Author Archive

Lee Ying Shan@IN/YING-SHAN-LEE@LEEYINGSHAN

KEY POINTS

• Gold prices continued to notch new records Wednesday, lifted by increasing conviction that the Federal Reserve will cut interest rates in September
• On Monday, Fed Chair Jerome Powell said the Fed won’t wait for inflation to reach the central bank’s 2% target before it begins cutting.

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

KEY POINTS

• The Reuters Tankan survey showed an increase in business optimism among large Japanese manufacturers, while confidence among non-manufacturers fell.

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Holly Ellyatt@HOLLYELLYATT

LONDON — European stocks are expected to open in mixed territory Tuesday as investors assess the economic and political outlook in the region and beyond.

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Gold prices nudged higher on Tuesday as comments from Federal Reserve Chair Jerome Powell bolstered the case for a September rate cut, while investors awaited more U.S. economic data for further monetary policy cues.

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Charmaine Jacob@IN/CHARMAINEMARIAJACOB@CHARMAINEMJACOB

KEY POINTS

• Asia-Pacific markets were mixed on Tuesday following a slew of political and economic news from the U.S.
• Traders will also look for developments from China’s Third Plenum, where high local government debt levels and a push for advanced manufacturing will be on the agenda.

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Holly Ellyatt@HOLLYELLYATT

LONDON — European stocks are expected to start the week lower as global markets assess the impact an assassination attempt on former U.S. President Donald Trump at a rally over the weekend.

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Gold prices dipped on Monday as the dollar held firm, while investors awaited comments from Federal Reserve officials and economic data for further cues on U.S. interest rate trajectory.

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Lim Hui Jie

KEY POINTS

• David Roche, president of Quantum Strategy, said in a note on Sunday that Trump would win the presidency, with an increased probability of a Republican clean sweep of both the House of Representatives and the Senate.
• China’s economy grew 4.7% in the second quarter, missing expectations of a 5.1% expansion forecast by Reuters and lower than the 5.3% growth seen in the first quarter.

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Jenni Reid

KEY POINTS

• European stocks opened higher Friday, defying a broader selloff as global investors await the U.S. producer price index.
• Telecom stocks rose 0.95% led by Ericsson, which jumped 8% after reporting a smaller revenue decline than analysts expected.
• Technology stocks took their cues from Wall Street, retreating 0.3% after a choppy session in which investors rotated out of the “Magnificent Seven” into the rest of the market.

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Gold prices edged lower on Friday, but were headed for a third straight week of gains as cooler-than-expected U.S. inflation data boosted hopes of the Federal Reserve cutting interest rates in September.

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