Author Archive

Gold prices firmed on Wednesday on mounting bets of U.S. interest rate cuts in September and rising geopolitical tensions in the Middle East, with markets awaiting U.S. economic data for clues on the Federal Reserve’s interest rate path.

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Dylan Butts@in/dylan-b-7a451a107 & Lim Hui Jie

Key Points

• Asia-Pacific markets were mostly higher on Thursday, breaking with losses on Wall Street.
• Asian investors assessed trade data from Japan and awaited interest rate decision from the Reserve Bank of India.

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Sophie Kiderlin & Holly Ellyatt

LONDON — European stocks were higher on Wednesday as global markets look to rally after a rout on Monday.

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Gold prices edged lower on Wednesday as the U.S. dollar and Treasury yields strengthened, while traders awaited further cues to gauge the size of the Federal Reserve’s likely September interest rate cut.

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Dylan Butts@in/dylan-b-7a451a107 & Lim Hui Jie

Key Points

• Asia-Pacific markets were up on Wednesday following a rebound of major indexes on Wall Street that broke a three-day stretch of losses.
• Traders in Asia assessed July trade balance data out of China as customs data showed that imports in July grew faster-than-expected, while exports missed forecasts.

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Holly Ellyatt@HollyEllyatt

LONDON — European stocks are expected to start the new trading week in flat to negative territory as global volatility continues.

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Gold prices retreated on Friday as profit-taking kicked in after bullion jumped over 1% earlier in the session on hopes of rate cuts buoyed by weaker than expected U.S. jobs data.

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Lim Hui Jie

Key Points

• Heavyweight trading houses such as Mitsubishi, Mitsui and Co, Sumitomo and Marubeni all plunged more than 10%.
• The yen also strengthened to its highest level against the dollar since January, and was last trading at 143.40.

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Lim Hui Jie

Key Points

• Asian markets fall after Wall Street sell-off, with Japan’s Nikkei 225 leading losses.
• Some heavyweight stocks that fell include Softbank Group, which tumbled over 5%, while trading houses Mitsui and Marubeni saw losses of over 8% and 6%, respectively.

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Jenni Reid

LONDON — European markets are set to open mixed on Thursday as investors process a raft of central bank action.

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