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UK Inflation Eases More Than Expected To 15-month Low
UK consumer price inflation slowed more than expected to a 15-month low in June, strengthening the case for a quarter point rate hike from the Bank of England rather than an aggressive half a percentage point increase at the August meeting. The consumer price index, or CPI, posted an annual increase of 7.9 percent in June, which was slower than the 8.7 percent rise in May.
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1160 days ago
NZ Dollar Retreats Against Majors
The New Zealand dollar retreated from its early highs in the Asian session on Wednesday.
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1160 days ago
U.K. Inflation Surprise Seen Lifting European Markets
Markets in Europe are expected to open on a firm note on Wednesday amidst expectations of a softening in the monetary policy outlook. The more-than-expected decline in inflation in the U.K. is expected to drive the positive sentiment.
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1160 days ago
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Wednesday.
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1160 days ago
Sensex, Nifty Up Marginally After Scaling New Highs
Indian shares are turning in a mixed performance Wednesday morning, with investors looking for direction and largely making stock specific moves.
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1160 days ago
European Economic News Preview: UK Inflation Data Due
Consumer and producer prices data from the UK is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for June.
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1160 days ago
Asian Markets Trading Mixed
Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from global markets overnight, as traders reacted to some upbeat earnings from major US financial giants, while also being concerned about global growth outlook amid China's economic troubles. Asian markets closed mostly lower on Tuesday.
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1160 days ago
more news
Indian Shares Likely To Open On Positive Note
Indian shares are likely to open higher Wednesday morning, tracking positive global cues. U.S. stocks closed higher overnight on upbeat earnings news, and the major European markets gained as well, while Asian stocks are broadly higher today.
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1160 days ago
Japanese Market Significantly Higher
The Japanese stock market is significantly higher on Wednesday, extending the gains in the previous session, with the Nikkei 225 moving above the 32,700 level, following the broadly positive cues from global markets overnight, with gains across most sectors, led by exporters and technology stocks.
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1160 days ago
Australian Market Notably Higher
The Australian stock market is notably higher on Wednesday, recouping the losses in the previous two sessions, with the benchmark S&P/ASX 200 moving above the 7,300 level, following the broadly positive cues from global markets overnight, with gains across most sectors, led by technology stocks as well as mining and energy stocks amid a spike in commodity prices.
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1160 days ago
Higher Open Projected For Hong Kong Stock Market
The Hong Kong stock market on Tuesday wrote a finish to the five-day winning streak in which it had surged almost 1,100 points or 6 percent. The Hang Seng Index now sits just above the 19,000-point plateau and it's tipped to open in the green on Wednesday.
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1160 days ago
China Bourse Tipped To End Losing Streak
The China stock market has tracked lower in back-to-back sessions, surrendering almost 40 points or 1.3 percent along the way. The Shanghai Composite Index now sits just shy of the 3,200-point plateau, although it's predicted to stop the bleeding on Wednesday.
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1160 days ago
New Zealand Inflation Climbs 6.0% On Year In Q2
New Zealand's consumer prices rose 6.0 percent on year in the second quarter of 2023, Statistics New Zealand said on Wednesday.
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1160 days ago
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