rate-cut bets

Asian stocks: Asian stocks fall after US tech slump; Yen swings: Markets wrap

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Asian stocks: Asian stocks fall after US tech slump; Yen swings: Markets wrap

Asian equities fell as fresh signs of slowing US inflation bolstered rate cut bets and spurred a rotation out of big tech stocks on Wall Street. The yen was volatile. Japanese shares fell more than 1% after Thursday’s rally in the yen prompted speculation that authorities had stepped in with official support. The currency fluctuated … Read more

Gold retreats from near record-high levels as rate-cut bets ease

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Gold retreats from near record-high levels as rate-cut bets ease

Gold prices were listless on Thursday after a recent rally lost steam to dip more than 1% in the previous session, as traders started pulling back their expectations of rate cuts by the U.S. Federal Reserve this year. FUNDAMENTALS * Spot gold held its ground at $2,377.48 per ounce, as of 0113 GMT. Bullion hit … Read more