Spot gold fell 0.2% to $2 328.13 an ounce.
European stock futures edged lower as traders positioned ahead of the data on Eurozone CPI and US job openings to gauge the central banks’ upcoming rate decisions.
After last week’s debate hurt Biden’s chances of winning reelection, Wall Street strategists — including the ones from Goldman Sachs Group Inc. to Morgan Stanley and Barclays Plc — are taking a fresh look at how a Trump victory could play out in the bond market and are urging clients to position for sticky inflation and higher long-term yields.
The prospect of a Bank of Japan interest rate hike coming later this month increased after an index showed confidence among the nation’s large manufacturers rose from three months earlier. Vanguard sees the yen at risk of falling toward 170 per dollar if potential BOJ policy changes this month fail to boost the country’s bond yields.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European stocks up as ECB cuts rate, US stocks mixedEuropean stock markets rose Thursday as the European Central Bank cut interest rates for the first time since 2019 -- but gains were muted as sticky inflation blurs the outlook for more reductions.
Read more »
Sarb must focus on slowing CPI to its 4.5% goal, Kganyago saysInflation rate ‘stuck’ near top of central bank’s target band.
Read more »
Kganyago: Reserve Bank must focus on slowing CPI to its 4.5% targetKganyago: Reserve Bank must focus on slowing CPI to its 4.5% target
Read more »
Kaizer Chiefs begin talks with European clubs ahead of preseason!Kaizer Chiefs could be ready to use Orlando Pirates and Mamelodi Sundowns' preseason tactic by going abroad as well...
Read more »
ECB to start rate cuts but sticky inflation clouds path aheadThe European Central Bank is expected to begin cutting eurozone interest rates from historic highs this week, but sticky inflation means the move is unlikely to kickstart a rapid easing cycle.
Read more »
CONFIRMED: Bafana attacker secures European moveCONFIRMED: Bafana attacker secures European move
Read more »