Gold prices advance for third consecutive session Markets pricing in Fed 25bp rate hike in May Gold might retest resistance at 2,032oz technicals April 13 Reuters Gold prices rose for a third consecutive session on Thursday, as softerthanexpected U.S. inflation data prompted bets that the Federal Reserve might raise rates just once more before pausing. […]

FTSE 100 down 0.1, FTSE 250 adds 0.1 April 13 Reuters The UK39;s FTSE 100 slipped in early trading on Thursday, snapping a fourday winning streak as weakness in crude prices dragged oil stocks, while gains in homebuilders capped some losses. The commodityheavy FTSE 100 edged 0.1 lower, while the midcap FTSE 250 added 0.1 as of […]

PREVIOUS TRADING DAY EVENTS 11 April 2023 Announcements  The Federal Open Market Committee FOMC statement was released at 2100. The Fed is on track to proceed with further interest rate hikes, despite the warnings for a recession. Policymakers commented that recent developments in the banking sector were likely to result in tighter credit conditions for […]

Dollar index on course for fifth weekly losses Euro touches twomonth high LONDONSINGAPORE, April 13 Reuters The dollar fell to a twomonth low on Thursday after data showed U.S. inflation slowed sharply in March, bolstering hopes that the Federal Reserve39;s ratehiking campaign is either already finished or will be by May. Figures released on Wednesday showed […]

LVMH hits alltime high after strong Q1 report Tesco expects flat annual profit after inflation hit STOXX 600 up 0.1, France39;s CAC 40 adds 0.9 April 13 Reuters European shares edged higher on Thursday, supported by gains in luxury stocks after LVMH posted strong firstquarter sales and hopes of a pause in the U.S. Federal […]