Asia-Pacific markets opened higher on Tuesday, tracking gains on Wall Street that saw the S&P 500 and the Nasdaq Composite closing at record highs overnight. Japan’s Nikkei 225 rose 1%, while the Topix inched up 0.27%. South Korea’s Kospi climbed 0.3% as shares of heavyweight Samsung Electronics gained 0.57%, even as the company’s largest union…
Swiss inflation unexpectedly eased offering reassurance to Swiss National Bank officials who’ve lowered borrowing costs for two straight meetings. Consumer prices rose 1.3% from a year ago in June, the statistics office said Thursday. That’s less than economists estimated and down from May’s 1.4%, which was the fastest clip this year. The slowdown was helped by a 0.2% annual decline in…
Gold steadied after dropping by the most in two weeks on Monday ahead of the Federal Reserve chief’s address to the Congress and US inflation data later this week, with both events likely to offer clues on the interest-rate path. Bullion traded at around $2,362 an ounce following a 1.4% decline in the previous session before…
