News Formal

Stocks and gold cheer U.S. inflation picture, while dollar slides

  • 📰 Reuters
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Global shares rose on Thursday, while the dollar held near two-month lows after U.S. inflation data suggested the Federal Reserve may soon be finished raising interest rates, which in turn kept gold above $2,000 an ounce.

After long weekends in much of the world, this week is fairly action-packed in terms of economic data. Still to go are U.S. producer prices and retail sales, both of which could help set expectations for what the Fed might do at its May meeting.

"The market view is a bit split on whether it'll be a 'hawkish hold' or a 'dovish hike'," Aninda Mitra, head of Asia macro and investment strategy at BNY Mellon Investment Management, referring to next month's Fed meeting.

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:

 /  🏆 2. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

No More pride of the dollar POTUS CHINA TAKE OVER

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves premarket: Shopify, Global Payments, MongoDB and moreMongo DB's stock after Morgan Stanley upgraded the software company to overweight, citing its leadership in cloud optimization initiatives. Short sell BUD
Source: CNBC - 🏆 12. / 72 Read more »