European stocks closed higher on Wednesday after softer than expected U.S. consumer price inflation data helped ease concerns about the outlook for interest rate. Investors expect a couple of interest rate cuts from the Federal Reserve this year, while awaiting the central bank\'s monetary policy announcement, due later in the day. The pan European Stoxx...
While announcing its widely expected decision to leave interest rates unchanged on Wednesday, the Federal Reserve also revealed officials now expect only one interest rate cut this year. In support of its goals of maximum employment and inflation at the rate of 2 percent over the longer run, the Fed said it decided to maintain...
Industrial production from the euro area is the top economic news due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany wholesale prices for May. Economists expect wholesale prices to grow 0.3 percent on month, following a 0.4 percent gain in April. Half...
European stocks look set to open a tad lower on Thursday after seeing strong gains the previous day on optimism over easing inflationary pressures in the world\'s largest economy. Traders are still betting on two interest-rate cuts in 2024 despite the Fed\'s projection for one rate cut this year. Markets await more U.S. economic data...
Producer prices in Japan were up 0.7 percent on month in May, the Bank of Japan said on Wednesday. That exceeded expectations for an increase of 0.4 percent and was up from the upwardly revised 0.5 percent gain in April (originally 0.3 percent). On a yearly basis, producer prices climbed 2.4 percent - again topping...
The Indonesia stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day winning streak in which it had jumped almost 130 points or 1.9 percent. The Jakarta Composite Index now sits just above the 6,850-point plateau and it\'s likely to remain in that neighborhood...
Consumer prices in China were up 0.3 percent on year in May, the National Bureau of Statistics said on Wednesday. That was shy of expectations for 0.4 percent and unchanged from the previous month. On a monthly basis, inflation fell 0.1 percent versus forecasts for a flat reading after rising 0.1 percent in April. The...
The Thai stock market has moved lower in back-to-back sessions, shedding more than 15 points or 1.1 percent along the way. The Stock Exchange of Thailand now sits just above the 1,315-point plateau and it\'s likely to see little movement on Wednesday. The global forecast for the Asian markets suggests little movement ahead of key...
The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened most major currencies in the Asian session on Wednesday, as traders await the U.S. inflation report and the Federal Reserve decision later in the day. Economists expect consumer prices to inch up by 0.1 percent in May after climbing by 0.3...
U.K. stocks advanced on Wednesday ahead of the release of key U.S. inflation data and the Federal Reserve\'s interest-rate decision due later in the day. Meanwhile, the U.K. economy stagnated in April as growth in services output was offset by falls in both production and construction output, the Office for National Statistics said earlier today....