Energy Markets
As markets prepare for Jackson Hole, the dollar drifts and Asian stocks are mixed.
Investors were preparing for three days worth of market-moving information from the Federal Reserve annual symposium at Jackson Hole. The event will begin later that day. However, traders will be focusing on Fed Chair Jerome Powell’s Friday speech as they look for clues about the possibility of a rate cut in September. The Nikkei fell 0.6% during the morning session and is now further away from its record high reached on Tuesday. Advantest was up 3%, while Tokyo Electron fell 2%, despite a tech-driven selloff overnight on Wall Street. South Korea's KOSPI rebounded by 0.9% on Thursday after hitting a...