1. Gold prices rise as USD weakens
Spot gold prices rose nearly 2,430 USD/ounce, supported by a weaker dollar and expectations that the Federal Reserve will soon cut interest rates. Investors are focusing on US inflation data for further signals on monetary policy.
News August 11: Gold increases, USD weakens, global market shakes strongly
2. US stocks rise on expectations of lower interest rates
Wall Street's major indexes rose on bets the Fed could ease policy by year-end, with technology and consumer stocks leading the gains.
3. Oil prices hold steady amid supply risks
Brent oil remains around 83 USD/barrel, as traders weigh the risk of limited supply from OPEC+ and weak demand in China.
4. China announces new real estate stimulus package
Beijing has rolled out a series of measures to support the housing market, including credit easing and home buyer incentives, to stabilize the economy in the face of downward pressure on growth.
5. US – EU make progress on trade
The two sides agreed to continue to reduce tensions and move towards a common agreement on green industry subsidies, opening up new prospects for cooperation in international trade.
6. Middle East conflict escalates
Fighting in Gaza between Israel and armed groups continues to escalate, raising concerns about global energy security and weighing on market sentiment.
7. Bank of Japan considers adjusting interest rates
BoJ is expected to slow down bond purchases and may raise interest rates sooner than expected, to curb inflation that has exceeded the set target.
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