Editor

By Caroline Valetkevitch and Isla Binnie NEW YORK (Reuters) -World stock indexes and Treasury yields rose on Monday while the dollar dipped as investors weighed the prospect of Republican Donald Trump winning the U.S. presidential race after he survived an assassination attempt over the weekend. The Dow hit a record high early, helped by some upbeat earnings results including from Goldman Sachs, which was up 1.6%. Investors have tended to react to the prospect of … Read more…

(Reuters) – Federal Reserve Chair Jerome Powell said on Monday the three U.S. inflation readings over the second quarter of this year do “add somewhat to confidence” that the pace of price increases is returning to the Fed’s target in a sustainable fashion, remarks that suggest a turn to interest rate cuts may not be far off. “In the second quarter, actually, we did make some more progress” on taming inflation, Powell said at an … Read more…

By Noel Randewich and Medha Singh (Reuters) -Wall Street closed higher on Friday, with the S&P 500 and Dow Jones Industrial Average hitting intraday record highs, on bets that the U.S. Federal Reserve will cut interest rates in September, while big banks fell after reporting mixed results. Some of the market’s most valuable companies bounced back after dipping in the previous session. Apple and Nvidia each climbed more than 1%. The S&P 500 and Dow … Read more…

WASHINGTON (Reuters) -Meta said on Friday it was rolling back some restrictions that had applied to former U.S. President Donald Trump’s Facebook and Instagram accounts. The social media company indefinitely suspended Trump’s accounts following his praise of people who stormed the U.S. Capitol on Jan. 6, 2021. The company then reinstated his accounts in early 2023, saying it would monitor Trump’s posts for further violations that could result in another suspension of between one month … Read more…

WASHINGTON (Reuters) -Billionaire Elon Musk has donated to a political group working to elect former U.S. President Donald Trump, Bloomberg reported on Friday, citing sources. The report did not indicate how much Musk donated but added it was “a sizable amount” given to a group called America PAC. Bloomberg reported that the PAC – a group that can receive unlimited contributions for political activity – is next required to disclose its list of donors on … Read more…

LONDON (Reuters) – Pressure on Joe Biden to step out of the U.S. presidential election race, mounting expectations of a September Fed rate cut, Q2 earnings, an ECB meeting and Britain’s king unveiling the legislative programme of the new Labour Government. Don’t race off for that summer break just yet. Here’s what to expect in the week ahead for world markets from Ira Iosebashvili in New York, Yoruk Bahceli in Amsterdam, Li Gu in Shanghai, … Read more…