Forex News

UK Inflation Softens In August

UK consumer price inflation unexpectedly slowed to an 18-month low in August, official data showed ahead of the Bank of England's monetary policy announcement on Thursday, raising chances of a pause in the interest rate hike cycle. The consumer price index posted an annual increase of 6.7 percent in August after rising 6.8 percent in July, the Office for National Statistics reported Wednesday.
RTTNews | 658 days ago
General Mills Reaffirms FY24 Outlook - Update

General Mills Reaffirms FY24 Outlook - Update

While reporting financial results for the first quarter on Wednesday, branded food company General Mills, Inc. (GIS) reaffirmed its adjusted earnings growth and organic net sales growth outlook for the full-year 2024.
RTTNews | 658 days ago
European Shares Edge Higher Ahead Of Fed Decision

European Shares Edge Higher Ahead Of Fed Decision

European stocks advanced on Wednesday, as investors awaited the Fed's summary of economic projections and the updated quarterly rate projections — known as the dot plot —at the conclusion of a two-day policy meeting later in the day.
RTTNews | 658 days ago
FTSE 100 Climbs As Inflation Slows Unexpectedly

FTSE 100 Climbs As Inflation Slows Unexpectedly

U.K. stocks rose notably on Wednesday and the British pound weakened against other major currencies after data showed the U.K. consumer price inflation slowed unexpectedly in August.
RTTNews | 658 days ago
China Holds Benchmark Lending Rates Steady

China Holds Benchmark Lending Rates Steady

The People's Bank of China kept its benchmark lending rates unchanged on Wednesday after recent economic data suggested that the series of easing measures eventually started to provide positive impetus to the economy. After a 10 basis-point reduction in August, the one-year loan prime rate, or LPR, was kept unchanged at 3.45 percent.
RTTNews | 658 days ago
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DAX Gains As Producer Prices Decline At Record Pace

DAX Gains As Producer Prices Decline At Record Pace

German stocks advanced on Wednesday after preliminary data from Destatis showed German producer prices declined at a record pace in August mainly due to the base effect caused by the very high price level of the previous year.
RTTNews | 658 days ago
Asian Shares Decline As Investors Await Fed Decision

Asian Shares Decline As Investors Await Fed Decision

Asian stocks declined on Wednesday, as investors awaited the Fed's monetary policy decision, the summary of economic projections and the updated quarterly rate projections — known as the dot plot —at the conclusion of a two-day policy meeting later in the day.
RTTNews | 658 days ago
Sterling Slumps As U.K. Inflation Slows Unexpectedly

Sterling Slumps As U.K. Inflation Slows Unexpectedly

The British pound weakened against other major currencies in the European session on Wednesday, after data showed that the U.K. consumer price inflation slowed unexpectedly in August.
RTTNews | 658 days ago
Boeing Sees China Needing 8,560 New Commercial Airplanes In 20 Years

Boeing Sees China Needing 8,560 New Commercial Airplanes In 20 Years

Aerospace major Boeing projects that China will need 8,560 new commercial airplanes through 2042, and that the country will also account for 20 percent of the world's airplane deliveries in the next two decades. The forecast is based on China's significant economic growth well above the global average and fast growing demand for domestic air travel.
RTTNews | 658 days ago
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Wednesday.
RTTNews | 658 days ago

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