The launch of the Bloomberg Second Measure US Consumer Spend Index, powered by consumer transaction data analytics and available via the World Economic Analyzer {ECAN} solution on the Bloomberg Terminal, provides investors with a novel way to track consumer spending in the U.S.

US CPI data due on Wednesday, PPI on Thursday August39;s headline CPI is expected to rise 0.2 on mm basis Traders see 71 chance of 25bps Fed rate cut this month Sept 10 Reuters Gold prices eased on Tuesday, pressured by a firmer dollar, while traders braced for key U.S. inflation figures that could offer […]

SINGAPORE, Sept 10 Reuters The dollar was steady on Tuesday and the yen inched away from onemonth highs in cautious trading as investors braced for U.S. inflation data and reassess expectations of a large interest rate cut from the Federal Reserve next week. A mixed labour report on Friday failed to make a clearcut case on whether […]

JOHANNESBURG, Sept 9 Reuters The South African rand slipped against a stronger dollar on Monday, with looming U.S. data likely to dictate currency moves this week. The dollar was up around 0.37 against a basket of global currencies , as markets looked to Wednesday39;s U.S. inflation report for clues about the size of a Federal Reserve rate […]

BEIJING, Sept 9 Reuters China39;s Shanghai and Shenzhen stock exchanges will include Chinese ecommerce giant Alibaba Group and some other companies into its Stock Connect crossborder investment scheme from Tuesday, separate filings showed on Monday. This move will integrate Alibaba into a program linking the Shenzhen and Shanghai stock exchanges with the Hong Kong stock exchange. […]

Commodities are in a great reset, indicated by gold’s roughly 30% rise vs. a similar decline in the Bloomberg Commodity Spot Index since Russia invaded Ukraine.

Traders see 75 chance of 25 bp cut this month China39;s cenbank held back on buying gold for 4th straight month U.S. CPI data on Wednesday Sept 9 Reuters Gold prices edged lower as the dollar firmed on Monday, while investors awaited the U.S. inflation print to firm up bets on the size of a […]

SINGAPORE, Sept 9 Reuters The dollar recovered some lost ground on Monday while the yen pared its safehaven gains, as investors who were undecided on the scale of a Federal Reserve rate cut expected later this month looked to this week39;s U.S. inflation data for more clues. In China, data showed consumer prices accelerated in August to […]

MUMBAI, Sept 9 Reuters The Indian rupee is likely to open weaker on Monday, tracking the decline in Asian equities and currencies fuelled by U.S. slowdown worries. The 1month nondeliverable forward indicated that the rupee will open at 83.9783.98 to the U.S. dollar compared with 83.9475 in the previous session. The rupee for a large […]

Sept 9 Reuters The pound touched a near threeweek low versus the dollar on Monday as traders unwound bets of a supersized U.S. rate cut next week and awaited readings on the domestic economy that could dictate expectations around UK interest rates. Sterling fell 0.42 to 1.30745 its weakest since Aug. 21. Most major currencies […]