US futures rise at start of Q3, fresh record for gold- what's moving markets
Investing.com – U.S. futures pointed to a higher open on Wall Street as the second quarter kicks off. Gold prices surge to a fresh record on bets for rate cuts from the Federal Reserve. Trade volumes look set to remain light in holiday thinned trade and oil prices rise. Here’s what you need to know to start your day.U.S.
Each of the three main U.S. indexes recorded solid quarterly gains, led by a climb of over 10% for theWhether that rally continues into the second quarter is largely down to the Fed. At the start of the year markets had been expecting six rate cuts from the Fed – now just three are priced in and officials have not yet signalled that inflation has come down enough to justify a rate cut.
The European Commission has been investigating Microsoft's tying of Office and Teams since a 2020 complaint by Salesforce-owned competing workspace messaging app Slack.
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