Oddbean

Morning Bid: Gold glitters, inflation jitters ========== Markets' main focus will be on whether Britain's inflation sticks to the global script. U.S. consumer prices fell for the first time in four years in June. New Zealand inflation slowed more than expected. Britain's sticky services inflation was running at 5.7% year-on-year in May and is tipped at an uncomfortable 5.6% for June. Sterling was steady at $1.2978. Gold scaled record highs in Asia on firmer expectations of interest rate cuts. Taiwan stocks were wobbled by Donald Trump equivocating on the United States' commitment to the island. Shares in Taiwanese chipmaker TSMC were down 1.4%. Earnings due later on Wednesday at Dutch semiconductor equipment supplier ASML are expected to show new orders booming. #Gold #Inflation #Britain #UnitedStates #NewZealand #Taiwan #InterestRates #Sterling #Chipmaker #Asml https://www.investing.com/news/economy-news/morning-bid-gold-glitters-inflation-jitters-3522052