Gold hit a 13-month high about $30 shy of a record peak and the dollar weakened after the data reduced expectations that, a major market concern as monetary policy that is too tight can provoke a US recession.
. The Dow Jones Industrial Average rose 1.14%, the S&P 500 gained 1.33%, and the Nasdaq Composite added 1.99%. MSCI’s gauge of stocks across the globe gained 1.11%. In Europe, the pan STOXX 600 index closed up 0.40% and the euro rose to a 12-month high at $1.1068.
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Asian stocks ease ahead of US inflation data, Fed minutesAsian equities drifted lower ahead of a crucial U.S. inflation report that will likely influence how soon the Federal Reserve will end its aggressive rate hikes, with markets betting on at least one more at next month’s policy meeting. | Reuters
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Asian stocks ease ahead of US inflation data, Fed minutesAsian equities drifted lower ahead of a crucial U.S. inflation report that will likely influence how soon the Federal Reserve will end its aggressive rate hikes, with markets betting on at least one more at next month’s policy meeting. | Reuters
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Stocks lower on weaker economic dataThe local stock market continued to edge lower, this time due to weaker foreign investment and trade data. ManilaBulletin Where are those investments pledged during Marcos' travels?
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