The dollar-won exchange rate traded in the mid-1,450 won range during the New York session, driven higher by foreign investor stock outflows, with the rate closing at 1,450.20 won and peaking at 1,459.50 won in London. Key US service sector PMIs are awaited.
#YonhapInfomax #DollarWon #ExchangeRate #ForeignInvestors #KOSPI #USPMI #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=103870

Gold prices held steady in New York as investors awaited Federal Reserve Chair Jerome Powell's Jackson Hole speech, with U.S. PMI data and a stronger dollar weighing on the market.
#YonhapInfomax #GoldPrices #FederalReserve #JeromePowell #USPMI #DollarStrength #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=78118

South Korea's KOSPI opened lower as investor sentiment weakened following Trump's hints at new tariffs on semiconductors and pharmaceuticals, with major tech and biotech stocks declining.
#YonhapInfomax #KOSPI #TrumpTariffs #SamsungElectronics #InvestorSentiment #USPMI #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=75745

US Aug S&P Global Composite PMI hit 54.6 (vs 54.1 cons, 54.3 prev), while Services PMI reached 55.7 (vs 55.2 cons, 55.0 prev), signaling continued economic expansion. #USPMI #ServicesPMI #USEconomy

Later in the day, we will be monitoring the Services Purchasing Managers' Index (PMI) for January and the ISM Non-Manufacturing Purchasing Managers' Index (PMI) for January in the United States. Additionally, there is an anticipated speech from Fed member Bostic. #USPMI #ISMIndex #FedSpeech #EconomicIndicators

Manufacturing PMI, which we follow from the US, expanded to 50.3 in January, while it was expected to remain unchanged at 47.9. Services PMI, which was expected to decline in January, performed better than the previous month and expectations with 52.9 and continues to remain in the expansion zone. In Canada, no change was expected in the BoC rate decision and the rate was left unchanged at 5.00% in line with market expectations. #USPMI #BoCInterestRate #USData #ServicePMI #BoCDecision

Later in the day, we will follow developments such as US PMI and crude oil stocks data, Bank of Canada (BoC) interest rate decision, and press release... #USPMI #BoCDecision #InterestRates #FinancialUpdates #OilPrices #CrudeOilStocks #BoCPressRelease