Author Archive

Holly Ellyatt@HollyEllyatt

LONDON — European stocks are expected to open higher Thursday as investors digest cooler-than-expected inflation readings in the U.S and U.K.

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Gold prices inched up on Thursday after a 1% decline in the previous session following inflation data that dampened hopes for a larger September U.S. rate cut, while the focus shifted to retail sales data.

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Lim Hui Jie

Key Points

• Japan’s second-quarter gross domestic product beat market expectations on a quarter-on-quarter basis, climbing 0.8% compared to forecasts of a 0.5% rise from economists polled by Reuters.
• U.S. consumer prices increased 2.9% year over year, down from 3% in June and the lowest reading since March 2021, the Bureau of Labor Statistics said on Wednesday. Month-over-month, prices ticked up 0.2%.

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Jenni Reid & Holly Ellyatt@HollyEllyatt

LONDON — European stocks opened higher Tuesday, regaining some positive momentum after last week’s volatility.

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Gold prices eased on Tuesday as profit-taking kicked in after bullion hit a more than one-week high, while market players awaited key U.S. inflation data that could provide further insight into the Federal Reserve’s next policy decision.

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Charmaine Jacob@in/charmainemariajacob@charmainemjacob

Key Points

• Asia-Pacific markets were mixed, after a choppy session overnight in the U.S. as investors awaited key inflation data.
• U.S. consumer price index for July, a key indicator of the health of the U.S. economy, will be released Wednesday.
• Over in Asia, investors assessed Japan’s producer price index data and Singapore’s second-quarter GDP growth numbers.

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Holly Ellyatt@HollyEllyatt

LONDON — European stocks are expected to rally at the start of the new trading week, with global markets keeping a close eye on U.S. inflation data out Wednesday.

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Gold prices struggled for momentum on Monday as investors looked forward to a key inflation report that could shed more light on the U.S. central bank’s next policy move.

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Dylan Butts@in/dylan-b-7a451a107

Key Points

• Asia-Pacific markets are mostly higher on Monday after a roller-coaster week that saw steep sell-offs followed by a sharp recovery, especially in Japan stocks.
• Traders will assess inflation and industrial output data from India due later in the day.

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Sophie Kiderlin@in/sophie-kiderlin-b327b914a/@SKiderlin

LONDON — European markets rose slightly on open, a on Fridays they looked to shake off recent choppiness and follow Wall Street and Asia-Pacific stocks higher.

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