adminOil Gains as Traders Await Powell Clues on Interest-Rate Outlook
(Bloomberg) — Oil pulled back some of its weekly loss with markets advancing in the lead up to Federal Reserve Chair Jerome Powell’s Jackson Hole speech that will give clues about the path for US interest rates. Most Read from Bloomberg Brent crude climbed near $78 a barrel, but was still down more than 2% on the week. Stock markets were also higher Friday before Powell’s…
Global equity funds see sharp inflows on Fed rate cut hopes
(Reuters) – Global investors ploughed money into equity funds in the week to Aug. 21, encouraged by expectations of a Federal Reserve rate cut in September and easing concerns about the U.S. economy. According to LSEG data, investors snapped up $15.73 billion worth of global equity funds during the week, marking their largest weekly net purchase since July 17. Expectations of Fed rate cuts soared as…
