Good morning and welcome to Markets Desk.
Futures are pointing to a cautious open on Wall Street after Kevin Warsh's comments at Jackson Hole raised the probability of another rate hike. Investors are now recalibrating rate expectations ahead of fresh labor data and major tech earnings this week, keeping index futures essentially flat heading into Monday's session.
Turning to equities, IREN took a sharp hit last week, but analysts are flagging the selloff as potentially overdone. The company's AI data center infrastructure is drawing serious corporate interest, and with demand for high-performance compute continuing to accelerate, the dip may be attracting buyers looking for entry points in the AI infrastructure buildout.
Meanwhile, South Korean markets are bracing for a rough open Monday after the KOSPI snapped a three-day winning streak on Friday, giving back ground just below the six thousand seven hundred ninety level. The index had surged more than two hundred fifteen points, or three point two percent, across that run, so some consolidation was arguably overdue, though sentiment remains fragile heading into the new week.
That's the tape. Markets Desk, signing off the floor.
