Soft U.S. Retail Data Trims Fed Rate Bets, Lifting European Equities and Gold
Falling yields and repricing toward a Federal Reserve pause drove the FTSE 100 and continental benchmarks higher, with bullion catching a bid as the dollar's rate advantage narrowed.
European equity benchmarks ticked higher as weaker-than-expected U.S. retail sales prompted markets to trim expectations for further Federal Reserve tightening. Government bond yields eased across the curve, providing a valuation tailwind for long-duration equity sectors, while gold advanced as real-rate expectations softened.
MARKET REPORTBULLISH