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UK GDP Unexpectedly Stagnates In July

The UK economy unexpectedly stagnated in July as falls in production and construction was offset by an increase in services output, official data revealed Wednesday. Real gross domestic product showed nil growth for the second straight month, the Office for National Statistics reported. GDP was forecast to grow 0.2 percent. The 0.1 percent rise in...

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Asian Shares Retreat Ahead Of US CPI Data

Asian stocks declined on Wednesday as investors watched the latest updates on the Trump-Harris presidential debate and braced for U.S. consumer price inflation data that could influence the Federal Reserves policy moves next week. Analysts expect the headline CPI to have risen 0.2 percent month-on-month in August, unchanged from the previous month. The dollar dropped...

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Yen Rises After BoJ Junko Nagakawa Comments

The Japanese yen strengthened against other major currencies in the Asian session on Wednesday, after the Bank of Japan policymaker Junko Nagakawa signaled about on potential interest rate hikes. The BoJ board member Nagakawa stated that the central bank may adjust the extent of its monetary easing if the economy and prices align with its...

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