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U.S. Housing Starts Pull Back Much More Than Expected In August
After reporting significant increases in new residential construction in the U.S. over the two previous months, the Commerce Department released a report on Wednesday showing housing starts pulled back by much more than expected in the month of August. The Commerce Department said housing starts plummeted by 8.5 percent to an annual rate of 1.307 million in August.
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vor 16 Tagen
UK Inflation Unchanged At 3.8%
U.K. consumer price inflation remained sticky in August on higher food prices, official data showed Wednesday, ahead of the policy announcement by the Bank of England on Thursday. The consumer price index rose 3.8 percent on a yearly basis in August, the same rate of increase as seen in July, the Office for National Statistics reported. Inflation matched economists' expectations and stood well ab
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vor 16 Tagen
U.S. Housing Starts Plunge 8.5% In August, Much More Than Expected
After reporting significant increases in new residential construction in the U.S. over the two previous months, the Commerce Department released a report on Wednesday showing housing starts pulled back by much more than expected in the month of August.
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vor 16 Tagen
Bay Street Seen Opening On Cautious Note; BoC, Fed Rate Decisions Eyed
The Canadian market is likely to open on a cautious note on Wednesday, with investors awaiting monetary policy announcements from the Bank of Canada and the Federal Reserve. Weak commodity prices may weigh on resources stocks.
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vor 16 Tagen
Bank Indonesia Cuts Rate Unexpectedly
Indonesia's central bank reduced its key interest rate unexpectedly to the lowest level since 2022 to stimulate economic growth and also raised expectations for more reductions. The Bank Indonesia board, governed by Perry Warjiyo, decided to cut the BI rate by 25 basis points to 4.75 percent. Markets anticipated the central bank to hold the rate this time amid political unrest.
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vor 16 Tagen
Indian Rupee Rises To Near 3-week High On Trade Talk Optimism
The Indian rupee strengthened against the U.S. dollar in the Asian session on Wednesday, after India and the U.S. agreed to speed up talks on a bilateral trade.
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vor 16 Tagen
FTSE 100 Modestly Higher In Cautious Trade
UK stocks are up in positive territory a little past noon on Wednesday with investors digesting the nation's inflation data and looking ahead to the Federal Reserve's rate decision, due on Wednesday, and the Bank of England's policy announcement due later today.
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vor 16 Tagen
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CAC 40 Modestly Lower In Cautious Trade
French stocks are down in negative territory Wednesday afternoon with investors making cautious moves, looking ahead to the Federal Reserve's monetary policy announcement, due later in the day.
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vor 16 Tagen
DAX Pares Early Gains, Down Slightly
After opening on a firm note and staying quite positive till around mid morning, the German market gave up gains and was down slightly a little past noon on Wednesday, as investors focus on the Federal Reserve's interest rate decision, due later in the day.
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vor 16 Tagen
Sensex, Nifty Extend Gains For Second Day
Indian shares ended higher for a second consecutive session on Wednesday after India and the U.S. agreed to speed up talks on a bilateral trade.
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vor 16 Tagen
NZ Dollar Falls Against Majors
The New Zealand dollar weakened against other major currencies in the European session on Wednesday.
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vor 16 Tagen
European Shares Inch Up Before Fed Decision; UK Inflation Holds Steady Ahead Of BoE Meeting
European stocks edged higher on Wednesday ahead of the U.S. Federal Reserve's interest-rate decision later in the day.
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vor 16 Tagen
Asian Shares Mixed As Investors Await Fed Decision
Asian stocks ended mixed on Wednesday ahead of the Federal Reserve interest-rate decision later in the day, with a 25-bps rate cut already priced in.
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vor 16 Tagen
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