The Consumer Price Index (CPI), the UK inflation gauge, remained unchanged in September, according to data released by the Office for National Statistics (ONS) this morning, Wednesday, October 22nd, at 3.8% year-on-year, unchanged from August's reading. This compares with expectations, including those of the Bank of England, for a 4% increase. On a monthly basis, the CPI registered no growth...
Canada's Consumer Price Index (CPI) grew by 2.4% year-on-year in September, according to figures released just a few moments ago, up from 1.9% in August. The core CPI, which excludes gasoline prices, rose 2.6% year-on-year, up from 2.4% in August. On a monthly basis, the CPI rose 0.1% in September after declining by 0.1% in August, confounding expectations. Gasoline prices...
The Japanese yen recorded declines of more than 100 points against the US dollar after the Japanese parliament elected former Economic Security Minister Sanae Takaichi as Japan's first female prime minister. She won 237 votes out of the 465 seats in the lower house of parliament. This comes after weeks of political controversy in Japan after the partner Komeito party...
Gold is trading higher in mid-European trading today, Monday, October 20, the opening session of the week, after recording losses of more than 1.7% at the end of last week's trading, coinciding with a wave of profit-taking. This marked the largest daily loss since May, following successive record levels reached by the yellow metal after testing $4,375 per ounce. The...
Gross domestic product in China, the world's second-largest economy, grew by 4.8% year-on-year in the third quarter of this year, ending in September, according to data released by the National Bureau of Statistics on Monday morning, October 20. This compares to a 5.2% growth in the second quarter, exceeding market expectations of 4.7%. The Chinese economy remains on track to...
Preliminary estimates from the UK Office for National Statistics showed that UK gross domestic product (GDP) rose by 0.1% in August, compared to a revised 0.1% contraction in July. This reading was revised from a flat 0.0%, matching market expectations. This reading indicates that the UK economy is expected to grow by 0.3% in the three months ending in August,...
Gold is trading at a gain of more than 1% in mid-European trading, one hour before the opening of the US markets on Wednesday, October 15, recording a new record high of $4,210 per ounce. This is supported by rising expectations of a US interest rate cut and increased demand for safe havens amid declining risk appetite in the markets...
Data from the National Bureau of Statistics of China showed early Wednesday, October 15, that the annual consumer price index (CPI), which measures inflation, fell to -0.3% in September, following a 0.4% decline in August. Expectations were for a -0.2% decline, marking the second consecutive monthly contraction. Food prices fell to a 20-month low of 4.4%, compared to a 4.3%...
Crude oil prices fell more than 2% in mid-European trading today, Tuesday, October 14, to their lowest levels in five months, following the International Energy Agency's report issued this morning and the escalation of trade tensions between Washington and Beijing. US crude (NYMEX) fell by approximately 2.27%, trading at $58.14 per barrel, its lowest level since May 8, while Brent...
The ZEW Business Sentiment Index in Germany rose slightly in October, adding two points to 39.3, compared to 37.3 in September. Expectations were for a rise of 41.2. The September reading came despite a continued deterioration in the assessment of the current economic situation in Germany, which fell to -80 from -76.4 in September. Experts are hopeful for an improvement...