Headlines:
Major currencies not up to much in final stretch of the weekGold spot prices hold steady despite surge in COMEX futures, what's next?What are the interest rates expectations for the major central banks?JP Morgan now sees the Fed delivering consecutive rate cuts through to year-endIndia reportedly pauses plans to buy US arms as trade dispute rages onSwitzerland July consumer sentiment -32.8 vs -32.2 priorMarkets:
It was largely a quiet session in European morning trade as markets look to settle down into the weekend, before gearing up towards the US CPI report next week.
Major currencies weren't up to much with the dollar holding steadier on the day but is keeping on the softer side this week. EUR/USD is down 0.15% to 1.1647 with large option expiries at 1.1650 keeping things sticky. USD/JPY is up 0.45% to 147.76 but holds around the Tuesday and Wednesday highs near 147.80.
Meanwhile, GBP/USD is flat at 1.3440 and the same for AUD/USD at 0.6523 with there being little appetite among currency traders.
In other markets, equities are keeping steadier with European indices posting slight gains to wrap up a good week. Regional stocks are looking to recover back a good chunk of the losses last week. As for US futures, the mood music is also positive with S&P 500 futures seen up 0.3%. Tech shares continue to hold more resilient and that's keeping things more optimistic as we head into the final stretch of the week.
After all the hustle and bustle from digesting poor US data and tariff developments, the focus now slowly turns towards the US CPI report in the week ahead. That will be the next key driver to give markets something to work with in piecing together the Fed outlook.
But before we get to the weekend, there will be the Canadian labour market report and perhaps watch out for headlines on seeking clarity about gold tariffs. Have a good weekend, everyone.
This article was written by Justin Low at investinglive.com.Hence then, the article about investinglive european markets wrap dollar stocks steady in final stretch of the week was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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