Dollar gains on hawkish Fed, even as inflation cools
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.
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Oil dips in see-saw session; eyes on US economic data and Fed
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 today: down to $67k after rate cut updates
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.
U.K. stocks lower at close of trade; Investing.com United Kingdom 100 down 0.68%
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.
European shares gain as cool US data bolsters Fed rate cut hopes
European shares advanced on Wednesday, with rate-sensitive sectors like real-estate jumping after a cool U.S. inflation reading propped up hopes that the Federal Reserve could kick-off its policy easing cycle soon.
Dollar slips lower ahead of Fed meeting, CPI data
The dollar has slipped back from recent highs, but the U.S. currency has been in demand after Friday’s stronger-than-expected jobs report, as traders pared back bets for Fed rate cuts this year.
Gold prices likely to reach as high as $3,000/oz over the next 12 months
Gold prices could surge up to $3,000 over the next 12 months, Citi analysts said, as a combination of strong physical demand, central bank purchases, and macroeconomic factors continue to support a bullish outlook for the yellow metal.
Bitcoin price today: recovers to $69k ahead of Fed rate decision, CPI print
Bitcoin price rose higher on Wednesday, rebounding from a decline in the prior session when risk appetite was largely constrained by anticipation of a Federal Reserve meeting and key inflation data.
Sweden stocks higher at close of trade; OMX Stockholm 30 up 1.55%
The best performers of the session on the OMX Stockholm 30 were Sinch AB (ST:SINCH), which rose 4.39% or 1.00 points to trade at 23.78 at the close. Meanwhile, Samhallsbyggnadsbolaget i Norden AB (ST:SBBb) added 3.87% or 0.21 points to end at 5.71 and Hexagon AB ser. B (ST:HEXAb) was up 3.47% or 4.10 points to 120.60…
UK’s Sunak offers more tax cuts as election polls refuse to budge
Prime Minister Rishi Sunak pledged to cut 17 billion pounds ($21.7 billion) of taxes for working people if re-elected, launching a final throw of the dice to overturn polls that put him on course for a heavy defeat in Britain’s July 4 election.