XM n’offre pas ses services aux résidents des États-Unis d’Amérique.

Wall Street ends higher, gold hits record ahead of rate cuts



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>GLOBAL MARKETS-Wall Street ends higher, gold hits record ahead of rate cuts</title></head><body>

Wall Street ends trading higher after ECB rate cut

Dollar slips against other major currencies

Oil jumps nearly 3% as Francine hits US production

Gold hits all-time high ahead of Fed cut

Graphic: World FX rates http://tmsnrt.rs/2egbfVh

By Pete Schroeder

Sept 12 (Reuters) -Wall Street eked out gains and gold surged to a record high on Thursday as investors awaited a Federal Reserve interest rate cut next week.

Major U.S. stock indexes spent much of the day in mixed territory before closing higher, after a rate cut from the European Central Bank and slightly hotter-than-expected U.S. producer prices kept outlooks locked on a modest Fed rate cut at its policy meeting next week.

At closing, the Dow Jones Industrial Average .DJI was up 0.58%, the S&P 500 .SPX was up 0.75%, and the Nasdaq Composite .IXIC was up 1% on the back of strong tech stock performance.

MSCI's gauge of stocks across the globe .MIWD00000PUS was up 1.08%.

Earlier on Thursday, the ECB announced its second rate cut in three months, citing slowing inflation and economic growth. The cut was widely expected, and the central bank did not provide much clarity in terms of its future steps.

The ECB's second quarter-point rate cut since June was widely expected, but how hard and fast the bank moves for the rest of the year still seems up in the air. 0#ECBWATCH

For investors, attention quickly shifted back to the Fed, which will announce its interest rate policy decision at the close of its two-day meeting next Wednesday. The Fed is widely expected to cut rates for the first time since 2020. Fresh economic data out Thursday morning appeared to further temper expectations the Fed could cut rates by 50 basis points next week and is likely to opt for a more modest 25 basis point reduction. Inflation data released on Wednesday had already dented expectations for a 50-basis-point cut.

"Here it is all but certain that the FOMC will vote to lower interest rates for the first time in this cycle, but there is still the question of by how much," Investec Economics wrote in a note. "We do not think that the economic backdrop warrants such a large move at this stage, and instead favour a 25bp reduction."

Data out of the U.S. the last two days showed inflation slightly higher than expectations, but still low. The core consumer price index rose 0.28% in August, compared with forecasts for a rise of 0.2%. U.S. producer prices increased more than expected in August, up 0.2% compared with economist expectations of 0.1%, although the trend still tracked with slowing inflation. FEDWATCH

The dollar slid against other major currencies. The dollar index =USD, which measures the greenback against a basket of currencies, was down 0.52% at 101.25, with the euro EUR= up 0.54% at $1.1071.

OIL, GOLD SURGE

Oil prices were up nearly 3%, extending a rebound as investors wondered how much U.S. output would be hindered by Hurricane Francine's impact on the Gulf of Mexico. Oil producers Thursday said they were curtailing output, although some export ports began to reopen.

U.S. crude CLc1 ended up 2.72% to $69.14 a barrel and Brent LCOc1 rose 2.21%, to $72.17 per barrel.O/R

Gold prices jumped to record highs Thursday, as investors eyed the precious metal as a more attractive investment ahead of Fed rate cuts.

Spot gold XAU= added 1.85% to $2,558 an ounce. U.S. gold futures GCc1 gained 1.79% to $2,557 an ounce.

"We are headed towards a lower interest rate environment so gold is becoming a lot more attractive. ... I think we could potentially have a lot more frequent cuts as opposed to a bigger magnitude," said Alex Ebkarian, chief operating officer at Allegiance Gold.

In bonds, 2-year Treasury yields US2YT=RR were up 1.2 basis points to 3.6579%, while 10-year yields US10YT=RR were at 3.683%, up 3 basis points.


Equity performance rests on whether economy enters recession https://reut.rs/3MMa7Gk


Additional reporting by Stella Qiu in Sydney; Editing by Alison Williams, David Evans, Leslie Adler and Chizu Nomiyama

https://www.reuters.com/markets/ For Reuters Live Markets blog on European and UK stock markets, please click on: LIVE/
</body></html>

Avertissement : Les entités de XM Group proposent à notre plateforme de trading en ligne un service d'exécution uniquement, autorisant une personne à consulter et/ou à utiliser le contenu disponible sur ou via le site internet, qui n'a pas pour but de modifier ou d'élargir cette situation. De tels accès et utilisation sont toujours soumis aux : (i) Conditions générales ; (ii) Avertissements sur les risques et (iii) Avertissement complet. Un tel contenu n'est par conséquent fourni que pour information générale. En particulier, sachez que les contenus de notre plateforme de trading en ligne ne sont ni une sollicitation ni une offre de participation à toute transaction sur les marchés financiers. Le trading sur les marchés financiers implique un niveau significatif de risques pour votre capital.

Tout le matériel publié dans notre Centre de trading en ligne est destiné à des fins de formation / d'information uniquement et ne contient pas – et ne doit pas être considéré comme contenant – des conseils et recommandations en matière de finance, de fiscalité des investissements ou de trading, ou un enregistrement de nos prix de trading ou une offre, une sollicitation, une transaction à propos de tout instrument financier ou bien des promotions financières non sollicitées à votre égard.

Tout contenu tiers, de même que le contenu préparé par XM, tels que les opinions, actualités, études, analyses, prix, autres informations ou liens vers des sites tiers contenus sur ce site internet sont fournis "tels quels", comme commentaires généraux sur le marché et ne constituent pas des conseils en investissement. Dans la mesure où tout contenu est considéré comme de la recherche en investissement, vous devez noter et accepter que le contenu n'a pas été conçu ni préparé conformément aux exigences légales visant à promouvoir l'indépendance de la recherche en investissement et, en tant que tel, il serait considéré comme une communication marketing selon les lois et réglementations applicables. Veuillez vous assurer que vous avez lu et compris notre Avis sur la recherche en investissement non indépendante et notre avertissement sur les risques concernant les informations susdites, qui peuvent consultés ici.

Avertissement sur les risques : votre capital est à risque. Les produits à effet de levier ne sont pas recommandés pour tous. Veuillez consulter notre Divulgation des risques