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…
The Hang Seng Index opened 1.3% higher at 17,695.72 in Hong Kong. AIA Group Ltd. contributed the most to the index gain, increasing 3.6%. Li Auto Inc. had the largest increase, rising 5.1%. In early trading, 70 of 82 shares rose, while 8 fell; all sectors were higher, led by commerce and industry stocks. The…
The dollar fell a touch on Thursday although moves were largely subdued ahead of a U.S. inflation report due later in the day, while sterling firmed on receding expectations for an August rate cut from the Bank of England (BoE). The British pound rose to a one-month high of $1.28545 in early Asia trade, extending…
Gold held a two-day advance, with traders pricing in higher odds of an initial interest-rate cut from the Federal Reserve in September after Chair Jerome Powell told Congress he believes inflation is receding. The precious metal traded above $2,370 after a 0.3% gain the previous session as Powell wrapped up a second day of testimony in Washington, where…
