(Bloomberg) — European stocks look set to follow their Asian peers higher on bets that the next U.S. consumer price report will allow the Federal Reserve to begin easing policy in September. Most read on Bloomberg Euro Stoxx 50 futures rose 0.3%, while U.S. equity contracts traded little changed. MSCI’s benchmark index for Asian shares … Read more
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank cut its benchmark rate for the first time since March 2020 and announced further cuts in coming months, saying inflation was moving closer to its 1% to 3% target in a marked dovish tilt that prompted a sell-off in the dollar. The decision to cut … Read more
The DXY index falls below 103.00 as US producer price index figures disappoint. US economic growth continues to trend higher, suggesting that markets may be overestimating aggressive easing requirements. CPI is now in focus for a clearer inflation outlook. On Tuesday, the US dollar (USD), as measured by the US Dollar Index (DXY), showed a … Read more