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US: Wall Street opens slightly higher on rate cut optimism
US stock indexes opened slightly higher on Tuesday (May 7), with the S&P 500 and Nasdaq extending gains for a fourth straight session, buoyed by expectations that the Federal...
China’s CICC may cut investment banking headcount by at least 10% this year
China International Capital Corp (CICC) may reduce its investment banking headcount by at least 10 per cent this year, two people with knowledge of the matter said, as a...
Gold prices tick higher on US rate cut bets
GOLD prices edged up for a second session on Tuesday (May 7), after recent economic data boosted bets that the Federal Reserve would cut interest rates later this year.Spot...
US dollar soft on renewed Fed rate cut bets; yen on back foot
THE US dollar was a touch lower on Monday (May 6) as a soft US jobs report on Friday boosted wagers that the Federal Reserve may still cut rates...
Maersk says Red Sea disruption will cut capacity by 15-20% in Q2
The disruption to container shipping traffic in the Red Sea is increasing and is expected to reduce the industry’s capacity between the Far East and Europe by some 15...
ECB rate cut case getting stronger, says chief economist Lane
THE case for a European Central Bank interest rate cut in June is getting stronger as services inflation is finally starting to ease, ECB chief economist Philip Lane told...
Asia: Markets build on rally as US jobs data boost rate cut hopes
MOST Asian markets rose on Monday after data showing fewer US jobs were created last month rekindled optimism interest rates will be cut this year, while mainland Chinese equities...
RBNZ has limited scope to cut cash rate this year: OECD
THE Reserve Bank of New Zealand (RBNZ) has limited scope to cut interest rates this year and should not ease policy until it’s sure inflation will return to target,...
