UK inflation remained unchanged at the official target in June but the stability of services inflation reduced chances of a rate cut in August. The consumer price index grew 2.0 percent on a yearly basis, the same pace of growth as seen in May, the Office for National Statistics said Wednesday. Headline inflation was expected...
Asian stocks ended mixed on Wednesday while the dollar edged up as Donald Trump\'s election odds rose and the U.S. Republican presidential candidate said that Taiwan should pay the U.S. for supplying the island with defense equipment. Regional losses, if any, were limited as U.S. Treasury yields fell on hopes of a September rate cut...
A report released by the Federal Reserve on Wednesday showed industrial production in the U.S. increased by more than expected in the month of June. The Fed said industrial production climbed by 0.6 percent in June after jumping by 0.9 percent in May. Economists had expected industrial production to rise by 0.3 percent. The bigger...
U.S. mortgage applications increased in the week ending July 12, after declining in the past three weeks, the weekly survey results from the Mortgage Bankers Association showed Wednesday. Mortgage applications rose 3.9 percent from the previous week, when they fell 0.2 percent, the MBA said. The Market Composite Index, which measures mortgage loan application volume,...
European stocks spent much of the day\'s session in the red on Wednesday, and although a few markets managed to close in positive territory, the mood remained cautious with a negative bias due to geopolitical concerns, and worries about Chinese demand. Investors digested regional inflation data and looked forward to the European Central Bank\'s rate-setting...
The Indonesia stock market has finished lower in three straight sessions, stumbling more than 100 points or 1.4 percent along the way. The Jakarta Composite Index now sits just beneath the 7,225-point plateau and it\'s looking at another soft start again on Thursday. The global forecast for the Asian markets suggests consolidation, especially among the...
The Thai stock market has moved lower in three straight sessions, slumping more than a dozen points or 0.8 percent along the way. The Stock Exchange of Thailand now rests just above the 1,320-point plateau and it\'s likely to open to the downside again on Thursday. The global forecast for the Asian markets suggests consolidation,...
State Street is reportedly evaluating the introduction of a stablecoin and deposit token to facilitate blockchain-based payments and settlements. According to a recent report by Bloomberg, a person familiar with the matter indicated that the Boston-based financial giant is exploring blockchain solutions to enhance its payment systems, such as stablecoin and deposit token. Potential Stablecoin...
The Commerce Department released a report on Wednesday showing a significant rebound by new residential construction in the U.S. in the month of June. The report said housing starts shot up by 3.0 percent to an annual rate of 1.353 million in June after plunging by 4.6 percent to a revised rate of 1.314 million...
The Singapore stock market on Tuesday wrote a finish to the five-day winning streak in which it had jumped more than 90 points or 2.8 percent. The Straits Times Index now rests just beneath the 3,490-point plateau although it\'s likely to bounce higher again on Wednesday. The global forecast for the Asian markets is upbeat...