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Stocks shrug off patchy data; gold set for first weekly loss of 2024

Stocks shrug off patchy data; gold set for first weekly loss of 2024

© Reuters. A pedestrian is reflected on a glass of a business building while an electric board showing Nikkei index is seen in the building at a business district in Tokyo, Japan January 23, 2024. REUTERS/Kim Kyung-Hoon/File Photo   XAU/USD +0.17% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: Please name your holdings…

EU Commission cuts 2024 euro zone growth forecast, sees smaller inflation

EU Commission cuts 2024 euro zone growth forecast, sees smaller inflation

© Reuters. FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, July 14, 2021. REUTERS/Yves Herman//File Photo By Jan Strupczewski BRUSSELS (Reuters) -The euro zone economy will grow slower than expected this year after price growth eroded purchasing power and high ECB interest rates curbed credit, but inflation in 2024…

ECB policymakers push back on hasty rate cuts even as inflation falls

ECB policymakers push back on hasty rate cuts even as inflation falls

© Reuters. FILE PHOTO: European Central Bank (ECB) President Christine Lagarde speaks to reporters following the Governing Council’s monetary policy meeting at the ECB headquarters in Frankfurt, Germany, January 25, 2024. REUTERS/Kai Pfaffenbach/File Photo FRANKFURT/MADRID (Reuters) – Euro zone inflation is heading back towards the 2% target but the European Central Bank still needs more…

Australia trade minister to ask China to lift barriers, query Wang sentence

Australia trade minister to ask China to lift barriers, query Wang sentence

© Reuters. FILE PHOTO: Australia’s Trade Minister Don Farrell attends a press conference following a meeting with Chinese Commerce Minister Wang Wentao, in Beijing, China May 12, 2023. REUTERS/Florence Lo/Pool/File Photo CANBERRA (Reuters) – Australia’s trade minister said on Tuesday he would meet his Chinese counterpart at a World Trade Organization conference in Abu Dhabi…