European shares are expected to see modest gains following a slight increase in Asian shares, as the dollar weakens ahead of key inflation data that could impact global monetary policy decisions.
Vedanta Is Said to Weigh $1 Billion Share Sale Soon as June
Indian billionaire Anil Agarwal’s company Vedanta Ltd. is reportedly considering a share sale in the coming weeks that could potentially raise up to 85 billion rupees ($1 billion), according to sources familiar with the matter.
Gold prices steady as focus turns to US inflation data
Gold prices remained stable on Tuesday as the dollar weakened and investors awaited important U.S. inflation data that could provide insight into the Federal Reserve’s timeline for interest rate cuts. The spot price of gold held at $2,349.89 per ounce at 0600 GMT, following a 1% increase in the previous session.
Dollar ebbs as markets await key global inflation reports
The dollar weakened on Tuesday as risk appetite increased slightly, but it remained stable against other currencies as investors awaited key inflation data from major economies.
Oil prices steady as investors await inflation data, OPEC+ meeting
Oil prices remained stable in early Asian trading on Tuesday as investors awaited inflation data to assess future monetary policy in the United States and production policy decisions from the OPEC+ meeting on June 2.
Japan’s business service prices rise at fastest annual pace since March 2015
According to data from the Bank of Japan, Japanese corporate services prices in April experienced their highest growth rate since early 2015.
Asian Stocks Tread Water Before Inflation Data: Markets Wrap
Asian stocks traded within a narrow range on Tuesday, while the dollar weakened ahead of the release of inflation data that is expected to have an impact on global monetary policy.
Rupee rises to 2-month high of 83.1 vs $
The Indian rupee closed at 83.10 in the foreign exchange market on Friday