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Markets Price In September Fed Cut as DAX Rebounds, Dollar Slips and Gold Nears Records

The U.S. jobs report is seen as the final cue for the Fed's decision.

Overview

  • Market pricing implies roughly 99.3% odds of a 25 basis point cut at the September 16–17 Fed meeting, according to CME FedWatch.
  • The German benchmark is in a bottoming phase, with the DAX indicated about 0.3% higher near 23,838 after a recent slide.
  • The dollar weakened while gold traded near record territory, with spot prices around $3,558 per ounce after a midweek peak near $3,578.
  • Brent crude extended a three-day decline to roughly $66.83 a barrel as attention turns to an OPEC+ gathering on potential supply changes.
  • Index changes in Frankfurt include Porsche moving to the MDax, with Scout24 and Gea promoted to the DAX.