LONDON, May 18 Reuters The pound fell against the dollar on Wednesday after data showed British inflation rising to 9, the highest level in 40 years. At 0846 GMT, sterling was down 0.9 against the U.S. dollar at 1.23820 . The drop reverses most of the gains made on Tuesday when the pound touched its […]

BENGALURU, May 18 Reuters Indian shares shed gains from earlier in the session to end lower as ratesensitive bank and realty stocks declined, with concerns over inflation and global economic growth denting investor sentiment. The NSE Nifty 50 index ended down 0.12 at 16,240.30 and the SP BSE Sensex fell 0.2 to 54,208.53. The indexes had gained […]

LONDON, May 18 Reuters The U.S. dollar edged higher on Wednesday, a day after posting its biggest singleday drop in more than two months after U.S. Federal Reserve chief Jerome Powell struck a more hawkish tone as the central bank battles to rein in surging inflation. Powell pledged that the U.S. central bank would ratchet […]

Stocks mixed, Europe and U.S. head lower, Asia rises UK inflation hits 9 but sterling sinks 1 German 2year yield hits 2011 high on ECB rate hike bets LONDON, May 18 Reuters A rebound in stocks ran out of steam on Wednesday as concerns about the economic growth outlook and rising inflation knocked sentiment, while […]

May 18 Reuters The Russian rouble pared early losses to gain against the dollar on Wednesday and headed back towards a fiveyear high against the euro, as some gas buyers in Europe sought to meet Russia39;s demand for rouble payment and sovereign default risk resurfaced. The rouble has become the bestperforming currency this year despite a fullscale […]

May 18 Reuters Emerging Asia exChina bonds witnessed foreign outflows for a second straight month in April, due to higher U.S. yields and concerns over strict coronavirus lockdowns in China. Overseas invesstors disposed a combined net total of 2.35 billion in South Korea, Thai, Indian, Indonesian and Malaysian bonds last month, data from regulatory authorities […]

Rates as of 0500 GMT Market Recap Quite a remarkable day. It just goes to show that, as I said in my Weekly Outlook last Friday, that The facts arent everything. Its also important to understand how people interpret the facts. The news yesterday was quite bullish for the dollar. The strongerthanexpected US retail sales […]