China Consumer Inflation Accelerates in Dec

BEIJING, Jan 12 Reuters China39;s annual consumer inflation rate accelerated in December, driven by rising food prices even as domestic demand wavered amid restrained economic activity. Economists expect inflation to continue to pick up in the first quarter of 2023. The consumer price index CPI in December was 1.8 higher than a year earlier, rising […]
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Stocks Rise ahead of U.S. Inflation Test

World stocks inch higher; dollar at 7month lows Yen gains on report BOJ to scrutinise policy effects Eyes on U.S. CPI due at 1330 GMT Treasuries and euro zone bonds add to gains MILAN, Jan 12 Reuters Stocks made modest gains on Thursday on cautious optimism that U.S. data will confirm inflation is softening, while […]
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Gold Rises after U.S. Data Cements Fed Slowdown Bets

CPI declines 0.1 in Dec, meets expectations Dollar drops to over sevenmonth low Silver up more than 3 Jan 12 Reuters Gold prices pared gains after earlier jumping more than 1 to above the key 1,900 per ounce pivot on Thursday after data showing signs of cooling inflation in the United States boosted bets for […]
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USD Falls to Nearly 9mth Low vs EUR on U.S. Inflation Data

NEW YORK, Jan 12 Reuters The U.S. dollar tumbled to a nearly 9month low against the euro on Thursday after U.S. inflation data indicated prices were on a sustained downward trend, lifting expectations that the Federal Reserve will be less aggressive going forward with rate hikes. The data showed that prices unexpectedly fell for the first time […]
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