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24 August 21

Amazon CEO Andy Jassy to join executives at White House cybersecurity meeting -source

Amazon (NASDAQ:AMZN) Inc Chief Executive Andy Jassy will join tech executives at a White House meeting with President Joe Biden on Wednesday to discuss efforts by private companies to improve cybersecurity, a source familiar with the matter told Reuters.
The source asked not to be identified as the information was not public.
Apple Inc (NASDAQ:AAPL) CEO Tim Cook and Microsoft Corp (NASDAQ:MSFT) Chief Executive Satya Nadella will also attend the White House cybersecurity event, Bloomberg News reported on Monday, citing sources.
The chief executives of other large tech companies, banks, energy companies and water utilities, including Alphabet (NASDAQ:GOOGL) Inc’s Google, International Business Machines (NYSE:IBM) Corp, Southern Co (NYSE:SO) and JPMorgan Chase (NYSE:JPM) have also been invited, Bloomberg said.

Dollar Up, but Moves Small as Focus Firmly on Jackson Hole

The dollar was up on Tuesday morning in Asia after its sharpest one-day fall since May 2021. However, investors kept moves small ahead of a U.S. Federal Reserve symposium that could herald the beginning of asset tapering and interest rate hikes.
The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.10% to 93.062 by 10:33 PM ET (2:33 AM GMT).
The USD/JPY pair inched up 0.04% to 109.72.
The AUD/USD pair inched up 0.02% to 0.7210 and the NZD/USD pair inched up 0.03% to 0.6892.
The USD/CNY pair inched up 0.04% to 6.4832 while the GBP/USD pair inched down 0.01% to 1.3716.
“A positive risk backdrop has pushed flows out of the dollar,” with positive analyst commentary around oil and cyclical stocks also boosting the broad mood, Pepperstone head of research Chris Weston told Reuters.
“But I wouldn’t be going short dollars just because of this… it could easily flip up going into Jackson Hole,” he added, referencing the Fed symposium that will take place from Aug. 26 to 28.

Gold Down, but Remains Above $1,800 Mark Over Fed Taper Delay Expectations

Gold was down on Tuesday morning in Asia, but remained above the $1,800 level. Hopes are also growing that the U.S. Federal Reserve could delay its planned asset tapering thanks to the continuing spread of COVID-19.
Gold futures edged down 0.17% to $1,803.25 by 12:12 AM ET (4:12 AM GMT) after rising about 1.4% during the previous session. The dollar, which normally moves inversely to gold, inched up on Tuesday after falling about 0.6% the day before.
The latest U.S. economic data released on Monday was mixed, with existing home sales at a higher-than-expected 5.99 million in July. However, August’s manufacturing purchasing managers index (PMI), Markit composite PMI and services PMI were 61.2, 55.4, and 55.2 respectively.
Further economic data to be released include the GDP for the second quarter on Thursday and the core personal consumption expenditures price index, alongside personal income and spending data, following on Friday.

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