Britain’s FTSE 100 clinched a fresh record close with consumer-related stocks leading the gains, while investors digested an inflation report that diminished hopes for a near-term Bank of England rate cut.
The dollar was mixed as traders awaited the Federal Reserve’s Jackson Hole Economic Policy Symposium later this week for further clues on U.S. interest rate policy. A speech on Friday by Fed Chair Jerome Powell is this week’s main focus
Intel is getting a $2 billion capital injection from SoftBank Group in a major vote of confidence for the troubled U.S. chipmaker that is in the middle of a turnaround effort. The equity investment is a lifeline for the once-iconic U.S. chipmaker.
U.S. stocks dipped as investors gear up for what Federal Reserve chair Jerome Powell will say about the path of interest rates at a key conference later in the week. The Nasdaq slid more than 1% to its lowest in over two weeks
Japan’s Nikkei share average extended its gains from last week to end at a record high, as a weaker yen pushed automakers’ stocks higher. Japanese shares rallied this month on renewed optimism over the domestic corporate outlook
Oil prices edged up as investors awaited talks between U.S. President Trump and his Ukrainian counterpart after an inconclusive U.S.-Russia summit in Alaska. Ukrainian President Volodymyr Zelenskiy said he was ready to work to end the war with Russia ahead of a meeting with Trump
