Global stocks mixed after rallying over interest rate outlook
NEW YORK: European and US stock markets were mixed Friday after gaining earlier in the week over expectations of a series of interest rate cuts later this year.
NEW YORK: European and US stock markets were mixed Friday after gaining earlier in the week over expectations of a series of interest rate cuts later this year.
WILLEMSTAD, CURACAO, Netherlands Antilles: For four generations, the Cordero family traveled regularly from Venezuela to the island of Curacao to sell their fruit and vegetables at the picturesque “floating” market of Willemstad.
Kuwait: For the third year running, the Zain Alshaheed Park Ramadan Challenge kicks-off in strategic partnership with Suffix Events.
ISTANBUL: As the sun sets over the Bosphorus, a long queue forms on a street in Istanbul as people wait for iftar — the evening meal that breaks Ramadan’s daily fast.
TOKYO: Japan Airlines said Thursday that it is buying 42 airplanes from Boeing and Airbus as part of a drive to boost its international and domestic operations.
WELLINGTON: New Zealand has sunk into its second recession in just 18 months, official data showed Thursday, as wild weather and efforts to tame inflation weighed heavily on the economy.
HONG KONG: Gold rallied to a fresh record above $2,200 on Thursday as traders welcomed a Federal Reserve signal that it would cut interest rates three times this year.
HONG KONG: Markets rallied Thursday after Wall Street’s record-breaking day as traders welcomed news that the Federal Reserve still saw three interest rate cuts this year even after recent data pointed to a bounce in inflation.
LONDON: The Bank of England (BoE) kept its main interest rate at a 16-year high, rejecting a cut as inflation remains well above target despite recent slowing.
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