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Asian stocks rose after the Fed's rate cut, while US stocks fell amid volatility. Concerns grow that the cut signals economic trouble.
Gold stayed close to last week's record high, up 25% this year and breaking multiple records as a top-performing commodity.
Gold prices jumped 1.5% to a record high, fueled by expectations of a Fed rate cut after U.S. data signaled an economic slowdown.
Asian stocks rose on Thursday, following Wall Street's tech rally. Japan's Nikkei 225 surged 3%, while Chinese markets continued to struggle.
July inflation rose as expected due to higher housing costs, increasing the chance of a September rate cut, says the Labor Department.
The Canadian dollar rose from a 3-week low as oil steadied, and the BOC cited challenges in hitting its 2% inflation target.
US stocks rebounded Monday following the S&P 500's worst week of 2023, with investors focusing on inflation and its influence on potential rate cuts.
Asian stocks fell to a three-week low on Monday, led by Japan, after US jobs data suggested the Fed may have delayed cutting interest rates too long.
US job growth in July slowed more than expected, raising fears of a broader economic slowdown and causing risky assets to tumble throughout the month.
Oil prices rose slightly on Friday, as investors balanced a large US crude inventory draw and OPEC+ production delays with mixed US employment data.
Bullion steadied Thursday below $2500 after a market sell-off. It is expected to remain near this level until the NFP report is released.
Global stock futures and Treasury yields fell on Wednesday as a tech selloff raised concerns about the U.S. economic outlook.
The UK government stated it has "no plans" to rejoin Erasmus+, surprising many as the new PM focuses on resetting relations with the EU.
The Swiss franc eased Tuesday, but as investors use it over the yen for carry trades, the risk of a rapid rally remains a constant concern.
