U.S. factory-gate prices fell in August, signaling softer-than-expected inflationary pressures and reinforcing expectations that the Federal Reserve could move to cut interest rates at its upcoming policy meeting. According to the Bureau of Labor Statistics, the producer price index (PPI) slipped by 0.1% on a monthly basis. Economists had forecast …

U.S. Stock Futures Mixed as Investors Await Key Inflation Reports U.S. stock index futures traded in mixed territory on Wednesday, stabilizing near record highs as markets digested the latest batch of corporate earnings and looked ahead to critical inflation data later in the week. At 06:00 ET (10:00 GMT), Dow …

Consumer spending momentum eases U.K. consumer spending rose 2.1% year-on-year in the four weeks ending August 29, according to Barclays’ latest U.K. Spend Trends report released on Wednesday. The figure represents a slowdown from the 2.5% growth recorded in the four weeks ending July 4, but still outpaces the longer-term …

Bitcoin slips as traders await Fed cuesBitcoin prices edged lower on Wednesday, with the cryptocurrency locked in a narrow trading band as investors weighed the outlook for U.S. interest rates ahead of crucial inflation readings. As of 02:04 ET (06:04 GMT), Bitcoin (BTC) fell 1.3% to $111,576.5, extending a period …

European shares advanced on Wednesday, tracking Wall Street’s overnight strength, as traders shifted focus toward key U.S. and Eurozone inflation releases that could shape monetary policy. At 03:15 ET (07:15 GMT), Germany’s DAX gained 0.5%, France’s CAC 40 rose 0.4%, and the U.K.’s FTSE 100 climbed 0.2%. The pan-European STOXX …

Gold steadies just below peakGold prices held close to record highs in Asian trading on Wednesday, as firm expectations of a Federal Reserve interest rate cut next week buoyed demand for the precious metal. At 02:17 ET (06:17 GMT), spot gold rose 0.5% to $3,646.14/oz, after touching an all-time peak …

Markets Await Inflation Data for Rate Cut CluesThe U.S. dollar traded largely steady on Wednesday as investors awaited a string of inflation reports that could determine the size of the Federal Reserve’s expected interest rate cut at its September 16–17 meeting. Following last week’s weak nonfarm payrolls report, markets are …

Gold steady after sharp rallyGold prices extended gains on Tuesday, trading close to all-time highs as expectations of a U.S. Federal Reserve rate cut and renewed safe-haven demand continued to support the market. At 05:05 ET (09:05 GMT), spot gold rose 0.3% to $3,648.40 an ounce, while December gold futures …

Bitcoin Recovers, but Traders Stay CautiousBitcoin traded slightly higher on Tuesday, rebounding from recent losses as markets ramped up bets on imminent U.S. interest rate cuts. The world’s largest cryptocurrency rose 0.8% to $111,812.8 by 00:51 ET (04:51 GMT), briefly pushing past the $112,000 mark. The move followed steep declines …

Markets Hold Ground Amid French Leadership Shake-UpEuropean equities were largely steady on Tuesday, with investor sentiment balancing optimism from a series of major merger deals against fresh political turbulence in France. The pan-European STOXX 600 index edged up 0.1% to 552.69 points by 07:07 GMT, supported by a 1.3% rise …