Iran Struck US Bases in Jordan and the UAE with Missiles
Islamic Revolutionary Guard Corps (IRGC) targeted the King Hussein and Al Azraq bases in Jordan with ballistic missiles in response to Sunday's US rocket launcher strike on Larak Island; an attack was also carried out against American military assets in the UAE. The Jordanian Armed Forces announced that it shot down eight missiles entering national airspace, while US sources stated that almost all incoming missiles were intercepted. President Trump, in a statement to Fox News, said that Iran's attack would be met with a "harsh response".
Wall Street Closed the Day with Losses, Dow's 5-Day Winning Streak Ended
Dow Jones ended its five-day winning streak by closing at 53.885,10 points with a loss of %0,9 (464 points). The S&P 500 fell %0,3 to 7.711,76 points, while the Nasdaq Composite declined %0,5 to 26.402,42 points due to weak performance in artificial intelligence stocks. Rising oil prices increasing inflation risk and concerns over a potential September Fed rate hike triggered sell-offs.
Gold Declined to 4.443 Dollars
XAU/USD is trading at the 4.443 dollar level, down %0,24 for the day. Following Fed Chair Warsh's hawkish Jackson Hole stance, the strengthening dollar and rising September rate hike expectations continue to put pressure on the metal despite geopolitical tensions.
Probability of September Rate Hike Rose Above %60
According to CME FedWatch data, the probability of the Fed making a 25 basis point rate hike at its 16 September meeting rose from Friday's level of approximately %56 to %60,4. Fed funds futures investors now view the September decision as a "coin toss".
Yen in the 160 Range, Intervention Signals Continue
USD/JPY continues to trade in the 160,01-160,20 range. Strategists state that if the yen weakens further, Japanese authorities could intervene in the market again at the 161 and then 162-163 range.
Ekonomik Takvim | 31 August - 5 September 2026
🇮🇷 Throughout the Week
Possible US Counter-Response
After Trump announced that he would give a 'tough response' to Iran's attack on Jordan and the UAE, the step the US will take is poised to keep the risk to the Strait of Hormuz and regional energy infrastructure alive.
🇺🇸 Friday, September 4
US Non-Farm Payrolls (NFP)
The last major data on the labor market before the Fed's September rate decision; a surprise outcome could reprice rate hike expectations at the %60 level.
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