By Ankur Banerjee SINGAPORE (Reuters) -The U.S. dollar slipped on Thursday as the Sino-U.S. trade war sapped investor sentiment, while growing confidence of the U.S. Federal Reserve cutting its policy interest rate this year also weighed on the greenback. The euro rose 0.14% to $1.1664 in early trade, hitting a one-week high. The yen also…
By Lewis Krauskopf NEW YORK (Reuters) – As the U.S. Federal Reserve restarts interest rate cuts, housing shares are one of the areas of the stock market that may benefit, and they have perked up in recent weeks as markets priced in more monetary easing. On Wednesday, the U.S. central bank lowered its benchmark rate…
By Brijesh Patel (Reuters) – Gold prices extended losses on Thursday as the dollar firmed after the U.S. Federal Reserve cut interest rates by an expected quarter of a percentage point and adopted a measured rhetoric on further policy easing. Spot gold dipped 0.1% to $3,655.10 per ounce, as of 0454 GMT, after hitting a…
British 30-year gilt yields hit a 27-year high on Tuesday as government borrowing costs around the world were pushed up by worries about big state borrowing and U.S. President Donald Trump’s attempts to fire a Federal Reserve governor. Thirty-year gilt yields touched a peak of 5.680%, up about four basis points on the day, their…
(Reuters) -BlackRock’s assets under management hit a new high in the second quarter as global markets rallied on the prospect of trade deals and interest-rate cuts from the U.S. Federal Reserve, brushing aside earlier tariff-related jitters. Shares of the company rose 1.1% in premarket trading. A robust labor market, a healthy consumer and hopes that…