(Bloomberg) -- The dollar inched lower versus most of its major counterparts while Asian equity futures pointed to a cautious open to trading. Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk Reduction as Woes CompoundBruised Stocks Face Week Full of Tests, From Nvidia to PowellInvestors will be focused
Investors will be focused Monday on Chinese interest rates and Beijing’s efforts to bolster the struggling economy, before attention shifts later in the week to a gathering of global central bankers at Jackson Hole, Wyoming.
US stocks gained some ground in the final minutes of Friday’s session in moves likely exacerbated by giant options expiration. But it wasn’t enough to prevent the S&P 500 ending unchanged and the Nasdaq 100 inching down. MSCI Inc.’s global equities benchmark notched its biggest weekly loss since the March meltdown of Silicon Valley Bank.
While concerns of an imminent recession are fading, wary investors are instead facing entrenched inflation and the prospect of more policy tightening. That’s put investors on edge ahead of the Jackson Hole event on Thursday and Friday, which features speakers including Federal Reserve Chair Jerome Powell and his European counterpart President Christine Lagarde.
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