Gold hits $2,300 record on Fed rate cut expectations
Gold soared to a new pinnacle, surpassing $2,300 an ounce fueled by prospects of Federal Reserve rate cuts and persistent central bank demand.
Source: biznews.com
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Global Stocks Eye Quarterly Gain, Treasuries Fall: Markets Wrap
(Bloomberg) — Stocks hit fresh records as global equities headed for a second quarterly gain. Treasuries slipped, with investors awaiting US jobs data. Europe’s Stoxx 600 Index advanced 0.3% to a record, while US futures pointed to a restrained start for Wall Street after the S&P 500 Index closed at its highest level ever. Investors…
Source: swissinfo.ch
Stocks Struggle as Traders Await Economic Data: Markets Wrap
(Bloomberg) — European stocks struggled for traction and US futures slipped as traders brace for a slew of economic data in the second half of the week that will help determine the path of monetary policy. The Stoxx Europe 600 index was little changed at the open, with gains for insurers and utilities offsetting losses…
Source: swissinfo.ch
MSCI cuts swath of China stocks from indexes as markets slump
66 companies were dropped from its MSCI China Index in its latest review, the highest tally in at least two years. Read more at straitstimes.com.
Source: straitstimes.com