UK inflation jumps to 3.1% as energy costs soar
The reading comes just hours before the Bank of England updates its monetary policy.
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Inflation inches higher ahead of interest rates decision
Inflation inched higher in the year to August, official data has shown, adding to pressures faced by the Bank of England ahead of its interest rate decision on Thursday. The Office for National Statistics (ONS) said consumer price index (CPI) inflation in the 12 months to August was 3.1 per cent, higher than last month’s [...]
China, Hong Kong shares gain on tech strength, as investors await Fed
SHANGHAI: Mainland China and Hong Kong stocks edged higher on Wednesday, led by tech shares, but gains were capped as investors held back from large bets ahead of the Federal Reserve’s policy decision later in the day. At the midday break, the benchmark Shanghai composite index gained 0.6%, while the blue-chip CSI300 index advanced 0.7%.
Copper bounces from 3-week low; Fed decision in focus
Copper rose marginally from a more-than-three-week low on Wednesday, even as investors expect the US Federal Reserve to hike interest rates later in the day. Three-month copper on the London Metal Exchange rose 0.53% to $14,158 a metric ton by 0330 GMT, after touching $13,926 on Tuesday.
Australian, NZ dollars on edge as markets weigh Fed scenarios
SYDNEY: The Australian and New Zealand dollars eased against a broadly firmer greenback on Wednesday as investors struggled to price the risks from a looming Federal Reserve meeting, where a range of outcomes could cause considerable volatility.
El Ibex tantea otra tregua antes de la Fed
Los inversores abren la puerta a una pausa táctica en los mercados antes de conocer el desenlace de la reunión de la Reserva Federal de EEUU. Las referencias sobre la IA y el petróleo contribuyen a esta minitregua, que ya ayer se abrió paso en el Ibex con un cierre plano. Leer
Euro: Downside pressure toward 1.1490 against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann keep a cautious stance on EUR/USD after the pair closed almost unchanged near 1.1543.