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India Wholesale Price Inflation At 2-Year Low On Easing Food, Energy Prices
India's wholesale price inflation softened further at the start of the year to the lowest level in twenty-four months amid continued slowdown in prices for food articles, fuel and power, provisional data from the Ministry of Commerce and Industry revealed on Tuesday. The wholesale price index, or WPI, climbed 4.73 percent year-over-year in January, slower than the 4.95 rise in December.
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824天前
FTSE 100 Gains On Inflation Optimism
U.K. stocks advanced on Tuesday, with expectations of cooling inflation and encouraging earnings updates helping underpin investor sentiment.
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824天前
CAC 40 Inches Higher As Investors Await US Inflation Data
French stocks opened higher on Tuesday, the dollar declined, and bond yields eased as investors remained convinced that key U.S. inflation data due later in the day would show an easing in price pressures on an annual basis.
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824天前
DAX Edges Higher Ahead Of US Inflation Data
German stocks opened slightly higher on Tuesday amid expectations that key U.S. inflation data for January due later in the day will show downward pressure on prices year-on-year.
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824天前
Walmart To Close Three Tech Hubs, Urges Employees To Return To Offices
Walmart Inc. plans to close three of its 11 U.S. technology hubs, asking employees to relocate to other locations, the Wall Street Journal reported citing an internal memo. The retail major would also require nearly all technology employees to return to their offices for at least two days a week, while some roles may be converted into remote positions.
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824天前
Japanese Yen Higher As Ueda Nominated To Be BoJ Governor
The Japanese yen advanced against its major counterparts on Tuesday, following the nomination of Kazuo Ueda as the next governor of the Bank of Japan.
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824天前
Asian Shares Advance As Investors Await U.S. Inflation Data
Asian stocks rose on Tuesday, the dollar slipped, and Treasury bond yields remained pressured as investors remained convinced that key U.S. inflation data due later in the day would show an easing in price pressures on an annual basis.
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824天前
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Australia Consumer Sentiment Weakens Sharply: Westpac
Australia's consumer sentiment declined sharply in February to near historic lows seen last year due to the cost of living pressures and interest rate hikes, survey results from Westpac showed on Tuesday. The Westpac-Melbourne Institute consumer sentiment index fell 6.9 percent to 78.5 in February from 84.3 in January.
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824天前
European Economic News Preview: UK Unemployment Data Due
The labor market statistics from the UK and flash quarterly national accounts from the euro area are the top economic news due on Tuesday. At 1.30 am ET, France's statistical office INSEE is set to release quarterly unemployment data. The jobless rate is seen unchanged at 7.3 percent in the fourth quarter.
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824天前
Australia Business Confidence & Conditions Strengthen In January
Australia's business confidence and conditions improved in January signaling that the economy remained resilient to headwinds from inflation and higher interest rates, survey results from National Australia Bank showed on Tuesday. The business confidence index rose to +6 in January from zero in December. Following two months of rebound, confidence turned positive.
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824天前
European Shares Seen Flat To Slightly Lower With Focus On US Inflation
European stocks may open broadly lower on Tuesday as investors await the all-important U.S. consumer price inflation report later in the day, which could impact the outlook for interest rates.
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824天前
Daiso California Recalls Certain Prepackaged Snacks
La Mirada, California-based Daiso California LLC is recalling certain prepackaged snacks due to undeclared allergen ingredients, the U.S. Food and Drug Administration said. The products contain milk, soy, wheat, or tree nuts, such as almonds, cashew, or coconut. The recall was initiated after it was discovered that packaging did not adequately disclose the presence of all allergens.
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824天前
Sensex, Nifty Open Higher Led By IT Stocks
Indian shares opened a tad higher in cautious trade on Tuesday, with IT stocks pacing the gainers.
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824天前
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