Author Archive

Karen Gilchrist@_KARENGILCHRIST

KEY POINTS

• European stocks pushed higher in Tuesday trade, following a mixed start to the week.
• Investors are looking ahead to the Bank of England’s policy rate decision on Thursday.

LONDON — European stocks opened higher Tuesday after a mixed start to the trading week.

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Gold prices edged higher on Tuesday as Treasury yields eased, with market participants awaiting U.S. data and comments from Federal Reserve officials for more clarity on the central bank’s roadmap for interest rate cuts.

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Lim Hui Jie

KEY POINTS

• The RBA held its benchmark interest rate at 4.35% for its fifth straight meeting, saying that inflation “remains above target and is proving persistent.”
• The S&P 500 closed at a fresh record of 5,473.23, adding 0.77%.

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Jenni Reid

LONDON — European stocks opened in the green on Friday, rounding off a choppy week that has delivered a host of new information for investors to process.

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Gold prices extended losses to over 1% on Thursday after cooler-than-expected U.S. producer price data with analysts attributing the price drop to profit-taking.

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Lim Hui Jie

KEY POINTS

• The Bank of Japan kept its benchmark interest rate unchanged on Friday, but indicated it’s considering the reduction of its purchase of Japanese government bonds.
• Overnight in the U.S., the S&P 500 rose to post a fourth consecutive record close as traders weighed more data showing inflation pressures may be easing.

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Holly Ellyatt@HOLLYELLYATT

LONDON — European stocks are expected to open in negative territory Thursday as regional investors react to the U.S. Federal Reserve’s latest monetary policy decision and U.S. inflation data.

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Gold prices fell on Thursday after the U.S. Federal Reserve in its most recent policy meeting scaled back to only one interest rate cut later this year, fewer than previously projected, even as inflation cooled in May.

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Lim Hui Jie

KEY POINTS

• The Fed only projects one rate cut this year, down from three, but raises the number of total projected rate cuts to four in 2025.
• Asia markets tracked gains on Wall Street following the Fed decision, with all major markets in the green.

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Holly Ellyatt@HOLLYELLYATT

LONDON — European stocks are expected to open higher Wednesday ahead of the latest U.S. Federal Reserve decision and inflation reading.

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