If you would like to receive the daily Market Report by email please fill out your name and email address in the sign-up form below and you will be added to our mailing list.
UK and European stocks were higher Thursday, extending gains
after U.S. inflation fell to its lowest level in more than three years. The
U.S. consumer price index declined to a 12-month rate of 3%, the Labor
Department reported Thursday. That was down from 3.3% in May.
Investors were keenly awaiting the print for a sign the
Federal Reserve may be prepared to lower interest rates in its coming meetings.
US stocks were lower on Thursday, as investors digested better-than-expected
inflation and labour-market data and pondered over how the Federal Reserve may
respond.
Japan’s Nikkei 225 crossed the 42,000 mark for the first
time amid a broader rise in Asia-Pacific markets on Thursday, after U.S. Big
Tech rallied overnight on optimism over Federal Reserve rate cuts.
Gold prices climbed for a third straight session on
Thursday, helped by a weaker U.S. dollar ahead of inflation data that will
determine whether the Federal Reserve will lower interest rates this year.
In company news, shares of Apple fell after the European
Commission approved plans to open up its contactless payments system to rivals,
drawing a line under a long-running antitrust probe. Regulators ruled in 2022
that Apple was breaking competition laws by blocking rivals’ access to favour
its own payment system. In response, Apple offered various concessions, which
officials have spent the last six months testing.
CLIENT LOGIN
CLIENT LOGIN
