Canada’s Finance Minister Chrystia Freeland said on Tuesday that the federal budget presented to the Parliament last month had created conditions for interest rates to come down.
The dollar eased against most currencies on Tuesday ahead of key U.S. and euro zone inflation data later this week that could affect expectations for major central banks’ monetary policy outlooks.
Gold prices gained on Tuesday, helped by a weaker dollar as investors look forward to U.S. inflation data due later this week for more clarity on interest rate cut timings.
The price of Bitcoin fell slightly on Tuesday, while a rally in no.2 token Ether cooled, as anticipation over key inflation data this week kept traders largely averse to assets like crypto that are perceived as riskier.
The company’s shares surged nearly six times their value in the first two weeks of May, partly fueled by the re-emergence of “Roaring Kitty” Keith Gill, a key figure in the 2021 retail trading frenzy. The stock has since lost 70% of its value up to Friday’s close, taking GameStop (NYSE:GME)’s market value to $5.82…
Tornado-spawning thunderstorms that swept the U.S. Southern Plains and Ozarks have killed at least 21 people as of Monday morning across four states and wrecked hundreds of buildings, with forecasters warning of more severe weather.
The dollar held steady on Monday, but was set for its first monthly loss this year, as investors were focused on U.S., European and Japanese inflation data to guide the global interest rate outlook.
Oil prices rose by more than $1 per barrel in muted trade owing to public holidays in Britain and the United States after a downbeat week characterised by the outlook for U.S. interest rates in the face of sticky inflation.
Bitcoin was little changed on Monday as concerns over high interest rates persisted ahead of key U.S. inflation data due later this week, while Ether saw an extended rally on progress towards a spot exchange-traded fund.
The best performers of the session on the DAX were Porsche Automobil Holding SE (ETR:PSHG_p), which rose 2.78% or 1.35 points to trade at 49.92 at the close. Meanwhile, RWE AG ST O.N. (ETR:RWEG) added 2.55% or 0.87 points to end at 35.02 and Bayer AG NA (ETR:BAYGN) was up 2.32% or 0.64 points to 28.27 in late trade.
