• Dec 16, 2024

Gold Edges Higher as Traders Assess Fed’s Rate-Cuts Outlook

(Bloomberg) -- Gold edged higher ahead of the Federal Reserve’s final interest-rate decision of the year, with traders also weighing the policy outlook for 2025.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearBullion’s gain followed a 2.6% decline in the previous two sessions on the back of mixed US data last week — including accelerating wholesale inflation and higher-than

  • Dec 16, 2024

UK Homebuilder Stocks Flash Buy Signal After Year-End Slump

(Bloomberg) -- British homebuilder stocks are flashing a key buy metric for the first time in more than a year, indicating a possible end to a slump spurred by concern that elevated mortgage rates will hamper demand.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearThe Bloomberg UK Homebuilder Index is trading at a price-to-book ratio of less than 1, loosely meaning the equit

  • Dec 16, 2024

ECB Broadly Comfortable With Market’s Rate-Cut Bets, Wunsch Says

(Bloomberg) -- Investor bets on how much lower the European Central Bank’s interest rates will have to fall are relatively consistent with policymakers’ own assessments, according to Governing Council member Pierre Wunsch.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearAsked about wagers on four to five more quarter-point cuts from the current 3% level, the Belgian official