(Bloomberg) — US Treasuries consolidated gains in a choppy trading session with markets remaining confident that policymakers at the Federal Reserve are still on a path toward lower interest rates. Most Read from Bloomberg The advance on Thursday briefly pushed yields on five-year notes below 4% for the first time since mid-March, with action in
Asian markets shrugged off another decline on Wall Street last night, with markets in China gaining after state-run banks and other financial institutions were ordered to do more to help spur more consumer spending. The Hang Seng (^HSI) jumped more than 2% in Hong Kong and the Shanghai Composite (000001.SS) was 1.8% up by the
Consumer confidence declined sharply in February as more Americans felt uneasy about the future state of the US economy, according to new data released Tuesday morning. The Conference Board’s Consumer Confidence Index for February came in at a reading of 98.3, a significant drop from January’s revised 105 reading and short of the 102.5 reading
Consumer confidence declined sharply in February as more Americans felt uneasy about the future state of the US economy, according to new data released Tuesday morning. The Conference Board’s Consumer Confidence Index for February came in at a reading of 98.3, a significant drop from January’s revised 105 reading and short of the 102.5 reading
(Bloomberg) — New Zealand’s central bank intends to reduce interest rates toward a more neutral setting at a measured pace, now that it has begun its easing cycle, Reserve Bank Governor Adrian Orr said. Most Read from Bloomberg The RBNZ cut the Official Cash Rate by a quarter-percentage point to 5.25% yesterday and forecast it
Gold Price Forecast: Profit Booking May Continue Unless Trade War Updates Surface- Should Buy Or Sell?
Markets now look to comments from Fed officials for policy cues. Unless President Trump or Chinese officials release any updates on the trade war, this profit booking may persist. As gold reacts to changing global fundamentals, investors need to be watchful of such important signals as US economic indicators, interest rate directions, and geopolitical uncertainties.