US inflation data for January is in the spotlight in the markets today. The annual growth rate is expected to break 40year records, reaching 7.3 compared with 7.0 in December. Higher oil prices in recent weeks will reinforce the general price index. But more important in this case may be the core CPI, where prices […]

Inflation surge ignites 39;linker39; bond trading Bank revenues from trading inflation products on the rise Record inflationsensitive exchange traded product inflows LONDON, Feb 8 Reuters Almost overnight, inflationlinked bonds have become the hot ticket in global financial markets, pitting banks against hedge funds in a battle for market share and scarce trading talent. The 4.4 […]

TOKYO, Feb 9 Reuters Japan will raise its gasoline subsidy for oil distributors to 5 yen a litre for the week starting on Thursday, the country39;s industry ministry said on Wednesday in its website. A government source told Reuters earlier this week that Japan will hike the subsidy to 5 yen for the week, hitting […]

FRANKFURT, Feb 4 Reuters Euro zone companies expect wages to rise by 3 or more this year as workers demand to be compensated for inflation and it becomes more difficult to find staff such as builders and software engineers, the European Central Bank said on Friday. Wage growth is a crucial indicator for the ECB […]

Rates as of 0500 GMT Market Recap Judging from the stock markets, investors are in an allaround risk off mood. My equity screens are a sea of red, signifying declining prices. All major European and US markets were lower on Friday and most Asian markets are lower today as investors worry about the virus see […]

LONDON Reuters Asking prices for British homes rose by 0.7 between midJune and early July compared with a month earlier, the biggest rise for the time of year since 2007 despite the scaling back of a tax break for buyers on July 1, property website Rightmove said.       FILE PHOTO A Union flag […]

LONDON Reuters Bank of England interestrate setter Jonathan Haskel said reducing stimulus was not the right option for the foreseeable future, despite rising inflation, distancing himself from two colleagues who last week said tighter policy might be needed. In the immediate term, the risk of a preemptive monetary tightening curtailing the recovery continues to outweigh […]

WASHINGTON Reuters U.S. retail sales unexpectedly increased in June as demand for goods remained strong even as spending is shifting back to services, bolstering expectations that economic growth accelerated in the second quarter. Retail sales rebounded 0.6 last month, the Commerce Department said on Friday. Data for May was revised down to show sales falling […]

Reuters Growth in East Asia and the Pacific this year will likely be slower than previously thought, the World Bank said on Thursday, as many countries in the region grapple with spikes in COVID19 cases, new variants and vaccine supply constraints. The East Asia and Pacific region, excluding China, is expected to grow 4 this […]

DUBAI, July 15 Reuters Saudi Arabias annual inflation rate rose to 6.2 in June, the highest this year, from 5.7 in May, official data showed on Thursday. June marked a third consecutive monthly rise reflecting an increase in valueadded tax introduced last year. Noting that consumer prices still reflect an increase of the value added […]