Gold prices surged to a new record high in Asian trading, fueled by optimism surrounding recent U.S. interest rate cuts. Investors also exhibited caution ahead of a series of economic events this week, which further supported the yellow metal’s rise. Spot gold climbed 0.3% to reach a historic high of …
Read More »European Markets Slip as Investors Digest Central Bank Decisions
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 …
Read More »Gold Prices Rise as Dollar Slips After Fed Rate Cut, Markets Eye Further Reductions
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 …
Read More »German Economy Faces Potential Contraction Amid Industrial Weakness, Consumer Caution: Bundesbank Report
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 …
Read More »European Stocks Rise Following Fed’s Aggressive Rate Cut, Focus Shifts to BoE Decision
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 …
Read More »European Stocks Rise Ahead of Anticipated U.S. Rate Cut
European stocks edged higher on Tuesday, led by gains in financial shares, as markets geared up for the U.S. Federal Reserve’s expected monetary easing cycle. Investors are eyeing a potential outsized rate reduction from the U.S. central bank. The continent-wide STOXX 600 index climbed 0.6% to 518.16 points by 07:13 …
Read More »Gold Prices Dip Slightly but Hold Near Record Highs Ahead of Fed Decision
Gold prices edged lower in Asian trade on Tuesday, but remained near record highs as expectations grew for a substantial interest rate cut by the U.S. Federal Reserve later this week. The metal’s strong performance has been fueled by a weakening U.S. dollar and falling Treasury yields, driven by speculation …
Read More »European Stocks Slip as Traders Eye Fed’s Rate Decision and Key Economic Data
European shares began the week on a cautious note, with the pan-European STOXX 600 index down 0.3% as of 0710 GMT on Monday. Traders are bracing for a highly anticipated rate cut by the U.S. Federal Reserve, with many expecting a larger-than-forecast reduction. All major European markets and most sector …
Read More »Gold Hits Record High Amid Fed Rate Cut Speculation and Trump Assassination Attempt
Gold prices surged to a record high in Asian trading on Monday, driven by heightened speculation that the Federal Reserve may cut interest rates more aggressively later this week. Adding to the bullish sentiment for safe-haven assets were reports of a second assassination attempt on Republican presidential nominee Donald Trump, …
Read More »Financial Markets’ Weekly Recap: Fed’s rate cut size in focus
US dollar has ceased its upward trajectory since the release of US economic data indicating a slowdown in consumer prices. This data has reinforced expectations that the Federal Reserve is likely begin cutting interest rates at its September meeting. This data has fuelled speculation that the Federal Reserve is likely …
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