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Canadas Annual Inflation Eased, U.S. Retail Sales Up, U.S. Stocks Increased Volatility, Metals and Oil Higher, Bitcoin Stable

PREVIOUS TRADING DAY EVENTS 17 Oct 2023 New Zealand inflation slowed more than economists expected in the third quarter and this caused the market to react with NZD depreciation. Consumer prices advanced 1.8 from three months earlier, less than the 1.9 median estimate. The RBNZ this month maintained the Official Cash Rate at 5.5 and […]
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HotterthanExpected Inflation Drags British Stocks Lower

FTSE 100 down 0.2, FTSE 250 off 0.8 British CPI held at 6.7 in Sept Barratt Developments falls on uncertain outlook Whitbread up on share buyback plan Oct 18 Reuters UK stocks fell on Wednesday as higherthanexpected consumer inflation data cemented fears of the Bank of England further tightening monetary policy, while homebuilder stocks were […]
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Brent Hits 93, Middle East Strife Heightens Supply Concerns

Iran calls for oil embargo on Israel Jordan cancels summit with U.S., Egyptian, Palestinian leaders Biden arrives in Israel to consult on Gaza conflict U.S. crude stocks fall more than expected API data China39;s Q3 GDP grows 4.9, above market forecast LONDON, Oct 18 Reuters Global oil benchmark Brent hit 93 a barrel on Wednesday […]
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RBA sees Challenging Economy, Inflation Risks

SYDNEY, Oct 18 Reuters The head of Australia39;s central bank on Wednesday said the domestic economy was in a challenging situation with consumption slowing but inflation still elevated, and monetary policy was on a narrow path to balance these forces. Reserve Bank of Australia RBA Governor Michele Bullock said there were signs that inflation might […]
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