Joe Raedle/Getty Images News The unemployment rate marked its third consecutive monthly rise in June, and BNP Paribas said another increase may lead it to change its rate-cut projection for this year. The unemployment rate rose to 4.1% in June from 4.0% in May, the Labor Department said Friday. InContinue Reading
monsitj/iStock via Getty Images Gold futures extended recent gains to jump to six-week highs Friday, as the June jobs report that showed an increase in the unemployment rate to 4.1% was seen as a sign that high interest rates are slowing down the economy. There were other indications that couldContinue Reading
Investors’ pessimism about the short-term outlook for the stock market decreased this week, as recent economic data stoked hopes of interest rate cuts. A total of 26.1% of respondents of the American Association of Individual Investors, or AAII Sentiment survey, said they think the market will trend down in theContinue Reading
da-kuk/E+ via Getty Images London (UKX) +0.56% with parliamentary election in focus. Investors will be closely watching how the Labour Party can gather a majority vote, to replace the Conservatives after 14 years. Germany (DAX:IND) +0.23% Germany June construction PMI 39.7 vs 38.5 prior; Germany May industrial orders -1.6% vsContinue Reading
monsitj/iStock via Getty Images Gold futures rallied Wednesday to the highest in nearly a month, as the dollar slumped on renewed hopes for a September interest rate cut by the Federal Reserve following U.S. data suggesting a softening labor market. The U.S. reported first-time applications for unemployment benefits increased lastContinue Reading
Funtap Real estate investment trusts, or REITs, continued to lower their net asset value discount in June as investor sentiment improved on the back of increased hopes for a near-term rate cut. Traders see a 66.5% probability of a September 25-basis-point rate cut now, compared to 47.0% at the beginningContinue Reading
Chicago Federal Reserve President Austan Goolsbee said policymakers should cut interest rates if U.S. inflation continues to fall back to the 2% target, reported Bloomberg News on Tuesday. According to the report, Goolsbee, while speaking on Bloomberg TV in Sintra, Portugal, said he feels “we are on a path toContinue Reading
Investing.com– Bitcoin price moved little on Tuesday as anticipation of token distributions from the now defunct exchange Mt Gox, along with closely-watched cues on interest rates, kept crypto markets on edge. Fund flow data showed digital assets marking a third straight week of outflows, although sentiment appeared to be improvingContinue Reading
Investing.com– Bitcoin price rose on Monday, recovering a measure of recent losses, although sentiment towards the token and broader crypto markets remained largely negative. Markets were on edge over a potential, major liquidation event with the now defunct exchange Mt Gox set to begin distributions of stolen tokens from thisContinue Reading
Trinity Capital (NASDAQ:TRIN) on Friday announced an adjustment to the conversion rate of its 6.00% convertible notes due 2025 as a result of the company’s cash dividend of $0.51 per share, payable on July 15, to stockholders of record as of June 28. The ex-dividend date for dividend was JuneContinue Reading
