Pound Climbs Ahead Of Fed Minutes

The pound advanced against its major counterparts in the New York session on Wednesday, ahead of the release of the Federal Reserves July meeting minutes that could provide greater clarity on monetary policy easing. Remarks by Fed Chair Jerome Powell and other Fed officials at the Jackson Hole Economic Symposium later in the week may...

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European Stocks Close Higher On Fed Rate Cut Hopes

European stocks closed broadly higher on Wednesday, thanks largely to gains in the mining sector. The undertone remained firm amid continued optimism about an interest rate cut by the Federal Reserve next month. The Labor Department today revealed the U.S. economy created 818,000 fewer jobs than originally reported in the twelve-month period ended March 2024....

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DAX Edges Higher On Dovish Fed Expectations

German stocks were modestly higher on Thursday as a preliminary survey showed German business activity contracted in August for a second consecutive month and by more than expected, reinforcing investor bets on a September ECB rate cut. Dovish Fed expectations also underpinned sentiment following the release of minutes from the Federal Reserve meeting and a...

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CAC 40 Gains After Strong PMI Data

French stocks advanced on Thursday as a survey showed Frances private sector expanded in August for the first time since April, driven by the upturn in services activity. The composite output index rose to 52.7 in August from 49.1 in July, according to flash survey results from S&P Global. The score was forecast to remain...

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