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French Inflation Eases More Than Estimated
France's inflation eased more than estimated in August and reached the lowest since July 2021, revised data from the statistical office INSEE showed on Friday. Consumer prices posted an annual increase of 1.8 percent in August, following a 2.3 percent rise in July. The August rate was revised down f
Finland Economy Stagnates, Inflation Rises Slightly
Finland's economic output stalled in July after recovering in the previous month, data from Statistics Finland showed on Friday. Output of the national economy remained flat in July compared to last year, following a 2.0 percent growth in June, which was the first increase since June 2023. Among sec
UK Inflation Expectations Ease Further: BoE/Ipsos Survey
UK inflation expectations slowed slightly in August, the latest quarterly Inflation Attitudes Survey conducted by Ipsos on behalf of the Bank of England revealed Friday. The one-year ahead inflation expectations eased slightly to 2.7 percent from 2.8 percent in May. However, in five years' time, inf
Japan Industrial Production Rebounds More Than Estimated
Japan's industrial production expanded more-than-expected in July after falling in the previous month, final data from the Ministry of Economy, Trade, and Industry showed on Friday. Industrial production advanced 3.1 percent on a monthly basis, reversing a 4.2 percent decrease in June. In the flash
European Shares Set For Steady Start
European stocks are likely to open on a firm note Friday, a day after the European Central Bank cut the deposit interest rate by 25 basis points, as expected, and kept the door wide open for more rate cuts without giving any guidance on the future path. An interest rate cut from the Bank of England
Sensex, Nifty Marginally Lower After Thursday's Strong Rally
Indian shares were subdued in early trade on Friday as investors reacted to mixed industrial output and retail inflation readings and awaited a Federal Reserve interest-rate cut next week. The benchmark S&P/BSE Sensex dipped 198 points, or 0.2 percent, to 82,764 while the broader NSE Nifty index
South Korea Import, Export Price Data Due On Friday
South Korea will on Friday release August figures for import and export prices, highlighting a modest day for Asia-Pacific economic activity. In July, import prices were up 9.8 percent on year and export prices jumped an annual 12/9 percent. New Zealand will see August results for the manufacturing
Dollar Loses Ground As Inflation Data Raises Rate Cut Bets
The U.S. dollar fell on Thursday amid rising prospects of an interest rate cut by the Federal Reserve next week, and probability of more reductions before the end of the year, in the wake of the recent data on inflation. The U.S. Labor Department said its producer price index for final demand crept
Treasuries Extend Pullback As Traders React To Latest Inflation Data
Following the slight pullback seen in the previous session, treasuries saw further downside over the course of the trading day on Thursday. Bond prices came under pressure early in the day and remained in negative territory throughout the session. Subsequently, the yield on the benchmark ten-year no
European Stocks Close Higher After ECB Rate Cut, U.S. PPI Data
European stocks closed higher on Thursday with investors reacting positively to the European Central Bank's monetary policy statement, and U.S. producer price inflation data. The ECB reduced its key interest rates by 25 basis points, as expected, as the euro area growth is expected to slow on weaker
India Industrial Output Growth Improves
India's industrial production growth improved slightly in July, data from the Ministry of Statistics and Programme Implementation showed Thursday. Industrial production grew 4.8 percent from a year ago, following a 4.7 percent rise in June. Output was forecast to climb again by 4.7 percent. Mining o
India Inflation Rises Marginally
India's consumer price inflation rose marginally in August and remained well within the central bank's tolerance band. Consumer price climbed 3.65 percent on a yearly basis in August, marginally faster than the revised 3.60 percent rise seen in July, data from the National Statistical Office reveale
FTSE 100 Rises As BoE Adjusts Capital Requirements For Banks
U.K. stocks traded higher on Thursday after the Bank of England relaxed a proposed overhaul of the banking system. The implementation of the new bank capital rules has been delayed until 2026, six months later than the central bank said previously. The benchmark FTSE 100 was up 70 points, or 0.9 per
European Shares Surge Ahead Of ECB Rate Decision
European stocks traded higher on Thursday ahead of a European Central Bank policy meeting later in the day. The central bank is widely expected to cut its key interest rates by 25 basis points amid falling inflation and economic indicators signaling a weaker outlook. ECB staff macroeconomic projecti
CAC 40 Inches Higher With ECB Meet In Focus
French stocks advanced on Thursday ahead of a European Central Bank (ECB) policy meeting later in the day. In a prelude to an expected Fed move next week, the ECB is expected to cut its baseline interest rate from 4.25 percent to 4 percent due to falling inflation and sluggish growth. Markets will f
Pull-up Update
