Market Movements and Federal Insights: Navigating an Eventful Week

Asian markets rose on Monday anticipating a critical week for U.S. interest rate policy. Oil prices dropped as risks to Russian supplies declined. Eyes are on the Federal Reserve's Jackson Hole symposium, where Chair Jerome Powell will discuss economic outlooks, impacting global markets through potential rate change signals.

As the week commenced, Asian markets showed an upward trend, preparing for significant shifts in U.S. interest rate policy. Meanwhile, oil prices dropped, easing concerns over potential disruptions in Russian supplies.

The focus now turns to the Kansas City Federal Reserve's Jackson Hole symposium, scheduled from August 21-23. Federal Reserve Chair Jerome Powell is expected to address the central bank's policy framework, with experts suggesting he may indicate a balance in employment and inflation risks.

While Powell is not expected to announce a rate reduction in September, markets anticipate a quarter-point cut, with further easing possible by December. This backdrop has buoyed global stock markets, with Japan's Nikkei reaching record highs and U.S. futures also seeing gains.

(With inputs from agencies.)