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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
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1056 days ago
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.
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1056 days ago
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.
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1056 days ago
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.
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1056 days ago
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.
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1056 days ago
Asian Shares Mostly Higher In Cautious Trade; Fed Minutes Eyed
Asian stocks were mostly higher on Wednesday, though the upside remained capped ahead of the release of minutes of the U.S. Federal Reserve's latest policy meeting later in the day.
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1056 days ago
Sensex, Nifty Set To Follow Asian Peers Higher In Cautious Trade
Indian shares are seen opening higher on Wednesday after oil prices fell around 3 percent overnight to hit a more than six-month low on worries about the outlook for energy demand and on a potential increase in OPEC supply.
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1056 days ago
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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.
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1056 days ago
Australia Wage Price Index Climbs 2.6% On Year In Q2
The wage price index in Australia was up 2.6 percent on year in the second quarter of 2022, the Australian Bureau of Statistics said on Wednesday.
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1056 days ago
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.
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1056 days ago
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.
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1056 days ago
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.
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1057 days ago
Japan Has Y1,436.8 Billion Trade Deficit In July
Japan posted a merchandise trade deficit of 1,436.8 billion yen in July, the Ministry of Finance said on Wednesday.
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1057 days ago
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