Stocks bounce after heavy sell-off as US inflation cools
European shares and U.S. stock futures rebounded on Friday as markets stabilised after a week in which global equities have tumbled almost 2%, while the dollar regained ground against the yen.
July 26, 2024
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Dollar stable ahead of PCE data; euro edges higher, yen slips
The U.S. dollar steadied in early European trade Friday ahead of the release of key inflation data, the euro edged higher while the Japanese yen slipped slightly but remained on course for its strongest week in three months.
Oil prices fall; set for weekly losses on demand concerns
Persistent concerns over slowing growth and demand in top importer China have been the dominant factor, part triggered by GDP data from last week, which showed the Chinese economy grew less than expected in the second quarter.
Bitcoin price today: climbs above $67k with Trump speech in focus
Bitcoin price jumped on Friday, recovering some measure of losses this week as crypto markets awaited an address by Republican presidential nominee Donald Trump at the Bitcoin Conference this weekend.
Deutsche Bank shuffles ratings on defense stocks
Deutsche Bank made various adjustments to its ratings on several major defense stocks in separate notes Friday, reflecting changes in the companies’ outlooks and recent performance.