Author Archive

Lim Hui Jie

KEY POINTS

• Investors will be watching Australia’s inflation data on Wednesday, after the country’s central bank said it discussed raising interest rates at its last meeting.
• Should inflation come in higher than expected and spur the RBA to raise rates, it would be the first major Asia-Pacific central bank to do so in an environment where investors are waiting for rate cuts, barring Japan.

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Jenni Reid

LONDON — European stocks are heading for a cautiously higher open Friday as investors monitor a slew of central bank decisions and data releases.

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Gold prices were poised for a second consecutive weekly gain on Friday, driven by safe-haven demand amid tensions in the Middle East and rising bets that the U.S. Federal Reserve might reduce interest rates later this year.

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Charmaine Jacob@IN/CHARMAINEMARIAJACOB@CHARMAINEMJACOB & Lim Hui Jie

KEY POINTS

• Japan’s headline inflation rate rose to 2.8%, higher than April’s figure of 2.5%. The core inflation rate — which strips out prices of fresh food — came in lower than expected at 2.5%.
• The S&P 500 pulled back after surpassing the 5,500 mark on Thursday.

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Sam Meredith@IN/SAMUELMEREDITH@SMEREDITH19 & Holly Ellyatt@HOLLYELLYATT

LONDON — European stocks were higher on Thursday, with U.K. investors looking ahead to the Bank of England’s policy rate decision.

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By Octa

Gold Remains in Uncertainty

Gold Remains Indecisive, the XAU/USDpair has been trading within a sideways range of $2,300.00—$2,333.00 since the start of the week. Yesterday, it saw a modest increase of 0.45%. The US retail sales report fell short of investor expectations, leading to a decline in theUS Dollar Index(DXY). However, the market responded cautiously to this news.

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Charmaine Jacob@IN/CHARMAINEMARIAJACOB@CHARMAINEMJACOB & Lim Hui Jie

KEY POINTS

• China kept its one- and five-year loan prime rates unchanged at 3.45% and 3.95% respectively.
• New Zealand’s economy exited a technical recession, growing 0.2% quarter-on-quarter in the first three months of the year, beating Reuters poll expectations of a 0.1% expansion.

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Holly Ellyatt@HOLLYELLYATT

LONDON — European stocks are expected to open mixed on Wednesday, losing the positive momentum seen in the previous trading session.

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Gold prices edged higher on Tuesday after softer-than-expected U.S. retail sales data cemented hopes that the Federal Reserve will reduce interest rates this year, sending the dollar and Treasury yields lower.

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Lim Hui Jie & Charmaine Jacob@IN/CHARMAINEMARIAJACOB@CHARMAINEMJACOB

KEY POINTS

• Asia-Pacific markets mostly rose, with the Taiwan Weighted Index crossing the 23,000 mark to hit an all-time high.
• Traders in Asia assessed Japan’s trade data for May, which showed exports grew 13.5% year on year, while imports grew 9.5% during the same period.

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