Asian stocks drifted lower on Wednesday as investors awaited key U.S. inflation data as well as a Federal Reserve policy decision later in the day for additional clues on the outlook for interest rates. Producer and consumer price data coming out of China attracted investor attention early in the session. China\'s consumer inflation held steady...
German stocks advanced on Wednesday ahead of key U.S. inflation data and the Federal Reserve\'s rate decision later in the day. Meanwhile, Germany\'s consumer price inflation increased for the first time in five months in May, as initially estimated, according to final data from Destatis. Consumer price inflation rose to 2.4 percent in May from...
China\'s consumer prices logged a steady but meager growth and producer prices continued to fall in May, signalling that more stimulus measures are required to boost demand and consumption. The consumer price index posted an annual increase of 0.3 percent in May, the same pace as in April, the National Bureau of Statistics reported Wednesday....
French stocks traded higher on Wednesday as investors awaited key U.S. inflation data as well as a Federal Reserve policy decision later in the day for additional clues on the outlook for interest rates. Euro zone government bond yields dropped after having risen to their highest levels in around seven months on Tuesday following Moody\'s...
Crude oil inventories in the U.S. unexpectedly saw a significant increase in the week ended June 7th, according to a report released by the Energy Information Administration on Wednesday. The EIA said crude oil inventories jumped by 3.7 million barrels last week after rising by 1.2 million barrels in the previous week. Economists had expected...
Canadian stocks are up in positive territory around noon on Wednesday amid renewed optimism about the outlook for Federal Reserve\'s interest rates after data showed U.S. consumer price inflation came in unchanged in May, as against expectations of a 0.1% rise. Real estate, healthcare, technology, materials, financials, consumer staples and industrials shares are among the...
The U.S. dollar weakened against its major counterparts in the New York session on Wednesday, as inflation came in lower than expected in May, reviving hopes for a rate cut by the Federal Reserve in September. Data from the Labor Department showed that the consumer price index came in unchanged in May after rising by...
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...