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UK Economy Shrinks In July
The UK economy contracted in June on weaker out-turns in the services and industrial sectors, suggesting that the region is heading for a mild recession in the second half of the year. Real gross domestic product fell 0.5 percent in July, offsetting June's 0.5 percent increase, the Office for National Statistics reported Wednesday.
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Asian Shares Mostly Lower Ahead Of US Inflation Report
Asian stocks ended mostly lower on Wednesday as investors braced for key U.S. inflation data due later in the day that could influence rate hike expectations.
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Pound Slides Against Majors
The British pound weakened against other major currencies in the early European session on Wednesday.
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Antipodean Currencies Fall As Asian Shares Traded Lower
Antipodean currencies such as the Australia and the New Zealand dollar weakened against its major counterparts in the Asian session on Wednesday, as traders remained cautious ahead of the release of a key U.S. inflation data later in the day that could influence the outlook for interest rates. Inflation fears due to the continued spike in crude oil prices also weighed on sentiment.
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Verizon To Offer All New Apple IPhone 15, Watch Lineup
Telecom major Verizon Communications Inc. said it will offer Apple Inc.'s all new lineup of iPhone 15 and iPhone 15 Plus, as well as Apple Watch Series 9 and Apple Watch Ultra 2. Verizon will also offer iPhone 15 Pro and iPhone 15 Pro Max, Apple's lightest Pro models ever. The new Apple Watch lineup also includes the second generation of Apple Watch SE, and AirPods Pro.
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Yen Slides Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
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European Shares To See Cautious Start As US Inflation Data Looms
European stocks are seen opening on a subdued note Wednesday as investors await U.S. consumer price inflation data later in the day that might show that price pressures accelerated in August from the prior month due to rising fuel prices and strong consumer spending.
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NZ Dollar Drops Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Wednesday.
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Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Wednesday.
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Pred 638 dňami
European Economic News Preview: UK GDP Data Due
Monthly GDP, industrial output and foreign trade data from the UK and industrial production 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 GDP, industrial output and foreign trade figures. The economy is forecast to shrink 0.2 percent on month, in contrast to the 0.5 percent rise in June
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FDA Warns CVS Health, Walgreens Against Unapproved Eye Products
The U.S. Food and Drug Administration has warned eight companies including CVS Health and Walgreens Boots Alliance, Inc. against manufacturing or marketing unapproved ophthalmic drug products in violation of federal law. The agency has issued warning letters to these companies as part of its ongoing effort to protect Americans from potentially harmful ophthalmic products.
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Sensex, Nifty Subdued In Early Trade; IT Stocks Drag
Indian shares were subdued on Wednesday as investors awaited the release of U.S. inflation data later in the day that could influence the Federal Reserve's policy path.
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Asian Markets Track Wall Street Lower
Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from Wall Street overnight, as traders remained cautious ahead of the release of a key US inflation data later in the day that could influence the outlook for interest rates. Inflation fears due to the continued spike in crude oil prices also weighed on sentiment. Asian markets closed mixed on Tuesday.
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