Gold steadies, set for positive week after soft jobs data cools rate hike bets
The Federal Reserve currently finds itself in a ‘bit of a goldilocks situation’ with softening US labor data easing pressure to urgently hike rates, according to TD Securities US Rates Strategist Molly Brooks. (Source: Bloomberg)
Gold extended two days of gains after weak US jobs data reduced the chances of the Federal Reserve raising interest rates this year to tackle inflation.
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Japan’s retail investors purchased a record amount of local shares last week, when a tech selloff sent equity gauges plunging.
Quantum Systems has raised $1.2 billion in a funding round, more than doubling the German drone startup’s valuation to about $8 billion post-money, in the latest example of investors’ enthusiasm for defense-related bets.
Swiss inflation slowed in June for the first time in eight months, suggesting the impact of lower oil costs are feeding through to the domestic economy.
“Bloomberg: The China Show” is your definitive source for news and analysis on the world’s second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)