Stocks mostly rose and the dollar retreated Wednesday on hopes for further US interest rate cuts and a solid set of company earnings.

Gold surged to a fresh high above $4,200 an ounce, boosted also by a fresh flare-up in China-US tensions.

The dollar was weighed by warnings from Federal Reserve boss Jerome Powell on risks to the US labour market, reinforcing expectations the central bank will cut rates at its October meeting.

A series of weak jobs reports led the Fed to trim borrowing costs last month for the first time in 2025.

“The Fed and a raft of better-than-expected earnings reports are driving sentiment,” said Kathleen Brooks, research director at trading group XTB.

Paris surged more than two percent, after the world’s biggest luxury group LVMH beat earnings expectations, trigg

See Full Page