Oddbean

Commodities fall, stocks nervy ahead of Fed, BOJ rate decisions ========== Oil hits lowest since early June; concern about economic outlook dents commodities; bonds, currencies, and stocks trade cautiously ahead of central bank decisions and major corporate earnings reports; Brent crude futures fall to $79.34 a barrel; copper and iron ore prices fall; zinc and aluminium slip to multi-month lows; U.S. stock futures rise 0.2%; MSCI All-World index flat; London's FTSE 100 worst-performing index; German economy unexpectedly contracts in Q2; German 10-year Bund yields steady; Japanese government bond yields edge lower; U.S. Treasury yields ease; markets price almost no chance of U.S. rate cut this week; markets price 60% chance of 10-basis-point rate hike by Bank of Japan; dollar and yen drift; euro edges up to $1.0833; Microsoft and AMD to report earnings; preliminary CPI data due in Germany and Spain; Australian inflation data to be released on Wednesday; Bank of England priced for roughly even chance of rate cut at policy meeting on Thursday; gold prices edge higher as investors await Fed's commentary on monetary policy and U.S. economic data; pound holds steady against dollar ahead of Bank of England's interest rate decision #Commodities #Stocks #CentralBankDecisions #Oil #Copper #IronOre #BrentCrude #MsciAllworldIndex #Ftse100 #GermanEconomy #German10yearBundYields #JapaneseGovernmentBondYields #UsTreasuryYields #UsRateCut #BankOfJapan #Dollar #Yen #Euro #Microsoft #Amd #CpiData #AustralianInflationData #BankOfEngland #GoldPrices #Pound https://www.kitco.com/news/off-the-wire/2024-07-30/commodities-fall-stocks-nervy-ahead-fed-boj-rate-decisions