European Stock Futures Mixed; U.K. Inflation Climbs Ahead of Fed Rate Decision
European stock markets are expected to trade in a mixed fashion at the open Wednesday as investors digest U.K. inflation data and nervously await the latest Federal Reserve decision on interest rates. At 03:00 ET (07:00 GMT), the DAX futures contract in Germany
Gold Prices Muted Ahead of Fed Meeting as Safe Haven Appeal Wanes
Gold prices moved in a tight range on Wednesday, stabilizing after a sharp drop in the prior session as markets hunkered down ahead of a Federal Reserve interest rate decision, while easing fears of a banking crisis spelled lesser safe haven demand for
Asia FX Dips, Dollar Steadies As Fed Meeting Looms
Most Asian currencies retreated on Tuesday, while the dollar firmed slightly as markets hunkered down ahead of a Federal Reserve interest rate decision this week, while lingering fears of a banking crisis also weighed on sentiment. The South Korean won was the worst
Gold Prices Face Resistance At $2,000 As Fed Meeting Looms
Gold prices were muted in early Asian trade on Tuesday after touching key highs in the prior session as markets locked in some profits ahead of an upcoming Federal Reserve interest rate decision, while caution over a potential banking crisis kept safe haven
Bitcoin Near 9-Month High As Bank Turmoil Sparks Rally
to turn to digital assets. The biggest cryptocurrency by market value fell 1.8% in Asia hours to $27,549 after hitting its highest since June 12 on Sunday at $28,474. It rose 26% last week and is up more than 35% in ten days
Vaccine Makers Prep Bird Flu Shot For Humans ‘Just in Case’; Rich Nations Lock in Supplies
Some of the world’s leading makers of flu vaccines say they could make hundreds of millions of bird flu shots for humans within months if a new strain of avian influenza ever jumps across the species divide. One current outbreak of avian flu
Credit Suisse Lifeline, First Republic Rescue: What You Need To Know
Credit Suisse headed into a make-or-break weekend after some rivals grew cautious in their dealings with the struggling Swiss lender, and its regulators urged it to merge with UBS AG. At least four major banks, including Societe Generale (OTC:SCGLY) and Deutsche Bank (ETR:DBKGn),
Oil Prices Rise On OPEC+ Hopes, But Set For Steep Weekly Losses
Oil prices crept higher on Friday on the prospect of supportive measures by the OPEC+, although fears of an economic slowdown stemming from a banking crisis kept gains limited and put prices on course for their worst week this year. Media reports said
Asian Stocks Surge As Bank Bailouts Lift Spirits
Asian stock markets rose on Friday, recovering from a series of sharp losses this week as government and institutional support to stem a potential banking crisis helped improve sentiment, while traders also priced in a less hawkish Federal Reserve. Chinese bourses were the
ECB Likely To Stick To Big Rate Hike Despite Banking Turmoil, Source Says
European Central Bank policymakers are still leaning towards a half-percentage-point rate hike on Thursday, despite turmoil in the banking sector, as they expect inflation will remain too high in coming years, a source told Reuters. Investors had begun to doubt the ECB’s commitment
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