Global stocks traded cautiously ahead of U.S. business surveys as investors looked for clues about the economy’s resilience to try to determine when the Federal Reserve might start cutting interest rates this year.to a 26-month high in June amid a rebound in employment, but price pressures subsided considerably, offering hope that a recent slowdown in inflation was likely to be sustained.
It’s also triple witching day, when about US$5.5-trillion index futures, options and stock options expire at the same time. Brent crude futures were 0.3 per cent higher at US$85.94 a barrel after hitting seven-week highs earlier in the week. West Texas Intermediate crude futures advanced 0.3 per cent to $81.60 a barrel.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: