Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
NEW YORK, Aug 28 - Wall Street headed higher and crude prices advanced on Monday, at the outset of a week likely to be light in volume but heavy with economic data, which could affect whether the Federal Reserve will take a rate-hike breather in September.
"We're in a news lull until we get back into earnings season and there's more action and discussion coming from the Fed," Carlson added. Ahead of the upcoming Labor Day weekend, a barrage of high profile economic data, including the August employment report, PCE inflation, ISM PMI and the Commerce Department's second take on April-June GDP, all of which could provide insight regarding the Fed's next policy move.
European stocks enjoyed their best day in a month, advancing 0.9% under the power of China-related tech shares. Oil prices eased back from earlier gains driven by Beijing's steps to jumpstart its flagging economy due to worries that additional tightening from the Fed could be in the cards.U.S. crude rose 0.34% to settle at $80.10 per barrel, while Brent settled at $84.42, down 0.07% on the day.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall St eyes higher open as focus shifts to economic data for interest rate cuesKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Read more »
Dollar eases against euro as investors ponder rate paths, China's stamp dutyKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Read more »
Post-pandemic, world facing gloomy stew of debt, trade wars and poor productivityKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Read more »
Oil steadies as China moves to support economy, tropical storm in focusKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Read more »
Futures rise as focus shifts to inflation, jobs dataKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Read more »
Major Gulf bourses fall on Fed chair's hawkish toneKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Read more »