Author Archive

Gold prices were flat on Wednesday as investors weighed chances of an outsized interest rate cut by the Federal Reserve later in the day.

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Anniek Bao

@in/anniek-yunxin-bao-460a48107/@anniekbyx

Key Points

• Investors await the Federal Reserve’s rate decision due Wednesday stateside, and assessed economic data from Japan. Indonesian central bank’s rate decision is also due later in the day.
• South Korea and Hong Kong markets are closed today while markets in mainland China will resume trade after a nationwide three-day holiday.

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Karen Gilchrist@_karengilchrist

LONDON — European stocks were higher Tuesday, as upcoming central bank meetings remain in focus.

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Gold prices hovered near a record high on Tuesday, ahead of the anticipated start of the U.S. interest rate reduction cycle, which could see policymakers deliver an outsized cut.

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Anniek Bao

@in/anniek-yunxin-bao-460a48107/@anniekbyx

Key Points

• Traders in Asia assessed Singapore’s non-oil domestic exports for August, which rose 10.7% from a year ago, official data showed Tuesday.
• Tuesday’s economic data also includes India’s wholesale prices for August, which are anticipated to have gained 1.85% year on- ear, a cooler reading than 2.04% in July.
• Shares of Chinese appliance maker Midea Group surged over 9% in their Hong Kong debut, following the city’s largest IPO in more than three years.

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Author : Ambar Warrick

Investing.com– Most Asian stocks rose on Friday as focus turned to the Federal Reserve’s first potential interest rate cut in over four years, with Hong Kong markets leading gains on bargain buying into local technology heavyweights.

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Holly Ellyatt@HollyEllyatt

LONDON — European stocks rallied Thursday as investors in the region await the latest monetary policy decision from the European Central Bank.

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Author : Ambar Warrick

Commodities

Investing.com– Gold prices rose in Asian trade on Thursday and remained in sight of record highs as traders bet that the yellow metal will still benefit from a lower interest rate environment. Gold prices rise, keep record highs in sight amid bets on smaller rate cut

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Anniek Bao@in/anniek-yunxin-bao-460a48107/@anniekbyx

Key Points

• Japan’s producer price index rose 2.5% year-on-year in August, less than the expected 2.8% and the 3% reported in the previous month. The data is among the key indicators closely watched by the Bank of Japan.
• India is also poised to release its August consumer price index later Thursday. Economists polled by Reuters expect it to rise 3.5% year-on-year, compared to 3.54% in July.

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Gold prices steadied on Wednesday, as investors keenly awaited the U.S. inflation data for hints on the size of the Federal Reserve’s potential interest rate cut next week.

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