The US Federal Reserve will announce its monetary policy for the fourth quarter of the year at the end of the US session on Wednesday, September 17. The bank is expected to cut interest rates by 25 basis points to 4.25% for the first time this year. Markets began pricing in a rate cut at the Jackson Hole symposium in...
The Consumer Price Index (CPI), a measure of UK inflation, rose to 3.8% year-on-year in August, unchanged from the July reading expected, according to data released by the Office for National Statistics (ONS) this morning, Wednesday, September 17. On a monthly basis, the CPI rose by 0.3% in August, compared to a rise of approximately 0.1% in July. The core...
Canada's Consumer Price Index (CPI) grew by 1.9% year-on-year in August, according to figures released just a few moments ago, up from July's 1.7%. The core CPI, which excludes gasoline prices, rose to 2.4% year-on-year, up from 2.5% in the previous three months. On a monthly basis, the index fell by 0.1% in August after growing by 0.3% in July,...
Data released just moments ago from the US Census Bureau showed a rise in US retail sales in August, exceeding market expectations. Sales rose to $732 billion, up 0.6% from a revised 0.6% in July (expected 0.2%), and were up 5% year-over-year compared to August 2024. Core sales, excluding autos, rose 0.7% in June, compared to a revised 0.4% in...
The German ZEW Business Sentiment Index rose more than expected in September, rising 2.6 points to 37.3, compared to 34.7 in August. Expectations were for a 25.3 increase. The September reading came despite a continued deterioration in the assessment of the current economic situation in Germany, reaching -76.4, down 7.8 from the August reading. The report indicated that uncertainty over...
Chinese markets closed mixed at the close of trading on Monday, June 16, the opening session of the week, after economic figures fell short of expectations. Japanese markets were closed for the Day of Respect for the Elderly, while the South Korean index hit a new record high amid market anticipation of the US Federal Reserve's meeting on Wednesday. Figures...
Yellow metal is trading higher in mid-trading today, Friday, September 12, the closing session of the week, benefiting from a weaker US dollar and rising expectations of a US interest rate cut next week. Gold is on track to post weekly gains for the fourth consecutive week of more than 2%. Gold is trading up about 0.45% at $3,650 per...
Preliminary estimates from the UK Office for National Statistics showed that UK GDP registered zero growth in July, following a 0.4% growth in June, matching expectations. Growth was 0.2% in the three months ending in July compared to the three months ending in April. The services sector, which accounts for more than 70% of the UK economy, grew by 0.3%...
Data released just moments ago from the U.S. Bureau of Labor Statistics showed that the Consumer Price Index (CPI), a measure of inflation, rose by 0.4% in August after a 0.2% increase in July, exceeding expectations of a 0.3% increase. The core CPI, which excludes food and energy prices, rose by 0.3%, unchanged from the July reading, matching expectations. Conversely,...
The European Central Bank decided, at its meeting moments ago today, Thursday, September 11, to keep its three main interest rates unchanged. The deposit rate was kept at 2%, the main refinancing operations at 2.15%, and the lending facility at 2.40% for the second consecutive month after seven consecutive rate cuts. The bank's interest rate statement stated that inflation is...