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CAC 40 Drops On Oil Rally, Eurozone Inflation Spike
The CAC 40 slipped 0.22% Tuesday as Middle East tensions drove oil prices up 2.3% and inflation concerns mounted. Eurozone inflation reached 3.3% in August, the highest level since September 2023, fueling rate-hike expectations.
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5 days ago
Indian Shares End Marginally Lower Amid Middle East Turmoil
Indian shares ended slightly lower on Tuesday amid escalating Middle East tensions and concerns over monetary tightening in the U.S.
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5 days ago
German Equities Slide 1.1% On Geopolitical Risks, Economic Headwinds
German equities declined Tuesday as geopolitical tensions, rising oil prices, and accelerating Eurozone inflation weighed on sentiment. The DAX fell 293.04 points to 25,988.45, dragged down by weak retail sales data and higher bond yields.
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5 days ago
Gold Tumbles On Rate Fears
Gold prices tumbled on Tuesday as rising oil prices and bond yields stoked worries about inflation and interest-rate hikes.
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5 days ago
Eurozone Inflation Strongest Since 2023
Eurozone inflation accelerated to the highest level in nearly three years in August, reinforcing expectations for an interest rate hike at the European Central Bank's meeting next week. Inflation advanced to 3.3 percent in August, as expected, from 2.9 percent in July, flash data from Eurostat revealed Tuesday. The rate was the highest since September 2023, when inflation was 4.4 percent.
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5 days ago
Oil Prices Rise On Supply Disruption Concerns
Oil prices were sharply higher on Tuesday after the U.S. and Iran returned to tit-for-tat strikes, raising concerns about energy supplies and shipping through the Strait of Hormuz, a key waterway through which one-fifth of the world's oil is transported.
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5 days ago
NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the European session on Tuesday.
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5 days ago
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Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the European session on Tuesday.
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5 days ago
European Shares Drift Lower On Rate-hike Concerns
European stocks declined on Tuesday as rising oil prices and bond yields stoked worries about inflation and interest-rate hikes.
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5 days ago
UK House Price Growth Accelerates
UK house price growth accelerated in August despite economic uncertainties, data from the Nationwide Building Society showed Tuesday. House prices grew 1.6 percent on a yearly basis, faster than the 1.4 percent rise in July but weaker than economists' forecast of 2.0 percent. Month-on-month, house prices gained 0.2 percent, in contrast to the 0.1 percent fall in July.
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5 days ago
Asian Shares Slide On Inflation, Rate Hike Concerns
Asian stocks retreated on Tuesday as rising U.S.-Iran tensions pushed Brent prices above $91 a barrel and added to worries about inflation and interest rates.
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5 days ago
European Shares Set For Softer Start On Inflation Concerns
European stocks may drift lower at open on Tuesday following a downbeat session on Wall Street overnight.
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5 days ago
Indian Shares Open Lower On Inflation Worries
Indian shares were subdued in early trade on Tuesday as surging oil prices fueled worries over inflation and raised the likelihood of tighter monetary policy, with traders now pricing a 57 percent chance of a September rate hike by the Federal Reserve.
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5 days ago
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