J.P. Morgan Asset Management: Bullish on U.S., Japanese, and emerging market equities; Fed may hold rates steady this year

J.P. Morgan Asset Management expects the Federal Reserve to hold rates steady this year, cut rates once in the second half of next year, and remains positive on U.S., Japanese, and emerging market equities as well as U.S. high-yield bonds. It holds a neutral stance on European equities, citing downside risks to the region’s economic growth.

Zhitong Finance21:20

Gold prices face multiple tests amid geopolitical tensions and the congressional hearing window.

During the European and U.S. trading sessions on Monday (July 13), spot gold continued to retrace, moving within a daily range-bound pattern, and was down 1.35% to trade around 4,063. Escalating U.S.-Iran tensions weighed on gold prices, while long positions remained cautious ahead of a highly anticipated congressional hearing with the Federal Reserve scheduled for Tuesday. Later, Trump warned that the U.S. government could face another shutdown in October—a scenario widely perceived as detrimental to employment, offering modest support to gold prices. Over the weekend, the U.S. and Iran engaged in a new round of missile and drone exchanges, with Iran striking U.S. military positions in the Gulf and signaling its intent to blockade the Strait of Hormuz, driving international oil prices up nearly 3% in a single day. Rising energy prices have once again triggered

FX678 Finance21:11

U.S. Market Preview | Iran: Strait of Hormuz remains closed; memorandum with the U.S. has entered a 'crisis' phase; WTI crude oil rises over 3%. Jensen Huang personally attended NVIDIA’s roadshow at Morgan Stanley; Rubin Ultra confirmed for shipment next

Volatility in South Korea's stock market has reached its highest level since the 1998 Asian financial crisis; emerging market funds are reducing concentrated positions in the 'AI Big Three,' bringing Chinese tech stocks and other opportunities into focus.

Futu News19:57

Waller’s congressional debut is imminent, and Wall Street is calling on him: you may withhold guidance on the interest rate path, but please clarify your outlook on the economy.

Since taking office, Federal Reserve Chair Kevin Warsh has acted with extreme caution to avoid signaling the direction of interest rates, but in doing so has obscured another piece of information critical to investors, analysts, and other policymakers alike—how he would respond to economic challenges.

Zhitong Finance19:34

A Three-Pronged Fed Overhaul? Bowman Eases Wall Street Regulations, Waller Reforms Regional Fed Banks, and Warsh Rewrites the Monetary Policy Framework

The Federal Reserve's top banking regulator warned the Financial Stability Board against enforcing 'rigid rules' that do not apply uniformly across different countries, stating that such measures could undermine the effectiveness of international regulatory bodies.

Zhitong Finance19:10

Fed Chair Nominee Waller Faces First Congressional Test: Will 'Less Talk, More Action' Work? Inflation and Independence Take Center Stage in Questioning

The Federal Reserve had already submitted this official report to Congress in advance last Friday (July 10), in which policymakers explicitly reaffirmed the Fed's resolute stance—'the Committee will achieve price stability'—pledging to bring inflation back to its 2% target level.

Zhitong Finance18:44