Stocks firm on Fed rate cut bets, gold on a tear
Global stocks are on the road for weekly earnings for promising global borrowing costs to stressful bond markets and dragging on the dollar.
European shares fell by 0.2 percent in the opening of trade on Friday, while Nasdaq and S&P 500 futures fell 0.1-0.2 percent by reaching new summits overnight.
The MSCI All Country World index still remained on the road for a weekly 1.7 percent gain.
In the meantime, Gold was on the road for the fourth -time earnings in a row and traded close to record levels with a sign that the investor’s concerns about global economic uncertainties continued.
While the stock exchanges in Asia had previously gained strong gains, Chinese shares reached the highest level of three and a half years and stemmed from exaggerated expectations for the increase in earnings.
The US consumer price report was the last major obstacle of interest rates that reduce the interest rates of the Federal Reserve next week, and the markets focused on weak job numbers the previous week.
Amundi Senior Multi -Portfolio Manager Amelie Derramure said, “Even if we have weaker figures in the labor market, the markets are really focusing on the impact of the fed that will provide a new support for future growth.”
Citi’s economist Veronica Clark said that the bank continues to expect 125 basic Fed ratio deductions at the next five meetings.
Futures markets show that the chance of a quarter of a quarter of a decrease of 93 percent is a decrease of 4.00 percent and the next week is 4.25 percent and the chance of cutting half a point is seven percent.
Benchmark 10 -year Treasury grades yield, Thursday for the first time since April, fell to four percent below 3 BPS increased to 4.043 percent.
In foreign exchange markets, the dollar index, which measures the green of six peers, rose to 97,757 by 0.2 percent.
On Friday, Japanese and US financial ministers won 0.5 percent against 147.89, after publishing a statement that no country’s financial ministers will not target the currency in any country’s policies.
The Euro rose to $ 0.1.171725 on Thursday by receiving a modest fleet on Thursday, which states that the European Central Bank did not change its rates and that it was “in a good place üzerinde on the policy.
“This shows that the management council is not inclined to relax in the absence of a major growth shock, Greg said Greg Plant, an economist in JPMorgan.
“Thus, we moved our call for a final ratio deduction from October to December.”
After the meeting, the ECB sources told Reuters that the December meeting would be the most realistic time period to discuss whether there is another segment to buffer the economy.
Markets mean only one fourth chance of the chance of alleviating December.
The UK economy has achieved zero growth in July in accordance with the estimates, but showed a sharp decrease in the factory and fell to $ 0.3 percent in the weight of sterling.
In the commodity markets, gold rose to $ 0.3 percent and ounce of ounce and $ 3,644, just above the record of $ 3.673.95 at the beginning of the week.
As OPEC continued to pump more products, the International Energy Agency predicted an even greater record of oil surplus in 2026 and oil prices were suppressed.
Brent, as barrels of 66.38 US dollars flat, while the US member reached $ 62.31 per barrel per barrel.
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