European shares advanced on Wednesday, driven by corporate earnings, though gains were limited by weak oil and metal prices. Investors also awaited Federal Reserve Chair Jerome Powell’s second day of testimony for more insights on interest rates. By 0815 GMT, the pan-European STOXX 600 rose 0.2%, with real estate shares climbing over 1%. Gains […]

    Senator Michael Bennet of Colorado has become the first Senate Democrat to openly express concerns about President Joe Biden’s ability to win the upcoming election. In an appearance on CNN, Bennet confirmed that he had shared these concerns with fellow Senators Jon Tester of Montana and Sherrod Brown of Ohio. However, he stopped

  The dollar remained near three-week lows on Wednesday, influenced by a cautious tone from Federal Reserve Chair Jerome Powell that kept risk sentiment subdued. Meanwhile, the New Zealand dollar fell after the country’s central bank hinted at potential rate cuts. In his first day of testimony to Congress, Powell stated that a rate cut

  Chinese inflation fell short of expectations in June, prompting ING analysts to argue that this trend supports the need for the People’s Bank of China (PBOC) to further ease monetary policy, likely through interest rate cuts. In June, the Chinese consumer price index (CPI) inflation decreased from the previous month, with the annual figure

The U.S. dollar held steady in early European trading on Wednesday, lingering near a three-week low following the first day of Federal Reserve Chair Jerome Powell’s two-day testimony on Capitol Hill. Meanwhile, the euro remained stable amid ongoing political uncertainty. At 05:25 ET (09:25 GMT), the Dollar Index, which measures the greenback against a basket

Revised Article: Fed Chair Jerome Powell is set to make another appearance on Capitol Hill Wednesday, with Wall Street trading remaining largely range-bound in anticipation. Meanwhile, Microsoft has decided to relinquish its seat on the OpenAI board, and weak inflation data from China suggests a slowing recovery in this crucial economy. 1. Powell Returns to