US Markets wrapped up 3% lower after Fed Chair Jerome Powell expressed the Fed’s persistence in bringing down inflation
08-29 11:03uSMART

US Markets wrapped up 3% lower after Fed Chair Jerome Powell expressed the Fed’s persistence in bringing down inflation

 

US Consumer Sentiment continued to improve in August, coming in at 58.2 - above the previously reported 55.1

Affirm Holdings plunged 21% despite topping revenue expectations on the back of an underwhelming outlook

Dell Technologies sank 13% as quarterly revenue missed expectations amid continued weakness in the PC market

Workday gained 2.5% having topped Q2 revenue and earnings expectations while raising its margin guidance

EU Markets finished in the red as German consumer confidence tumbled to a record low on rising energy costs

Asia Markets were broadly higher Friday, as US and Beijing have arrived at an agreement to share audits of US-listed Chinese firms

Gold slid more than 1%, following a hawkish Fed who reiterated the need for further tightening of monetary policy  

WTI Crude Oil inched higher, trading just below $94/barrel at time of writing on expectations that OPEC+ could slash output

Today’s Earnings:

  • Catalent
  • SelectQuote

 

Economic Calendar (30 Aug 2022)

  • Euro Area Economic Sentiment (August)
  • US JOLTs Job Openings (July

 

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