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Pound Higher As U.K. GDP Beats Estimates

The pound appreciated against its major rivals in the European session on Wednesday, after a data showed that the economy expanded faster than expected in May.
RTTNews | 1519 days ago
UK Economy Recovers In May

UK Economy Recovers In May

The UK economy recovered in May with more holiday bookings and visits to doctors, data published by the Office for National Statistics showed Wednesday. Gross domestic product grew 0.5 percent from April, when output was down by revised 0.2 percent. Economists had forecast GDP to remain flat after April's initially estimated 0.3 percent fall.
RTTNews | 1519 days ago
Pound Climbs After U.K. GDP Data

Pound Climbs After U.K. GDP Data

At 2.00 am ET Wednesday, the Office for National Statistics has released the UK national accounts, industrial output and foreign trade figures. The pound advanced against its major rivals after the data.
RTTNews | 1519 days ago
Pound Mixed Ahead Of U.K. GDP Data

Pound Mixed Ahead Of U.K. GDP Data

At 2.00 am ET Wednesday, the Office for National Statistics releases the UK national accounts, industrial output and foreign trade figures. The economy is forecast to remain flat on month in May, following a 0.3 percent fall in April.
RTTNews | 1519 days ago
New Zealand Central Bank Hikes Rate Further

New Zealand Central Bank Hikes Rate Further

The New Zealand central bank raised its interest rate for the sixth straight time and vowed to continue its tightening mode to bring inflation back to the target. The Monetary Policy Committee of the Reserve Bank of New Zealand on Wednesday decided to lift the Official Cash Rate to 2.50 percent from 2.00 percent, as widely expected.
RTTNews | 1519 days ago
European Economics Preview: UK GDP, Foreign Trade Data Due

European Economics Preview: UK GDP, Foreign Trade Data Due

GDP estimates and foreign trade data from the UK and final inflation figures from Germany and France are due on Wednesday, headlining a busy day for the European economic news. At 2.00 am ET, the Office for National Statistics releases the UK national accounts, industrial output and foreign trade figures.
RTTNews | 1519 days ago
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Sensex, Nifty Rise As Inflation Worries Ease

Sensex, Nifty Rise As Inflation Worries Ease

Indian shares eked out modest gains on Wednesday after Brent crude futures plunged $7 to settle below $100 a barrel for the first time in three months on Tuesday, helping ease worries around inflation and interest-rate hikes.
RTTNews | 1519 days ago
Asian Markets Trading Mixed

Asian Markets Trading Mixed

Asian stock markets are trading mixed on Wednesday, following the broadly negative cues from Wall Street overnight, dragged by weakness in materials and energy stocks on potential drop in demand amid concerns about the emergence of a new, more infectious COVID-19 strain in several parts of the world. The surge in COVID-19 infections in China also hurt market sentiment.
RTTNews | 1519 days ago
Japanese Market Modestly Higher

Japanese Market Modestly Higher

The Japanese stock market is modestly higher on Wednesday, recouping some of the loss in the previous four sessions, with the Nikkei 225 moving above the 26,400 level, despite the broadly negative cues from Wall Street overnight, boosted by technology and financial stocks. Meanwhile, traders are concerned about the rising domestic cases of COVID-19 amid the seventh wave of infections.
RTTNews | 1519 days ago
Indonesia Stock Market Expected To Open In The Red

Indonesia Stock Market Expected To Open In The Red

The Indonesia stock market has moved lower in two straight sessions, slipping more than 20 points or 0.3 percent along the way. The Jakarta Composite Index now sits just beneath the 6,720-point plateau and it's expected to open lower again on Wednesday.
RTTNews | 1519 days ago
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian stock market is slightly higher on Wednesday after being in the red most of the morning session, recouping some of the losses in the previous two sessions, with the benchmark S&P/ASX 200 staying above the 6,600 level, despite the negative cues from Wall Street overnight, as gains in gold miners and technology stocks were almost offset by weakness in materials and energy stocks.
RTTNews | 1519 days ago

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