Author Archive

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

LONDON — European markets were higher on Friday, the last trading day of August, as investors looked to key inflation data from across the region and the U.S.

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Gold prices gained on Thursday, fueled by strong expectations of a Federal Reserve rate cut in September with investors focusing on U.S. inflation data for further insights on the potential size of the cut.

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Lim Hui Jie

Key Points

• U.S. economic data such as initial jobless claims and a stronger second-quarter GDP number helped calm recessionary fears
• Traders in Asia assessed economic data out of Japan, including inflation in the capital city of Tokyo, which is widely considered a leading indicator of nationwide trends.

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

LONDON — European markets were higher at the open on Wednesday as investors looked to fresh earnings and economic data for clues about the outlook for stocks globally.

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Gold prices slipped on Wednesday as the dollar ticked up, while investors awaited a key U.S. inflation report due this week for more clarity on the size of a likely September rate cut.

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Lim Hui Jie

Key Points

• Australia’s CPI rose 3.5% year on year, slightly above the 3.4% rise expected by economists polled by Reuters and compared to 3.8% in June.
• Minutes of the Reserve Bank of Australia’s last meeting revealed that the central bank had considered raising interest rates in its bid to tame inflation.

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

LONDON — European markets are set to open higher on Tuesday as investors weighed geopolitical risks and U.K. markets are due to reopen after being closed on Monday for a national bank holiday.

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Author : Ambar Warrick

Investing.com– Gold prices fell in Asian trade on Tuesday amid some pressure from a rebound in the dollar, although the prospect of lower interest rates and increased safe haven demand kept the yellow metal in sight of recent peaks.

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Lim Hui Jie

Key Points

• China reported that its industrial profits from January to July climbed 3.6% year on year.
• Oil prices continued to rise after Israel and Hezbollah traded strikes over the weekend, with U.S. West Texas Intermediate crude climbing 3.5% to close at $77.42 per barrel and Brent crude up 3.05% at $81.43 a barrel, its highest in about two weeks.

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(Reuters) – European shares were subdued on Monday ahead of a raft of key economic data this week.

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