The report from the Labor Department on Friday combined with data this week showing tame inflation readings last month to keep a September interest rate cut from the Federal Reserve on the table. U.S. central bank officials on Wednesday pushed out the start of rate cuts to perhaps as late as December, with policymakers projecting…
Despite these small losses, the dollar is on course for small gains this week after the Federal Reserve left the funds rate on hold at 5.25%-5.5%, but reduced the number of cuts projected this year to just one, from three in March.
Brent and the U.S. benchmark have gained almost 4.5% over the week. That would mark Brent’s highest weekly rise in percentage terms since the week to Feb. 9. WTI is on course for the biggest weekly rise since the week to April 5.
Bitcoin fell 1% in the past 24 hours to $67,017.0 by 08:51 ET (12:51 GMT). The token had fallen as far as $66,000 on Thursday, as the dollar rebounded sharply from one-month lows.
The best performers of the session on the OMX Stockholm 30 were H & M Hennes & Mauritz AB B (ST:HMb), which rose 2.42% or 4.50 points to trade at 188.60 at the close. Meanwhile, AstraZeneca PLC (ST:AZN) added 1.30% or 21.50 points to end at 1,675.50 and Svenska Handelsbanken AB A (ST:SHBa) was up 1.12% or 1.11 points to 100.25…
The Bank of Canada is reviewing the extraordinary actions it took during the pandemic to stimulate the economy, in an effort to be better prepared for a future crisis, a top executive said on Thursday.
The U.S. currency rebounded after Fed officials on Wednesday unexpectedly forecast only one interest rate cut this year and pushed out the start of rate cuts to perhaps as late as December.
Oil prices dipped slightly on Thursday in up-and-down trade, pressured by rising U.S. crude and fuel supplies and expectations of slow Federal Reserve rate cuts but supported by U.S. economic data showing an easing labor market and slowing inflation.
Bitcoin price slipped on Thursday in a volatile session as a forecast from the Federal Reserve of high for longer interest rates largely overshadowed some signs of cooling near-term inflation.
The best performers of the session on the Investing.com United Kingdom 100 were Halma PLC (LON:HLMA), which rose 13.36% or 314.00 points to trade at 2,664.00 at the close. Meanwhile, BT Group PLC (LON:BT) added 4.33% or 5.60 points to end at 135.00 and Severn Trent PLC (LON:SVT) was up 4.18% or 101.00 points to 2,520.00 in late trade.
