Author Archive

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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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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