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Hot U.K. Inflation Data Lifts Pound
The pound was higher against its major counterparts in the European session on Wednesday, as the nation's consumer inflation exceeded expectations in February, raising expectations for a quarter-point rate increase by the Bank of England on Thursday.
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vor 883 Tagen
FDA Clears Eat Just's Good Meat Cultivated Chicken
The US Food and Drug Administration has cleared cultivated chicken developed by GOOD Meat Inc., the cultivated meat division of alternative foods startup Eat Just Inc. This is FDA's second pre-market consultation for a human food made from cultured animal cells after UPSIDE Foods. GOOD Meat is now required to meet Federal requirements including approvals from the US Department of Agriculture.
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vor 883 Tagen
Asian Stocks Buoyed By U.S. Govt Promise On Bank Support
Asian markets gained on Wednesday amidst a global bullish sentiment that followed renewed assurances from the U.S. govt on support amidst the banking crisis. Markets in the meanwhile are expecting the Fed to settle for a 25-basis points rate hike later in the day.
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vor 883 Tagen
New Zealand Consumer Confidence Improves In Q1
New Zealand's consumer confidence improved in the first quarter but remained at a very low level as households are grappled with skyrocketing living costs, higher mortgage rates and a deepening downturn in the property market, a survey conducted by the Westpac bank and the consultancy firm McDermott Miller showed Wednesday.
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vor 883 Tagen
Australia Leading Index Continues To Signal Below Trend Growth
Australia's leading index continued to suggest below-trend growth for the coming three to nine months largely due to the lagged effects of rising interest rates, survey data from Westpac showed Wednesday. The six-month annualized growth rate in the Westpac-Melbourne Institute Leading Index rose slightly to -0.94 percent in February from -1.04 percent in January.
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vor 883 Tagen
Pound Rises Following U.K. CPI, PPI
At 3.00 am ET Wednesday, the Office for National Statistics has released UK consumer and producer prices for February. The pound rose against its major counterparts after the data.
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vor 883 Tagen
Pound Mixed Ahead Of U.K. CPI, PPI
At 3.00 am ET Wednesday, the Office for National Statistics releases UK consumer and producer prices for February. Consumer price inflation is forecast to rise to 9.9 percent from 10.1 percent in January.
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vor 883 Tagen
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European Benchmarks Seen Opening Strong
Markets in Europe are expected to open on a strong note on Wednesday tracking the bullish momentum in the Asian markets as well as the rally in Wall Street, a day earlier.
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vor 883 Tagen
Sensex, Nifty Shed Some Gains After Bright Start
After opening on a firm note and climbing further up, Indian shares pared a significant portion of their gains and are modestly higher around mid morning on Wednesday.
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vor 883 Tagen
European Economic News Preview: UK Inflation Data Due
Consumer and producer price figures from the UK are due on Wednesday, headlining a light day for the European economic news. At 3.00 am ET, the Office for National Statistics releases UK consumer and producer prices for February. Consumer price inflation is forecast to rise to 9.9 percent from 10.1 percent in January. Output price inflation is seen at 12.4 percent versus 13.5 percent in January.
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vor 883 Tagen
Australian Dollar Rises Amid Risk Appetite
The Australian dollar strengthened against other major currencies in the Asian session on Wednesday, as Asian stocks traded higher amid easing concerns about turmoil in the financial sector following recent coordinated steps taken by governments and the central banks to rescue distressed banks in the U.S. and Europe.
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vor 883 Tagen
Asian Markets Higher As Bank Turmoil Eases
Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from global markets overnight, amid easing concerns about turmoil in the financial sector following recent coordinated steps taken by governments and the central banks to rescue distressed banks in the U.S. and Europe. Asian markets closed mostly higher on Tuesday.
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vor 883 Tagen
Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Wednesday.
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vor 883 Tagen
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