Forex News

UK Inflation Strongest In 40 Years

Deepening the cost of living crisis, UK consumer price inflation accelerated further in July to the highest since 1982 on surging food and fuel prices, adding pressure on the Bank of England to tighten the policy again despite the looming recession. Consumer price inflation rose to 10.1 percent in July from 9.4 percent in June, the latest data from the Office for National Statistics showed on We
RTTNews | 1056 days ago
European Economics Preview: UK Inflation Data Due

European Economics Preview: UK Inflation Data Due

Consumer and producer prices from the UK and quarterly national accounts from the euro area are 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 July. Consumer price inflation is seen at 9.8 percent in July, up from 9.4 percent in June.
RTTNews | 1056 days ago
New Zealand Hikes Interest Rate By 50 Bps; Hints More Tightening

New Zealand Hikes Interest Rate By 50 Bps; Hints More Tightening

New Zealand's central bank raised its benchmark rate by another 50 basis points and hinted at more to come as policymakers focused on inflation pressures and capacity constraints. The Monetary Policy Committee of the Reserve Bank of New Zealand on Wednesday decided to lift the Official Cash Rate to 3.00 percent from 2.50 percent. The outcome of the meeting came in line with expectations.
RTTNews | 1056 days ago
European Shares Seen Tad Higher As Investors Await Fed Minutes

European Shares Seen Tad Higher As Investors Await Fed Minutes

European stocks look set to open on a positive note Wednesday, as investors await the release of minutes of the U.S. Federal Reserve's July meeting and the Euro zone's Q2 GDP data later in the day for clues on the economic and interest-rate outlook.
RTTNews | 1056 days ago
Sensex, Nifty Modestly Higher In Cautious Trade

Sensex, Nifty Modestly Higher In Cautious Trade

Indian shares were a tad higher on Wednesday, as falling oil prices and robust earnings from U.S. retailers helped offset concerns of darkening economic outlook globally.
RTTNews | 1056 days ago
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Thai Stock Market May Add To Its Winnings On Wednesday

Thai Stock Market May Add To Its Winnings On Wednesday

The Thai stock market has finished higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,630-point plateau and it may extend its gains on Wednesday.
RTTNews | 1056 days ago
Hong Kong Stock Market Due For Support On Wednesday

Hong Kong Stock Market Due For Support On Wednesday

The Hong Kong stock market has moved lower in two straight sessions, sinking more than 350 points or 1.8 percent along the way. The Hang Seng now rests just above the 19,830-point plateau although it's expected to find traction on Wednesday.
RTTNews | 1056 days ago
China Stock Market Predicted To Open In The Green

China Stock Market Predicted To Open In The Green

The China stock market on Tuesday ended the two-day slide in which it had dipped just 5 points or 0.2 percent. The Shanghai Composite Index remains just above the 3,275-point plateau and it's expected to open slightly higher again on Wednesday.
RTTNews | 1056 days ago
Tech Shares May Weigh On Taiwan Stock Market

Tech Shares May Weigh On Taiwan Stock Market

The Taiwan stock market has moved higher in four straight sessions, gathering more than 480 points or 3 percent along the way. The Taiwan Stock Exchange now rests just above the 15,420-point plateau although it may be stuck in neutral on Wednesday.
RTTNews | 1057 days ago

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