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UK Factory Gate Inflation Eases For Fifth Month

UK Factory Gate Inflation Eases For Fifth Month

UK output price inflation slowed for the fifth successive month in December, soothing fears of high inflation, and provided more justification to the Bank of England for softening its tightening policy stance. Output price inflation unexpectedly slowed to 14.7 percent from 16.2 percent a month ago, the Office for National Statistics reported Wednesday.
RTTNews | Před 745 dny
Australian Dollar Jumps As Hot Inflation Data Raises Rate Hike Odds

Australian Dollar Jumps As Hot Inflation Data Raises Rate Hike Odds

The Australian dollar moved higher against its major counterparts during the Asian session on Wednesday, as the nation's inflation accelerated more than forecast in the fourth quarter, intensifying expectations that the Reserve Bank of Australia will raise the cash rate by 25 basis points in February.
RTTNews | Před 745 dny
Singapore Inflation At 7-Month Low On Weaker Transport Costs

Singapore Inflation At 7-Month Low On Weaker Transport Costs

Singapore consumer price inflation eased at the end of the year to the lowest level in seven months, largely due to a moderation in private transport costs, while core price growth remained steady, data published by the Monetary Authority of Singapore, or MAS, and the Ministry of Trade and Industry showed on Wednesday.
RTTNews | Před 745 dny
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Asian Shares Rise On Fed Optimism

Asian Shares Rise On Fed Optimism

Asian stocks rose broadly on Wednesday amid expectations that the U.S. Federal Reserve could ease the pace of rate increases, citing slowing wage and inflation growth.
RTTNews | Před 745 dny
FDA Bans 2 Vuse Menthol E-cigarette Products

FDA Bans 2 Vuse Menthol E-cigarette Products

The U.S. Food and Drug Administration has denied marketing of two Vuse menthol e-cigarette products currently marketed by R.J. Reynolds Vapor Co. citing that they do not meet public health standard. In a stament, the agency said it has issued marketing denial orders or MDOs for Vuse Vibe Tank Menthol 3.0% and the Vuse Ciro Cartridge Menthol 1.5%.
RTTNews | Před 745 dny
European Shares May See Tepid Start With Focus On Earnings

European Shares May See Tepid Start With Focus On Earnings

European stocks may drift lower at open on Wednesday, as investors await more U.S. economic data as well as management commentary on the demand outlook from prominent companies for further clarity on the economic outlook.
RTTNews | Před 745 dny
European Economic News Preview: Germany Ifo Business Confidence Due

European Economic News Preview: Germany Ifo Business Confidence Due

Business sentiment from Germany and producer prices from the UK are the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics is scheduled to issue UK producer prices for December. Output price inflation is forecast to rise to 16.4 percent from 14.8 percent in November.
RTTNews | Před 745 dny
Australia Westpac Leading Index Signals Weak Growth

Australia Westpac Leading Index Signals Weak Growth

Australia's leading index continued to point to below-trend growth in the first half of the year largely due to weaker consumer spending, Westpac said Wednesday. The annualized growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, was -0.97 percent in December.
RTTNews | Před 745 dny

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