Gold futures ended lower on Friday, giving up earlier gains to feed a loss for the week as appetite returned for assets perceived as risky and bond yields climb.
Gold pared some of its earlier gains then turned lower after data Friday revealed that the University of Michigan consumer sentiment index rebounded to 92 in September from 89.8 in August. U.S. business inventories also increased by 0.4% in July and U.S. retail sales rose 0.4% in August.
December gold on Comex lost $7.90, or 0.5%,...
Hong Kong stocks finished Friday with a flourish as investors were cheered by easing tensions in the China-US trade row while also betting on another interest rate cut by the Federal Reserve next week.
The Hang Seng Index jumped 0.98 percent, or 265.06 points, to 27,352.69.
Source : AFP
U.S. stocks closed mostly lower on Friday after easing trade tensions and central bank policy moves briefly buoyed investor sentiment earlier in the day.
The S&P 500 was down less than 0.1% to end near 3,007. The Dow Jones Industrial Average advanced 36 points, or 0.1%, to finish around 27,219, based on preliminary numbers.The Nasdaq Composite fell 0.2% to end near 8,177.
The blue-chip Dow clinched its seventh consecutive gain, its longest such streak since 2018. Both the Dow and the...
The pound rose on Friday on a newspaper report that the U.K. government is contemplating some type of regulatory divergence between Northern Ireland the U.K. in an attempt to secure a Brexit deal.
According to The Times, Northern Ireland's DUP would be willing to accept some EU regulations following a U.K. withdrawal from the EU -- replacing the Irish backstop proposal -- raising some hopes of a new deal. But the DUP denied the report shortly afterwards.
GBP/USD jumped 0.8% to 1.2431 as of...
U.S. stocks were mostlly higher as the rotation from growth to value shares carried on. Treasury yields climbed and the dollar slipped.
Shares globally are headed for a third weekly gain thanks to easing trade fears and a new round of central bank stimulus. Higher-than-forecast U.S. retail sales in August added to the optimism. The Stoxx Europe 600 rose a fourth day led by banks and miners.
The S&P 500 Index rose 0.1% to 3,012.34 as of 11:35 a.m. New York time, the highest in more than...