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Gold ticks higher after weak data fuels US rate cut bets
GOLD prices drifted higher on Thursday (Jul 4), after softer-than-expected US economic data added to hopes that the Federal Reserve could cut interest rates in September.Spot gold rose 0.1...
Europe: Shares rise as Fed rate cut bets firm; focus on elections
EUROPEAN shares rose on Wednesday, as dovish comments from Federal Reserve Chair Jerome Powell and fresh US economic data firmed rate cut expectations, while investors awaited the second round of...
World Bank backs Thai central bank in keeping rate steady
The World Bank said Thailand should wait for a clearer picture of the economy before easing monetary conditions, effectively backing the central bank’s interest-rate policy against the government’s calls...
Asia: Markets track Wall Street records as Powell revives rate hopes
ASIAN stocks rose on Wednesday following fresh records on Wall Street after Federal Reserve chief Jerome Powell fanned hopes of an interest rate cut by saying the battle against...
Europe: Stocks slide as French election, rate nerves persist
EUROPEAN stocks fell to two-week lows on Tuesday as the relief rally in French shares following the first round of parliamentary elections faded, while data pointed to elevated services...
US: Nasdaq, S&P 500 open higher as cool inflation data lifts rate cut bets
The tech-heavy Nasdaq and the benchmark S&P 500 opened higher on Friday (Jun 28) as a report closely watched by the Federal Reserve showed inflation moderating in line with...
Ringgit rebound set to ride on recovering exports, Fed rate cuts
Bank Negara Malaysia says the ringgit has “significant potential to appreciate and be among the top beneficiaries of US rate cuts”The Malaysian ringgit is set to extend gains into...
Ringgit rebound set to ride on recovering exports, Fed rate cuts
Bank Negara says the Malaysian currency has ‘significant potential to appreciate and be among the top beneficiaries of US rate cuts’The Malaysian ringgit is set to extend gains into...
