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Holly Ellyatt@HollyEllyatt

LONDON — European stocks are expected to open in mixed territory Tuesday, with market uncertainty lingering over the outlook for interest rate cuts.

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Gold held steady near its record high on Tuesday as investors awaited U.S. Federal Reserve minutes and Chair Jerome Powell’s speech for indications on how much the central bank will cut rates this year.

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Lim Hui Jie

Key Points

• China’s central bank left its one-year and five-year loan prime rates unchanged at 3.35% and 3.85% respectively, in line with expectations.
• Minutes of the Reserve Bank of Australia’s August meeting revealed that the central bank considers a rate cut in the short term as “unlikely.”

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Holly Ellyatt@HollyEllyatt

LONDON — European stocks are expected to start the new trading week in mixed territory, after global markets rallied last week.

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Gold prices eased on Monday and hovered around key $2,500 level, as traders locked in profits following bullion’s climb to an all-time peak in the previous session on expectations of a U.S. interest rate cut next month.

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Lim Hui Jie

Key Points

• Traders in Asia will watch out for central bank releases this week, including the Bank of Korea’s rate decision and minutes of the Reserve Bank of Australia’s August meeting.
• Core machinery orders in Japan fell 1.7% year on year in June, surprising economists who had expected a 1.8% rise.

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Lim Hui Jie

Key Points

• Asian markets track the rally on Wall Street after U.S. economic data eased fears of a recession.
• Traders in Asia also assess non-oil exports data from Singapore, which massively beat Reuters’ poll expectations
• Taiwan and Hong Kong’s second-quarter GDP data will be out after market hours.

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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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