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A trader works on the floor of the New York Stock Exchange (NYSE) following a Fed rate announcement, in New York City, U.S., July 27, 2022. REUTERS/Brendan McDermid A look at the day ahead in U.S. and global markets from Mike Dolan World markets calmed a bit on Wednesday after a tumultuous couple of weeks – but a focus on energy prices and U.S. employment promised more tension ahead. Wednesday’s late rally on Wall St still left the S&P500 in the red for the session but showed some sign of demand ahead of Friday’s September payrolls report and the upcoming third-quarter earnings season. But with implied volatility of U.S. stocks reflected in the VIX (.VIX) still some 10 points above long-term averages, jitters remain. Hopes the U.S. Federal Reserve may ease its foot off the monetary brake soon received a setback on Wednesday. San Francisco Fed chief Mary Daly doused talk of any early reversal of rate hikes next year: "We are going to raise rates to restrictive territory, then hold them there for a while." The strong labour market gives the Fed little room for a rethink yet. U.S. private employers stepped up hiring in September and the […]
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