The U.S. dollar strengthened slightly on Thursday in subdued trading due to the Thanksgiving holiday, though the currency remained on track for its steepest weekly decline in four months. By 04:49 ET (09:49 GMT), the U.S. Dollar Index rose 0.1% to 99.69, with volumes muted as U.S. markets stayed closed …
Read More »European Stocks Pause After Three-Day Rally; Puma Soars on Takeover Report
European shares were largely unchanged on Thursday, with investors taking a breather after three straight sessions of gains driven by growing expectations of a U.S. Federal Reserve rate cut next month. The pan-European STOXX 600 traded flat at 574.01 points by 09:26 GMT, holding near one-week highs. Mixed Performances Across …
Read More »Bitcoin Rebounds Above $90,000 as Fed Rate-Cut Expectations Drive Renewed Buying
Bitcoin surged on Thursday, climbing back above the $90,000 level as markets sharply increased their expectations that the U.S. Federal Reserve will cut interest rates in December. The world’s largest cryptocurrency last traded 4% higher at $91,201.6 by 01:54 ET (06:54 GMT). The rebound comes after Bitcoin briefly plunged to …
Read More »Gold dips as markets lock in December Fed rate cut bets
Gold prices edged lower in Asian trade on Thursday, easing slightly after a strong week-long advance driven by mounting expectations that the U.S. Federal Reserve will cut interest rates in December. Speculation that a more dovish successor could replace Fed Chair Jerome Powell after his term ends in 2026 also …
Read More »Gold Rallies in Asia as Weak U.S. Data Boosts December Fed Rate-Cut Expectations
Gold prices climbed in Asian trading on Wednesday, supported by a softer U.S. dollar and growing conviction that the Federal Reserve will cut interest rates in December. Haven demand also remained firm despite a broader risk-on rally across global markets. Spot gold rose 0.9% to $4,166.13 an ounce, while February …
Read More »Dollar Stabilizes After Sharp Slide as Markets Bet on December Fed Rate Cut; Sterling Firms Before U.K. Budget
The U.S. dollar inched higher on Wednesday, stabilizing after its steepest daily decline in nearly three weeks, as traders continued to position for a potential interest rate cut by the Federal Reserve in December, while sterling held firm ahead of the U.K. Autumn Budget. By 03:50 ET (08:50 GMT), the …
Read More »Oil Prices Edge Higher After Hitting One-Month Low, but Oversupply Fears Cap Gains
Oil prices rose modestly on Wednesday after sliding to a one-month low in the previous session, though expectations of a growing supply glut and progress toward a Russia-Ukraine peace deal kept gains limited. Brent crude futures gained 28 cents (0.45%) to $62.76 a barrel by 07:08 GMT, while U.S. West …
Read More »Asian Stocks Rally as Fed Rate-Cut Bets Rise; Tech Leads Rebound Despite Nvidia Jitters
Most Asian equities advanced sharply on Wednesday as markets priced in a higher probability that the U.S. Federal Reserve will cut interest rates in December, with technology shares leading gains after rebounding from recent declines. Regional bourses took a positive lead from Wall Street, where a run of middling U.S. …
Read More »U.S. Retail Sales Miss Expectations in September as Consumers Show Signs of Caution
U.S. retail sales grew less than expected in September, offering a potential signal that American consumers are turning more cautious amid a weakened labor market and the lingering impact of broad import tariffs. The key gauge of consumer spending — which makes up over two-thirds of U.S. economic activity — …
Read More »European stocks steady as weak German data offsets Fed rate-cut hopes
European stock markets were broadly unchanged on Tuesday, as lingering concerns over weak regional growth offset rising expectations of a potential U.S. Federal Reserve rate cut next month. By 03:02 ET (08:02 GMT), Germany’s DAX was up 0.1%, France’s CAC 40 gained 0.2% and the U.K.’s FTSE 100 added 0.1%. …
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