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  • Aug 30, 2024

World stocks end turbulent month higher as U.S. inflation data looms

Global stocks rose on Friday and were set for a fourth straight month of gains despite a bout of heavy selling in early August, boosted by U.S. growth data that helped the dollar snap a weeks-long losing streak and kept bond markets on edge. U.S. stock futures also pointed to an extension of Wall Street's positive run, with Nasdaq contracts 0.7% higher and those tracking the S&P 500 index up 0.4%. The stunning recovery from an early August sell-off reminiscent of October 1987's "Black Monday" came as traders priced a so-called Goldilocks scenario in which the U.S. economy keeps growing, but not so much to prevent interest rate cuts.

  • Aug 30, 2024

Oil Holds Gain on Positive US Economic Data, Libya Disruptions

(Bloomberg) -- Oil steadied to end the week after positive US economic data and worsening supply disruptions in Libya buoyed prices.Most Read from BloombergDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA Guide to Urban Swimming in Europe, Beyond the SeineBrent for October traded around $80

  • Aug 30, 2024

South Africa’s Rand Surges to 13-Month High on Economy Optimism

(Bloomberg) -- The rand climbed to a 13-month high on Friday, riding a wave of optimism about South Africa’s economy and also buoyed by expectations of imminent Federal Reserve interest-rate cuts.Most Read from BloombergDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA Guide to Urban Swimmin

  • Aug 30, 2024

French Inflation Retreats to Its Lowest Level in Three Years

(Bloomberg) -- French inflation eased to its lowest level since July 2021 — bolstering the case for the European Central Bank to continue cutting interest rates after similar slowdowns in Germany and Spain.Most Read from BloombergDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA Guide to Urb

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