- Summary of market sentiment at the open after the Dow hit 30,000 yesterday (00:00).
- What to expect from the UK Spending Review (13:29).
- A look at WTI crude futures and update on API inventories from last night (16:00).
- Round up of the major calendar events for today's session (17:19).
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Gold price is consolidating Thursday's rebound early Friday. Gold price jumped after US GDP figures for the first quarter of 2024 missed estimates, increasing speculation that the Fed could lower borrowing costs. Focus shifts to US PCE inflation on Friday.
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The US Dollar strengthened, and stocks fell after statistical data from the US. The focus was on the preliminary estimate of GDP for the first quarter. Annualised quarterly growth came in at just 1.6%, down from the 2.5% and 3.4% previously forecast.