Category: Stride
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Stocks stride to record highs ahead of US inflation test
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By Tom Westbrook SINGAPORE (Reuters) – Stocks rose on Thursday as markets from Tokyo to New York hit record highs, as traders awaited U.S. data expected to show inflation is falling and pave the way for an interest rate cut in September. Bonds and the dollar remained steady, keeping the…
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Steady euro takes ECB rate cut in stride By Reuters
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Written by Alden Bentley, Alun John and Ray Wee NEW YORK/LONDON/SINGAPORE (Reuters) – The euro fluctuated in a narrow range on Thursday after the European Central Bank cut interest rates from record high levels after months of anticipation, rising and then falling briefly with the results of the European Central…