"Global Stock Markets Pause Following Record-Breaking Week"

1 min read
Source: Reuters
"Global Stock Markets Pause Following Record-Breaking Week"
Photo: Reuters
TL;DR Summary

Global stock markets paused after a week of record-setting gains, with profit-taking and a mixed performance from major indices. Dovish signals from central banks, including a surprise rate cut by Switzerland's central bank and the Bank of England's indication of potential rate cuts, contributed to the market's rally. The dollar struggled to extend gains as U.S. yields ticked lower, while the possibility of more monetary easing in China led to a sharp drop in the yuan. Additionally, U.S. crude and Brent futures fell, while gold prices fluctuated and investment flows into gold reached their highest in almost a year.

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