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UK Inflation Hits 10-Month High On Airfares, Food Prices
UK consumer price inflation accelerated to a 10-month high in January on higher airfares and food prices, data from the Office for National Statistics showed on Wednesday. The consumer price index logged a 3.0 percent rise in January, following December's 2.5 percent increase. This was the fastest growth since March 2024. Prices were forecast to climb 2.8 percent.
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111 days ago
Philips Shares Hit On Q4 Loss, Q1 Outlook Amid Weakness In China
Shares of Royal Philips N.V. were losing around 12 percent in the morning trading in Amsterdam as well as in pre-market activity on the NYSE, after the Dutch consumer electronics giant reported Wednesday a loss in its fourth quarter, compared to prior year's profit, amid nearly flat sales. Further, amid ongoing weakness in China, the company projects lower margin and comparable sales in its first
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111 days ago
FTSE 100 Down Marginally As Investors React To Results, Inflation Data
U.K. stocks are slightly lower Wednesday morning, weighed down by data showing a bigger than expected increase in the nation's consumer price inflation. Fears of fresh tariffs by the U.S. weigh as well.
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111 days ago
Sensex, Nifty End Marginally Lower After Volatile Session
Indian shares fluctuated before finishing on a flat note Wednesday.
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111 days ago
CAC 40 Edging Lower In Cautious Trade
French stocks are drifting lower Wednesday morning, shifting to reverse gear after successive days of gains. Fears of fresh tariffs by the U.S. after President Donald Trump spoke about the possibility of a 25% levy on imports of automobile, semiconductors and pharma products from April, weigh on sentiment.
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111 days ago
DAX Extends Recent Gains, Climbs To Fresh Record High
German stocks edged higher to fresh record highs Wednesday morning, extending gains to a third straight session, with investors digesting the latest batch of earnings updates, and continuing to assess the likely impact of U.S. government's trade and economic policies.
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111 days ago
Pound Rises On Strong U.K. CPI Data
The British pound strengthened against other major currencies in the European session on Wednesday, after U.K. consumer price inflation rose more than expected to a 10-month high in January.
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111 days ago
more news
European Shares Mixed As UK Inflation Jumps More Than Expected
European stocks were mixed on Wednesday after closing at a record high in the previous session.
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111 days ago
Asian Shares Mixed In Cautious Trade
Asian stocks ended mixed on Wednesday amid lingering tariff concerns and tense Russia-Ukraine negotiations.
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111 days ago
Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Wednesday.
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111 days ago
New Zealand Central Bank Cuts Rate; Signals Steeper Easing
The Reserve Bank of New Zealand cut its interest rate further by 50 basis points on Thursday and signalled more reductions this year to support economic growth. The Monetary Policy Committee of the Reserve Bank of New Zealand, led by Governor Adrian Orr, decided to lower the Official Cash Rate to 3.75 percent from 4.25 percent. The bank has lowered the rate by 175 basis points since August.
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111 days ago
NZ Dollar Recovers Despite RBNZ Rate Cut
The New Zealand recovered from recent weakness against other major currencies in the Asian session on Wednesday, despite the Reserve Bank of New Zealand cut its interest rate by 50 basis points as inflation remained near the mid-point of the target band.
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111 days ago
European Economic News Preview: UK Inflation Data Due
Consumer and producer prices from the UK is the top economic news due on Wednesday, headlining a light day for the European economic news. At 1.00 am ET, Statistics Finland is set to publish final inflation figures for January.
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111 days ago
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