Latest news with #USData
Bloomberg
05-06-2025
- Business
- Bloomberg
Gold Holds Gain as Soft US Data Bolster Bets on Fed Rate Cuts
Gold held gains, after weaker-than-expected US data reinforced expectations that the Federal Reserve will cut interest rates at least twice this year to prevent a recession. Bullion traded near $3,375 an ounce, following a 0.6% increase on Wednesday, after separate reports showed a contraction in US service providers and a deceleration in hiring. Treasury yields fell after the prints, with swap traders pricing in two Fed reductions in October and December. Lower rates are typically a tailwind for gold, which doesn't bear interest.
Bloomberg
09-05-2025
- Business
- Bloomberg
Daybreak Weekend: U.S CPI, Walmart Preview
Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. - In the US – a look ahead to U.S eco data and earnings from the retail giant, Walmart. - In the UK – a look ahead to Portugal's general election. - In Asia – a look ahead to Japan industrial production, PPI, and GDP data.
