World Market News of the 26 August with FXOpen #ftsemib #fed #stockmarket #gold #xauusd #usdjpy
☑️ EUROPE STOCKS SET TO TICK LOWER AS INVESTORS WEIGH RISK OF WIDER MIDDLE EAST CONFLICT
Europe stock markets looked set to fall slightly on Monday, as traders digested rising tensions in the Middle East following strikes by both Israel and Hezbollah over the weekend.
The German Dax and Italy’s FTSE Mib were both called around 0.2% lower, according to IG Index data, while Spain’s Ibex is expected to open down around %. France’s Cac 40 looked set to open flat.
U.K. markets are closed Monday for a national bank holiday.
Source: CNBC
☑️ GOLD BULLS CELEBRATE AS JACKSON HOLE REINFORCES BETS ON RALLY
Gold’s record-setting rally above $2,500 an ounce looks to have further to run as the Federal Reserve prepares to chop rates, traditional drivers such as lower yields return, and Western investors pile back in.
Jay Hatfield, CEO of Infrastructure Capital Advisors, noted that the Fed was expected to be the last to cut rates, but Chair Jerome Powell’s Jackso
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