A look at Friday morning’s market action
Global markets were mostly higher ahead of key U.S. economic data that may signal the timing of the next Federal Reserve interest rate cut.
“While a modest upside surprise wouldn’t necessarily derail the path back to the target of inflation, it could impact the expected timing of the first cut and the number of cuts that could come over the next six months. That could rattle the markets at a time when sentiment is already a little cautious,” aid Kyle Rodda, a senior market analyst at Capital.com.
Brent crude futures for September dipped 1 US cent to US$82.36 a barrel, while West Texas Intermediate crude for September fell 6 US cents to US$78.22.
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