European stock markets edged lower on Friday, consolidating the previous session’s sharp gains as investors processed policy updates from several major central banks. At 03:05 ET (07:05 GMT), Germany’s DAX fell by 0.6%, France’s CAC 40 dropped 0.3%, and the U.K.’s FTSE 100 declined 0.5%. Central Banks in Focus After …

Bitcoin’s price surged to a three-week high on Friday, driven by improved risk appetite following the Federal Reserve’s significant interest rate cut. The world’s largest cryptocurrency gained momentum, rising in tandem with broader risk-driven markets like stocks. Other cryptocurrencies also posted gains, with Bitcoin leading the rally and setting the …

British retail sales rose by a stronger-than-expected 1% in August, driven by warmer weather and end-of-season sales, according to official data released by the Office for National Statistics (ONS) on Friday. This marks a significant improvement over economists’ expectations of a 0.4% rise, as forecasted by a Reuters poll. The …

Gold prices edged higher in Asian trading on Friday, supported by a weaker dollar following the Federal Reserve’s aggressive interest rate cut. The move has bolstered optimism for more rate reductions, driving demand for the precious metal as a hedge against currency weakness and economic uncertainty. Gold Reacts to Fed’s …

The German economy could shrink again in the third quarter of 2024, as it continues to grapple with an industrial recession, weak investment, and cautious consumer spending, according to a monthly economic report from the Bundesbank released on Thursday. Germany, the largest economy in the eurozone, has already experienced negative …

Bitcoin’s price surged on Thursday following the Federal Reserve’s significant interest rate cut, which signaled the beginning of a potential easing cycle. The world’s largest cryptocurrency rose by 2.9% to $61,985 by 01:41 ET (05:41 GMT), briefly reaching a high of $62,539. Despite breaking out of the long-standing $50,000 to …

Global markets reacted strongly following the Federal Reserve’s aggressive interest rate cut of 50 basis points, setting the stage for a measured easing cycle. The move is widely seen as an attempt to guide the U.S. economy toward a soft landing after months of elevated inflation and economic uncertainty. U.S. …

European stock markets saw strong gains on Thursday, buoyed by the Federal Reserve’s aggressive rate cut and investor anticipation ahead of the Bank of England’s (BoE) policy decision. Germany’s DAX was up 0.9%,France’s CAC 40 rose 1.4%, andThe UK’s FTSE 100 climbed 0.9% as of 03:05 ET (07:05 GMT). Fed’s …

Oil prices remained relatively unchanged on Thursday, with Brent crude futures edging up by 8 cents to $73.73 a barrel, while WTI crude futures slipped by 3 cents to $70.88 a barrel as of 0015 GMT. The market’s reaction to the Federal Reserve’s half-percentage-point rate cut was muted, with concerns …

Asian stocks experienced gains in choppy trade on Thursday, spurred by optimism following an outsized 50 basis point rate cut by the Federal Reserve, though the central bank’s higher projection for neutral rates tempered the enthusiasm. Wall Street’s weak overnight close also weighed on sentiment. However, U.S. stock index futures …