The South African rand remained stable on Monday as investors anticipated the release of upcoming inflation data, which could provide insights into the country’s future interest rate policies. By 1502 GMT, the rand was trading at 18.2975 against the dollar, maintaining its position from the previous close of 18.2925. South Africa is set to release…
SINGAPORE – Global stock markets reached new record highs on Thursday, with indices from Tokyo to New York posting gains. Investors are eagerly anticipating U.S. inflation data, which is expected to show a slowdown, potentially leading to interest rate cuts in September. Market Performance Technology shares led the rally, pushing the S&P 500 (.SPX) up…
Global stock markets faced downward pressure on Friday, erasing early gains, while U.S. Treasury yields climbed and the dollar weakened following news of unchanged U.S. monthly inflation in May. The flat reading in the U.S. Personal Consumption Expenditures (PCE) price index for May, as reported by data, marked no change from the 0.3% increase observed…
In May, U.S. monthly inflation held steady as a slight uptick in service costs countered the largest drop in goods prices in six months, a Commerce Department report revealed on Friday. This development nudged the Federal Reserve closer to contemplating interest rate cuts later in the year. Consumer spending saw marginal growth during the same…
