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Europe: Stoxx 600 jumps 1% after ECB rate decision; Novo Nordisk hits record high
EUROPE’S main index leapt on Thursday, after the European Central Bank kept rates steady on signs of cooling inflation and as Novo Nordisk hit a record peak on encouraging trial data...
US: Stocks hit fresh records as Powell signals rate cuts ahead
STOCKS on Wall Street closed higher, with both the S&P 500 and the Nasdaq finishing at new records amid a midweek bounce fueled by tech stocks including Nvidia. Remarks by Federal Reserve...
Oil prices up 1% on small build in US crude stocks, Fed rate cut remarks
OIL prices edged up about 1 per cent on Wednesday on a smaller-than-expected build in US crude inventories, a big withdrawal from distillate and petrol stocks and remarks by the...
Europe: Tech, financials steer Stoxx 600 to record high; rate verdict awaited
EUROPE’S main equity index hit an all-time high on Wednesday, boosted by tech and financial shares, while investors took stock of Federal Reserve Chair Jerome Powell’s Congressional testimony a...
Over 75% of S-Reits log DPU declines in H2; expected interest rate cuts may offer reprieve
HIGHER interest costs continued to weigh on distributions for locally listed real estate investment trusts (S-Reits) in the second half of 2023. More than three-quarters of the trusts that...
Gold extends surge as Powell says rate cut likely this year
GOLD extended gains after hitting a record in the previous session as Federal Reserve Chair Jerome Powell reiterated the US central bank will likely cut interest rates this year....
US dollar slips as Fed’s Powell says he still expects rate cuts this year
THE US dollar slipped to a one-month low against the euro on Wednesday (Mar 6) after Federal Reserve chair Jerome Powell said continued progress on inflation “is not assured,”...
Gold hits record peak on US rate cut hopes
THE price of gold on Tuesday (Mar 5) struck an all-time pinnacle, boosted by its haven status ahead of expected cuts to US interest rates amid growing economic gloom....
