Overview

• Futures pricing via CME FedWatch shows roughly 99.3% odds of a 25 basis-point cut at the September 16–17 meeting.
• The DAX extended its rebound to around 23,837 points, with technicians watching a move back above 24,000 and the 50-day average.
• Wall Street advanced with the S&P 500 setting a record, supported by lower Treasury yields as the 10-year fell to its lowest since early May.
• Gold traded near midweek record highs and the dollar eased, while Brent crude fell for a third straight day ahead of an OPEC+ meeting.
• Fed Chair Jerome Powell’s Jackson Hole remarks elevating the labor market’s role underscore why the jobs data could confirm or shift policy expectations.