European stocks opened higher Friday, defying a broader selloff, with fresh inflation data set to land. The regional Stoxx 600 index was up 0.3% at 8:10 a.m. in London even as the MSCI World Index of global stocks dipped. Telecom stocks rose 0.95% led by Ericsson, which jumped 8% after reporting a smaller revenue decline…
Japan’s Nikkei 225 Stock Average fell the most in more than two months as the yen’s swings weighed on some exporters, while technology shares dropped as speculation about a Federal Reserve rate cut drove investors away from US tech megacaps. The Nikkei declined 2.4% to 41,190.68 as of market close Tokyo time, the most since April after…
Gold prices fell slightly in Asian trade on Friday, but were sitting on strong gains from the prior session as softer-than-expected U.S. inflation data ramped up bets on a September interest rate cut. The yellow metal blew past the closely-watched $2,400 an ounce level on Thursday and was less than $50 away from a record…
