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UK Inflation Slows Slightly In May
UK consumer price inflation softened in May as the slowdown in transportation costs was largely offset by the rise in food prices and reinforced expectations that the Bank of England will maintain the interest rate steady this week. The consumer price index registered an annual increase of 3.4 percent, slightly slower than the 3.5 percent rise seen in April, the Office for National Statistics said
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17天前
Bank Indonesia Holds Interest Rate Steady At 5.5% As Expected; Hints At Reduction
Indonesia's central bank left its benchmark interest rate unchanged on Wednesday after a quarter-point reduction in May and hinted at further reduction to support economic growth. The Bank Indonesia Board, led by Governor Perry Warjiyo, maintained the BI rate at 5.50 percent. The bank had reduced the rates twice this year, in May and January.
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17天前
U.S. Housing Starts Plunge Much More Than Expected In May
The Commerce Department released a report on Wednesday showing a steep drop by new residential construction in the U.S. in the month of May.
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17天前
CPI Softening Boosts FTSE 100
Better-than-expected CPI readings from the U.K. bolstered sentiment, helping FTSE 100 outperform its peers.
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17天前
U.S. Weekly Jobless Claims Edge Down In Line With Estimates
First-time claims for U.S. unemployment benefits edged modestly lower in the week ended June 14th, according to a report released by the Labor Department on Wednesday.
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17天前
CAC 40 Retreats After Short-lived Rebound
Despite attempting a rebound, the CAC 40 index that tracks the 40 largest French stocks based on the Euronext Paris has shed around half a percent in Wednesday's trading.
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17天前
FDA Launches Commissioner's National Priority Voucher Program
The U.S. Food and Drug Administration announced launch of a new program to issue Commissioner's National Priority Vouchers or CNPVs, which shortens review time significantly, with a view to support national health priorities. The new CNPV program, which will begin in 2025, aims to accelerate the drug review process for companies while maintaining the FDA's rigorous standards for safety, efficacy..
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17天前
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Swiss Franc Falls Against Majors
The Swiss franc weakened against other major currencies in the European session on Wednesday.
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17天前
DAX Trades In The Red
The DAX benchmark that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange is trading in the overnight red zone amidst war clouds intensifying in the Middle East.
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17天前
Sensex, Nifty End With Small Losses
Indian shares ended slightly lower on Wednesday as investors kept a close watch on escalating developments in the Israel-Iran conflict and awaited the Federal Reserve's interest-rate decision later in the day.
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17天前
Eurozone Inflation Eases To 1.9% As Estimated
Eurozone inflation slowed in May, as initially estimated, on falling energy prices, final data from Eurostat revealed on Wednesday. Inflation softened to 1.9 percent in May from 2.2 percent in April. The rate fell below the European Central Bank's 2 percent target for the first time since September 2024.
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17天前
European Shares Mixed; FTSE 100 Rises After Inflation Data
European stocks were mixed on Wednesday, with Middle East tensions, regional inflation data and central bank decisions in focus.
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17天前
Asian Shares Mixed Before Fed Rate Decision
Asian stocks ended mixed on Wednesday as Middle East unrest deepened, and focus shifted to the Federal Reserve's interest-rate decision later in the day.
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17天前
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