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U.S. Consumer Prices Rebound In June Amid Spike In Gas Prices

Partly reflecting a substantial rebound in gasoline prices, the Labor Department released a report on Tuesday showing U.S. consumer prices increased by slightly more than expected in June following three straight monthly declines. The Labor Department said its consumer price index climbed by 0.6 per

AUD trades sideways as broader ranges narrow

AUD - Australian Dollar The Australian dollar crept higher through trade on Tuesday, supported by underlying USD weakness and a small uptick across risk assets. Trade was choppy and moves relatively modest as ranges across currency markets narrowed. The AUD has struggled to break outside a 70 point

Wall Street Might Open Moderately Positive

Consumer price inflation in the month of June as well as earnings reports of major corporates might be influencing market sentiments on Tuesday. JPMorgan Chase has recorded a fall in profit due to higher credit loss provisions. The latest news on a global spike in coronavirus infections, with more t

U.S. Consumer Prices Climb More Than Expected In June

Partly reflecting a substantial rebound in gasoline prices, the Labor Department released a report on Tuesday showing a slightly bigger than expected increase in U.S. consumer prices in the month of June. The Labor Department said its consumer price index climbed by 0.6 percent in June after edging
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BoJ Maintains Monetary Stimulus

The Bank of Japan left its massive monetary policy stimulus unchanged on Wednesday and expects the economy to recover at a moderate pace from the downturn caused by the coronavirus pandemic. The Policy Board of the Bank of Japan voted 8-1 to retain the interest rate at -0.1 percent on current accoun

European Economics Preview: UK Inflation Data Due

Consumer and producer prices from the UK are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for June. Inflation is forecast to slow to 0.4 percent from 0.5 percent in May. Economists

Vaccine hopes ad upbeat data lift stocks

Vaccine optimism boosted risk appetite, lifting Asian markets overnight and putting European bourses on track for a stronger start. Upbeat UK inflation data has added to the risk on tone. Meanwhile, elevated US – Chinese tensions are broadly being shrugged off. Risk sentiment has soared after Modern

Dollar falls on U.S.-China trade tensions

Market Review - 14/07/2020  23:50GMT   Dollar falls on U.S.-China trade tensions The greenback ended lower against its G5 peers on Tuesday due to diplomatic and trade tensions between the United States and China together with continued fears of a second wave of the coronavirus pandemic.      Reuter

BOJ Quarterly Report: Risks to Japan’s economic, price outlook skewed to downside

Following the release of the Bank of Japan’s (BOJ) monetary policy decision, the quarterly outlook report underscored the downside risks looming for the Japanese economic and price outlook. Additional takeaways Japan consumption likely to pick up after big slump. Consumer inflation to continue fall
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