Overview

• The DAX is indicated 0.6% lower at about 24,283, keeping it below the 24,500 resistance and further from July’s 24,639 record.
• The Nasdaq fell 1.5%, with Nvidia down 3.5%, Microsoft off 1.4% and Meta lower by 2.0%, pressuring European sentiment.
• Traders look to Friday’s Jackson Hole speech by Fed Chair Jerome Powell, with CME FedWatch showing strong odds of a 25bp cut on Sept. 16–17 and Fed minutes due later today.
• President Trump again criticized Powell on social media, accusing the Fed chief of hurting the housing market and touting the case for a larger rate reduction.
• SoftBank confirmed a $2 billion investment in Intel, while Bloomberg reported unconfirmed talks about a potential roughly 10% U.S. government stake in the chipmaker.