Europe’s STOXX 600 slips as French rating review looms; still ends week higher

European shares closed the week mostly higher. Investors were cautious about France’s credit rating. Healthcare stocks saw losses, with Novartis and Zealand Pharma declining. Aerospace and defence stocks rose due to geopolitical tensions. Banks rebounded after a weak period. French stocks outperformed despite political concerns. Ocado shares fell after Kroger’s review of warehouse investments.

US treasury yields rise as bond market consolidates for Fed cut

American Treasury yields saw an increase on Friday. This happened even after weak economic data hinted at possible policy easing. The 10-year note yield hovered around 4%. Investors are awaiting retail sales data. The Federal Reserve meeting is scheduled next week. Markets anticipate a rate cut. The Fed’s future guidance remains uncertain.

Markets eye Fed rate cut as gold stays near all-time high

Gold prices are soaring, nearing record highs, fueled by expectations of a Federal Reserve rate cut amid a weakening U.S. labor market. Spot gold reached $3,649.54 per ounce, boosted by recent jobless claims data. UBS analysts predict a rise to $3,900/oz by mid-next year. Silver, platinum, and palladium also saw gains, with silver hitting a […]

Oil gains weighed down by US demand worries

Oil prices experienced a surge following a Ukrainian drone strike that halted loadings at a key Russian port. However, concerns about U.S. demand, fueled by a revised jobs report and rising inflation, limited gains. While attacks on Russian energy infrastructure could curb exports, potential tariffs on India and China, along with increased global supply, added […]