LONDON, March 22 Reuters Sterling jumped on Wednesday after data showed UK price pressures picked up a lot more than expected in February, including inflation that excludes food and energy, raising the chances of another rate rise this week from the Bank of England. British consumer price inflation CPI unexpectedly rose to 10.4 in February from January39;s […]

UK inflation still in doubledigit territory Real estate stocks fall on ratehike concerns Bank stocks gain, help cut losses Fed decision awaited on Wednesday, BoE on Thursday FTSE 100 down 0.2, FTSE 250 off 0.3 March 22 Reuters London39;s exporterheavy FTSE 100 fell on Wednesday, with real estate stocks leading the retreat, as hotterthanexpected UK […]

March 22Reuters Most Stock markets in the Gulf rose in early trade on Wednesday, mirroring gains in global peers ahead of the U.S. Federal Reserve39;s interest rate decision, as worries on a banking crisis eased. The markets are awaiting the outcome of the central bank meeting on Wednesday, with most analysts expecting the Fed to raise rate […]

PREVIOUS TRADING DAY EVENTS 21 March 2023 Announcements  The US studies how to proceed to guarantee all bank deposits if this banking crisis expands further. The Treasury Department checks whether federal regulators have enough emergency authority to temporarily insure deposits greater than the current 250,000 cap on most accounts without formal consent. Regulators have already […]

All eyes on Fed statement at 1800 GMT Fed seen hiking rates by 25 bps Hawkish Fed, rates repricing could undermine gold prices analyst UK inflation rate unexpectedly rises in Feb March 22 Reuters Gold prices traded flat on Wednesday as investors stayed on the sidelines ahead of the U.S. Federal Reserve39;s interest rate decision […]