Global Markets Show Mixed Signals Post-Powell's Dovish Jackson Hole Speech

World markets display divergent sentiment following Friday's rally triggered by Fed Chair Powell's surprisingly dovish Jackson Hole address. Asian markets opened mixed Monday, with Japan's Nikkei up 0.4% while China's Shanghai Composite fell 0.3%. European futures point to a cautious open as traders digest the Fed's policy shift implications. The dollar weakness persisted, with the DXY holding near Friday's lows at 101.20. Risk-sensitive currencies like AUD/USD (+0.5% to 0.6780) and NZD/USD (+0.4% to 0.6220) benefited from improved risk appetite. However, uncertainty remains regarding the pace and magnitude of Fed cuts, creating a tug-of-war between bulls and bears. Safe-haven flows show JPY strength with USD/JPY down to 144.50. Market positioning suggests traders are awaiting this week's US PCE inflation data for further direction, with volatility likely to increase as summer trading winds down.