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Dow, S&P 500, Nasdaq futures inch up as rate-cut bets spike ahead of crucial jobs report

Dow Jones, S&P 500, Nasdaq climb as investors await Fed decision after Nasdaq’s record close

Bloomberg reports: Bullion traded near $3,640 an ounce, after gaining for four consecutive weeks. Traders see a quarter-point cut this week amid signs of labor market weakness, and some potential for reductions extending into next year. That expectation has driven Treasury yields to the lowest in months, weakened the greenback and supported gold. Lower yields…

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Hong Kong’s HK$50 billion Silver Bonds attract senior citizens amid rate-cut expectations

Hong Kong’s HK$50 billion Silver Bonds attract senior citizens amid rate-cut expectations

Hong Kong banks and brokers reported keen interest in the latest batch of Silver Bonds compared with last year after subscriptions opened on Monday. HSBC, the biggest of the city’s three currency-issuing banks, said application volumes and values were higher compared with the first day of sales last year. “The share of digital submission continues…

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US and China reach deal to transfer TikTok ownership, trade official says | TikTok

US and China reach deal to transfer TikTok ownership, trade official says | TikTok

Jamieson Greer, a US trade representative, said on Monday that Washington and Beijing have struck a framework agreement on transferring TikTok to US-controlled ownership. Speaking after emerging from negotiations with Chinese officials, Scott Bessent said the deal was coming but declined to reveal the commercial terms. “We have a framework for a TikTok deal,” the…

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Spanish PM has 'deep admiration' for pro-Palestinian protesters

Spanish PM has ‘deep admiration’ for pro-Palestinian protesters

Spanish Prime Minister Pedro Sanchez on Monday reiterated his “deep admiration” for pro-Palestinian protesters who forced the final stage of one of the most important international cycling races to be abandoned at the weekend. “Our position is clear and categorical…neither Russia nor Israel should participate in any international competition,” Pedro Sanchez said. (LA MONCLOA /…

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