Asian Stocks to Rise After US Gains, China Support: Markets Wrap
European equities held near their all-time peak on Monday, supported by record-high prices for copper and gold and expectations for interest-rate cuts in the coming months.
European equities held near their all-time peak on Monday, supported by record-high prices for copper and gold and expectations for interest-rate cuts in the coming months.
Activist investor Elliott Investment Management has built a large position in industrial giant Johnson Controls International Plc, whose performance has lagged its peers, according to people familiar with the matter.
Gold surged to a record, boosted by increasing optimism the Federal Reserve will start easing monetary policy this year and by rising geopolitical tensions in the Middle East.
The Bank of England will be able to cut interest rates “some time over the summer” if second round inflation pressures drop away as expected, Deputy Governor Ben Broadbent said.
Oil traded in a narrow range on Monday as the market watched for any fallout from political ructions in two of the world’s major crude producers.
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