- Wall Street indices rallied on Friday after Fed Chair Powell said that it is time to adjust rates during his Jackson Hole speech
- S&P 500 gained 1.15%, Dow Jones moved 1.14% higher, Nasdaq jumped 1.47% and small-cap Russell 2000 rallied over 3%
- Indices from Asia-Pacific traded mixed today - Nikkei dropped 1%, S&P/ASX 200 rallied 0.7%, Kospi declined 0.3% and Nifty 50 jumped 0.6%. Indices from China traded mixed
- European index futures point to a flat or slightly lower opening of today's cash session for major stock market indices from the Old Continent
- Oil is trading slightly higher at the beginning of a new week on Middle East tensions. Hezbollah launched a big missile attack on Israel over the weekend over killing of its senior commander in Beirut, Lebanon at the end of July
- Israel said that it has launched preemptive strikes on Hezbollah's missile launchers when it notice that the group is preparing to launch an attack
- Meanwhile, Axios reported that the latest round of Gaza ceasefire negotiations in Cairo, Egypt ended without an agreement
- Liquidity conditions during the European trading session are expected to be thinner today as UK traders are off for summer bank holiday
- Major cryptocurrencies pull back at the start of a new week - Bitcoin drops 0.7%, while Ethereum and Dogecoin drop around 1.3% each
- Precious metals trade little changed - gold trades flat, silver drops 0.4%, platinum declines 0.2%, while palladium adds 0.2%
- USD and JPY are the best performing major currencies, while AUD and NZD lag the most
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