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Top 5 Things to Know in the Market on Monday
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Loading...1. Global stocks mixed with Yellen's Jackson Hole speech in focus
U.S. stock index futures pointed to a flat open on Monday morning, as investors looked ahead to this week's meeting of global central bankers in Jackson Hole, Wyoming, where Fed Chair Janet Yellen may provide insight on the rate outlook.
2. Dollar rises on more hawkish Fed comments
The dollar was higher against most of the major currencies on Monday, after Fed Vice Chair Stanley Fischer said the U.S. economy was close to hitting the central bank's targets for full employment and 2% inflation.
3. Kuroda talks up action again
Expectations that the Bank of Japan would cut interest rates deeper into negative territory at next month's policy meeting.
4. Oil snaps win-streak amid doubts over recent rally
Oil prices snapped a seven-session win streak on Monday, easing off eight-week highs as investors chose to cash in their gains following this month's impressive rally, which analysts warned was not justified by fundamentals.
5. Gold sinks to 2-week lows
Gold prices were under pressure on Monday, falling to a two-week low as the U.S. dollar rallied amid indications the Federal Reserve could raise interest rates as early as next month.
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