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BoE Governor Bailey 'Cautiously Optimistic' Inflation Pressures Easing

BoE Governor Bailey 'Cautiously Optimistic' Inflation Pressures Easing

Inflationary pressures in the U.K. are easing, but it is too early to declare a victory, Bank of England Governor Andrew Bailey said Friday. "Recent experience leads me to be cautiously optimistic that inflation expectations are better anchored as a result of the regimes we have in place," Bailey said in his speech at the Federal Reserve's Jackson Hole Symposium in Wyoming.
RTTNews | Pred 127 dňami
U.S. Dollar Declines As Powell Indicates Imminent Rate Cut

U.S. Dollar Declines As Powell Indicates Imminent Rate Cut

The U.S. dollar lost ground against its major counterparts in the New York session on Friday, as Chair Jerome Powell's speech reinforced expectations that the Federal Reserve will start cutting rates at the upcoming meeting in September.
RTTNews | Pred 127 dňami
U.S. New Home Sales Spike To Highest Level In Over A Year In July

U.S. New Home Sales Spike To Highest Level In Over A Year In July

A report released by the Commerce Department on Friday showed a substantial increase by new home sales in the U.S. in the month of July. The Commerce Department said new home sales spiked by 10.6 percent to an annual rate of 739,000 in July after rising by 0.3 percent to an upwardly revised rate of 668,000 in June.
RTTNews | Pred 128 dňami
Nestle CEO Mark Schneider Resigns; Names Laurent Freixe CEO

Nestle CEO Mark Schneider Resigns; Names Laurent Freixe CEO

Swiss food and beverage giant Nestle SA, which is struggling with weak financial performance, announced the resignation of Chief Executive Officer Mark Schneider, and the appointment of Laurent Freixe as the successor, effective September 1. Schneider has decided to relinquish his roles as CEO and member of the Board of Directors after more than 8 years with the company.
RTTNews | Pred 128 dňami
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Pound Rises As Traders Await Fed Powell, BoE Bailey Speeches

Pound Rises As Traders Await Fed Powell, BoE Bailey Speeches

The British pound strengthened against other major currencies in the European session on Friday, as trader's braced for Fed Chair Jerome Powell's Jackson Hole speech later in the day for confirmation U.S. rate cuts would start in September. The Bank of England governor Andrew Bailey is also scheduled to speak at the symposium.
RTTNews | Pred 128 dňami
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Friday.
RTTNews | Pred 128 dňami
Sensex, Nifty End Little Changed Ahead Of Fed Chair's Speech

Sensex, Nifty End Little Changed Ahead Of Fed Chair's Speech

Indian shares fluctuated before finishing on a flat note Friday as investors awaited Federal Reserve Chair Jerome Powell's eagerly anticipated Jackson Hole speech later in the day that could offer fresh insights on the central bank's interest rate cuts plans this year.
RTTNews | Pred 128 dňami
European Shares Extend Gains For Third Day

European Shares Extend Gains For Third Day

European stocks traded higher for a third straight session on Friday as investors braced for Fed Chair Jerome Powell's Jackson Hole speech later in the day for confirmation U.S. rate cuts would start in September.
RTTNews | Pred 128 dňami
UK Consumer Confidence Remains Unchanged Near 3-Year High: GfK

UK Consumer Confidence Remains Unchanged Near 3-Year High: GfK

British consumer confidence remained unchanged near a three-year high in August on improving personal finance conditions, survey results from the market research group GfK showed Friday. The consumer confidence index held steady at -13 in August. The reading was the highest since September 2021. The score was forecast to improve to -12.
RTTNews | Pred 128 dňami

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