Reuters:

In Reuters' "Morning Bid" newsletter, Editor-in-Charge of Reuters Open Interest, Anna Szymanski, analyzes key influences on U.S. and global markets. The report emphasizes the U.S. Federal Reserve's impact, particularly Chair Jerome Powell's cautionary statement regarding elevated valuations, which has introduced market uncertainty. Investors are keenly anticipating speeches from multiple Fed officials and the release of crucial economic data, including the final U.S. second-quarter GDP estimate and the PCE inflation index. Beyond the U.S., the analysis addresses global economic events such as the Swiss National Bank's decision to maintain current interest rates, modest trading activity in Asian equity markets, and fluctuations in crude oil prices.