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Sterling Steadies after US Inflation Surprise

LONDON, Oct 13 Reuters The pound edged up on Friday, after posting its largest daily drop against the dollar the previous day since March after U.S. inflation data came in hotter than expected, unnerving investors. Sterling was last up 0.1 on the day at 1.2178, having fallen by 1.1 on Thursday, as the dollar swept […]
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U.S. CPI Data Release Shock, USD Strengthens, U.S. Indices Crash, Gold Remains High, Crude Oil Climbs

PREVIOUS TRADING DAY EVENTS 12 Oct 2023 The U.S. CPI report yesterday showed that U.S. consumer prices increased in September. The annual increase in consumer prices excluding the volatile food and energy components last month was the smallest in two years. With the labour market still tight, however, reaching the Feds 2 inflation target could […]
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Chinas Didi Plans 2024 Hong Kong Listing Bloomberg News

Oct 13 Reuters China39;s biggest ridehailing company, Didi Global, aims to list its shares on the Hong Kong Stock Exchange next year, Bloomberg News reported on Friday, citing people familiar with the matter. Didi did not immediately respond to a request for comment from Reuters. The company delisted from the New York Stock Exchange in […]
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Dollar Softens Slightly, Yen in Touching Distance of 150

LONDON, Oct 13 Reuters The U.S. dollar edged lower on Friday after its biggest daily increase since March the day before, as hot U.S. consumer prices data revived prospects that the Federal Reserve may have to raise rates further to get inflation back towards its 2 target. The consumer price index CPI increased 0.4 in September, keeping […]
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European Stocks Dip as US Rate Worries Resurface

Traders worried about another U.S. rate hike in 2023 China data points to deflationary pressures STOXX 600 set for weekly gains Oct 13 Reuters European stocks slipped on Friday after U.S. inflation data fuelled concerns about interest rates staying higher for longer, while weak inflation data from China added to jitters about the global economy. […]
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Oil Rises as US Sanctions, Stockpile Forecasts Raise Supply Worries

TOKYOBEIJING, Oct 13 Reuters Oil prices were up on Friday after the U.S. tightened its sanctions programme against Russian crude exports, raising supply concerns in an already tight market, and global inventories are forecast to decline through the fourth quarter. Brent futures rose 94 cents, or 1.1, to 86.94 per barrel. U.S. West Texas Intermediate […]
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