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UK Inflation Unchanged At 2.8% Ahead Of BoE Decision
Despite transport cost pressures, UK consumer price inflation remained stable in May, ahead of the Bank of England's policy announcement on Thursday. Consumer prices registered an annual increase of 2.8 percent, the same rate as seen in April, the Office for National Statistics said Wednesday. Prices were expected to climb 3.0 percent.
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86 days ago
CAC 40 Edges Higher Ahead Of Fed Policy Announcement
French stocks turned in a mixed performance Wednesday morning with investors looking ahead to the Federal Reserve's monetary policy announcement, due later today, and the signing of a peace agreement by Washington and Tehran later this week in Switzerland.
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86 days ago
Gold Prices Little Changed Ahead Of Fed Verdict
Gold prices were little changed on Wednesday after four straight days of gains and ahead of the Federal Reserve's rate decision later in the day.
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86 days ago
DAX Modestly Lower In Cautious Trade; BMW Down Sharply After Lowering Outlook
Despite coming off early lows, the German market remained in negative territory a little before noon on Wednesday, weighed down by sharp losses in auto stocks.
The mood in the market remained cautious with investors looking ahead to the U.S. Federal Reserve's monetary policy announcement due later in the day, and the signing of a Iran peace deal in Switzerland later this week.
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86 days ago
Pound Falls As UK CPI Rises Less-than-expected
The British pound weakened against other major currencies in the European session on Wednesday, following the release of U.K. consumer inflation data in May.
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86 days ago
Oil Prices Little Changed Near Three-month Lows
Oil prices edged up slightly on Wednesday, after having fallen sharply in the previous session on expectations of increased supply.
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86 days ago
European Shares Subdued Ahead Of Fed Decision
European stocks were subdued on Wednesday as caution gripped markets ahead of the U.S. Federal Reserve's interest-rate decision later in the day and the signing of a peace deal between Washington and Teheran on Friday in Switzerland.
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86 days ago
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Asian Shares Mixed As Investors Await Fed Rate Decision
Asian stocks ended mixed on Wednesday ahead of the U.S. Federal Reserve's interest-rate decision under Chairman Kevin Warsh later in the day and Friday's signing of the U.S.-Iran interim peace agreement.
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86 days ago
Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Wednesday.
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86 days ago
European Shares Set For Softer Opening Ahead Of Fed Decision
European stocks are seen opening on a cautious note on Wednesday as investors seek more clarity on the U.S.-Iran interim peace deal and await the U.S. Federal Reserve's interest-rate decision later in the day for new insights on policy signals under the new Fed Chair.
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86 days ago
European Economic News Preview: UK Inflation Data Due
Consumer and producer prices data from the UK is top economic news due on Wednesday. At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for May. Inflation is expected to rise to 3.0 percent from 2.8 percent in April. Output price inflation is seen unchanged at 4.0 percent in May.
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86 days ago
Indian Shares Modestly Higher Led By IT Stocks
Indian shares were modestly higher in cautious trade on Wednesday as investors sought more clarity on the U.S.-Iran interim peace deal and awaited the U.S. Federal Reserve's interest-rate decision later in the day.
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86 days ago
Australian Market Swings To Notable Gains In Mid-market
The Australian stock market is swinging to notable gains in mid-market moves on Wednesday after opening in the red, extending the gains in the previous three sessions, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the mixed cues from Wall Street overnight, with gains across most sectors led by in gold miners and technology stocks. Energy stocks are the only weak spot.
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86 days ago
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