DAX Slips On Inflation Concerns

European Shares Edge Lower Following US Tech Selloff

European stocks were subdued on Wednesday after closing at five-month high in the previous session on news of a potential Ukraine-Russia summit.

RTTNews | 12 minutos atrás

UK Inflation Hits 18-Month High

UK consumer price inflation accelerated to an 18-month high in July on airfares and food prices, suggesting that the Bank of England is likely to delay further easing. The consumer price index posted an annual growth of 3.8 percent after rising 3.6 percent in June, the Office for National Statistics reported Wednesday.

RTTNews | 28 minutos atrás

Asian Shares Mixed As Tech Stocks Track Declines In US Peers

Asian stocks ended mixed on Wednesday as investors locked in profits in tech stocks amid concerns over valuations and reports of potential U.S. government equity stakes in major chipmakers.

RTTNews | 39 minutos atrás

Australian Dollar Falls Amid RBA Rate Cut Speculation

The Australian dollar weakened against other major currencies in the Asian session on Wednesday, as traders expect two or more rate cuts if inflation continues to decline as anticipated. Earlier this month, the Reserve Bank of Australia (RBA) lowered its cash rate to 3.60 percent from 3.85 percent, as widely expected.

RTTNews | 1 h 17 min atrás

New Zealand Hints At More Interest Rate Cuts

The Reserve Bank of New Zealand reduced its key interest rate by 25 basis points to a three-year low and hinted at further easing on Wednesday. The Monetary Policy Committee, governed by Christian Hawkesby, voted to lower the Official Cash Rate to 3 percent from 3.25 percent. The bank has reduced the rate by 250 basis points since August 2024.

RTTNews | 1 h 32 min atrás

NZ Dollar Slides As RBNZ Cuts Rate By 25 Bps

The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday, after the Reserve Bank of New Zealand decided to cut its key interest rate by 25 basis points and signaled further easing.

RTTNews | 2 h 53 min atrás

European Economic News Preview: UK Inflation Data Due

Consumer prices from the UK and the euro area due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK consumer prices for July. Inflation is seen rising to 3.7 percent in July from 3.6 percent in the previous month.

RTTNews | 3 h 14 min atrás

China Leaves Benchmark Interest Rate Unchanged

The People's Bank of China maintained its interest rates on Wednesday, as Beijing focus on fiscal policy easing and more targeted measures. The central bank left its one-year loan prime rate at 3.0 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was retained at 3.50 percent. The bank had reduced its both LPRs by quarter points in October 2024.

RTTNews | 3 h 24 min atrás

EURUSD	1.16366	GBPUSD	1.34998	AUDUSD	0.64355
USDJPY	147.502	USDCAD	1.38774	USDCHF	0.80802