% to $2,417 an ounce, having touched $2,450 for the first time overnight.

The greenback held firm against its major peers, with the dollar index flat at 104.54 after recovering from a five-week low of 104.07 hit on Thursday.

The yield on 10-year Treasury bonds was little changed at 4.4276%, after rising 1.7 basis points on Monday.

Brent crude futures fell 1.16% to $82.73 per barrel, and West Texas Intermediate (WTI) crude futures fell 1.34% to $78.73.

Bitcoin rose to $71,957 and ether climbed to $3,720.80, both reaching levels not seen since April 9.

Source: Ambito

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