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Top Gap Ups and Downs on Friday: BABA, PDD, INTU and More
ING Groep Advances in Multibillion Share Buyback
ING GROEP Advances Share Buyback Program
European Banks' Net Interest Income Momentum May Have Stalled -- Market Talk
Gold prices approach record highs, pay attention to US inflation data.
Gold rose slightly to near record highs, as investors await key inflation data that could prompt the Federal Reserve to cut interest rates next month. The price of gold briefly touched a high of $2478.61 per ounce, less than $5 away from the record high set last month. Traders are focused on the Consumer Price Index, which will be released later on Wednesday, for more clues on the Fed's interest rate path. The Producer Price Index released by the US on Tuesday was lower than expected by economists, indicating that inflation pressure is easing and therefore enhancing expectations of a rate cut. Atlanta Fed President Raphael Bostic said he would like to see "more one" before supporting a rate cut.
Deutsche Bank Remains a Buy on ING GROEP (0RIC)