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UK Consumer Price Inflation Climbs Back To July High Of 10.1%
UK consumer price inflation accelerated more-than-expected in September, to reach its recent high marked in July, led mainly by rising food prices, preliminary figures from the Office for National Statistics showed Wednesday. The consumer price index rose 10.1 percent year-on-year following 9.9 percent increase in August. Economists had forecast 10.0 percent inflation.
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1031 days ago
Pound Falls After U.K. Inflation Data
At 2.00 am ET Wednesday, the Office for National Statistics has released UK consumer and producer prices for September. After these data, the pound weakened against its major rivals.
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1031 days ago
U.K. Inflation Data Seen Swaying European Stock Market Sentiment
European stock markets are expected to respond to the U.K.'s inflation readings for September due to be released before market hours. The sentiment boost provided by U.K.'s turnaround on fiscal measures and the expectations of strong corporate earnings would however temper the lingering fears of persistent inflation and forceful action by central banks.
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1031 days ago
European Economics Preview: UK Inflation Data Due
Consumer and producer prices data from the UK is due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for September. Consumer price inflation is seen at 10.0 percent versus 9.9 percent in August.
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1031 days ago
Asian Markets Mostly Higher On Global Cues
Asian stock markets are mostly higher on Wednesday, following the broadly positive cues from global markets overnight, reflecting a positive reaction to upbeat earnings news from US financial companies and renewed optimism over upcoming earnings. Traders also continue to pick up battered stocks at a bargain following the recent market weakness. Asian Markets closed mostly higher on Tuesday.
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1031 days ago
Thai Stock Market May Reclaim 1,600-Point Level
The Thai stock market has tracked higher in back-to-back sessions, gathering almost 30 points or 2 percent along the way. The Stock Exchange of Thailand now rests just above the 1,590-point plateau and it may add to its winnings on Wednesday.
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1031 days ago
Japanese Market Significantly Higher
The Japanese stock market is significantly higher in choppy trading on Wednesday, extending the gains in the previous session, with the Nikkei 225 moving above the 27,300 level, following the broadly positive cues from global markets overnight, as traders remain cautious and pick up battered stocks at a bargain following the recent market weakness.
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1031 days ago
more news
Indonesia Stock Market Has Firm Lead For Wednesday's Trade
The Indonesia stock market has tracked higher in two straight sessions, gathering almost 20 points or 0.3 percent along the way. The Jakarta Composite Index now rests just above the 6,830-point plateau and it's expected to open higher again on Wednesday.
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1031 days ago
Additional Support Called For Hong Kong Stock Market
The Hong Kong stock market has moved higher in three consecutive trading days, gathering more than 520 points or 3.1 percent along the way. The Hang Seng Index now sits just above the 16,910-point plateau and it's expected to find additional support again on Wednesday.
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1031 days ago
Australian Market Modestly Higher
The Australian stock market is modestly higher in choppy trading on Wednesday, extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 6,800 level, following the broadly positive cues from global markets overnight, as traders remain cautious and pick up battered stocks at a bargain following the recent market weakness.
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1031 days ago
Rebound Anticipated For China Stock Market
The China stock market on Tuesday snapped the two-day winning streak in which it had jumped almost 70 points or 2.3 percent. The Shanghai Composite Index now sits just above the 3,080-point plateau although it figures to bounce higher again on Wednesday.
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1031 days ago
Taiwan Shares Tipped To Continued Strength
The Taiwan stock market has finished higher in two of three trading days since the end of the four-day losing streak in which it had retreated more than 1,080 points or 7.5 percent. The Taiwan Stock Exchange now rests just above the 13,120-point plateau and it's expected to add to its winnings on Wednesday.
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1031 days ago
Singapore Bourse May Add To Tuesday's Gains
The Singapore stock market on Tuesday halted the eight-day losing streak in which it had tumbled more than 135 points or 4.4 percent to a 19-month closing low. The Straits Times Index now rests just above the 3,025-point plateau and it's due for additional support on Wednesday.
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1031 days ago
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