Author Archive

Gold prices hovered near a record high on Tuesday, ahead of the anticipated start of the U.S. interest rate reduction cycle, which could see policymakers deliver an outsized cut.

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Anniek Bao

@in/anniek-yunxin-bao-460a48107/@anniekbyx

Key Points

• Traders in Asia assessed Singapore’s non-oil domestic exports for August, which rose 10.7% from a year ago, official data showed Tuesday.
• Tuesday’s economic data also includes India’s wholesale prices for August, which are anticipated to have gained 1.85% year on- ear, a cooler reading than 2.04% in July.
• Shares of Chinese appliance maker Midea Group surged over 9% in their Hong Kong debut, following the city’s largest IPO in more than three years.

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Author : Ambar Warrick

Investing.com– Most Asian stocks rose on Friday as focus turned to the Federal Reserve’s first potential interest rate cut in over four years, with Hong Kong markets leading gains on bargain buying into local technology heavyweights.

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Holly Ellyatt@HollyEllyatt

LONDON — European stocks rallied Thursday as investors in the region await the latest monetary policy decision from the European Central Bank.

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Author : Ambar Warrick

Commodities

Investing.com– Gold prices rose in Asian trade on Thursday and remained in sight of record highs as traders bet that the yellow metal will still benefit from a lower interest rate environment. Gold prices rise, keep record highs in sight amid bets on smaller rate cut

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Anniek Bao@in/anniek-yunxin-bao-460a48107/@anniekbyx

Key Points

• Japan’s producer price index rose 2.5% year-on-year in August, less than the expected 2.8% and the 3% reported in the previous month. The data is among the key indicators closely watched by the Bank of Japan.
• India is also poised to release its August consumer price index later Thursday. Economists polled by Reuters expect it to rise 3.5% year-on-year, compared to 3.54% in July.

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Gold prices steadied on Wednesday, as investors keenly awaited the U.S. inflation data for hints on the size of the Federal Reserve’s potential interest rate cut next week.

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Anniek Bao@in/anniek-yunxin-bao-460a48107/@anniekbyx

Key Points

• South Korea reported that August unemployment fell to 2.4%, the lowest level since 1999, when the data series commenced, according to Statistics Korea.
• The televised presidential debate between Republican presidential nominee Donald Trump and Democratic Vice President Kamala Harris is the immediate focus for investors

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Karen Gilchrist@_karengilchrist & Holly Ellyatt@HollyEllyatt

LONDON — European stocks were mixed on Tuesday, following a more positive session at the start of the week.

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Gold prices held their ground on Monday, as investors awaited the U.S. inflation report for further clues on the potential size of the Federal Reserve’s interest-rate cut.

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