Before the Bell: What every Canadian investor needs to know today

Markets are watching the Bank of England’s guidance on interest rates and Wall Street reopening after yesterday’s holiday.Global stocks held near record highs, supported by investor confidence in the prospect of a drop in U.S. interest rates this year.

“We still feel that this is a bank that wanted to cut six months ago and fully expect an implication of a cut in August, with the door open for more to come after,” he said. In other commodities, gold prices touched a two-week high as softer U.S. economic data increased the likelihood of interest rate cuts from the Federal Reserve this year.

Source: News Formal (newsformal.com)

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