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UK Inflation Rate Falls to LowerthanExpected 4.6 in Oct

LONDON, Nov 15 Reuters British annual consumer price inflation CPI fell to a lowerthanexpected 4.6 in October from 6.7 in September, official data showed on Wednesday. The increase in consumer prices was the smallest since October 2021. The Bank of England39;s staff forecasts and the consensus from a Reuters poll of economists had pointed to […]
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Company Insolvencies Jump in England and Wales in October

LONDON, Nov 14 Reuters Business insolvencies in England and Wales rose 18 in annual terms during October, official data showed on Tuesday, in a further sign of the tough economic environment facing many firms. The Insolvency Service, a government agency, reported 2,315 company insolvencies last month, up from 1,954 a year previously and higher than […]
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Rupee to Rally on Growing Bets Fed to Cut Rates next Year

MUMBAI, Nov 15 Reuters The Indian rupee is expected to rally at open on Wednesday after a softerthanexpected U.S. inflation print increased the odds of the Federal Reserve pivoting to rate cuts around the middle of next year. Nondeliverable forwards indicate the rupee will open at around 83.00 to the U.S. dollar compared with 83.3325 […]
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U.K. Jobless Claims Higher and Lower Wage Growth Q3, U.S. Inflation Cooling, Dollar Weakens, U.S. Stocks Rally, Gold Reverses to Upside, Crude Oil Sideways

Previous Trading Days Events 14 Nov 2023 U.K. Jobless claims report showed an increase, more than expected. In a mixed report, regular wage growth slowed and vacancies continued a long decline, muddying the picture for policymakers. Total wage growth in the third quarter dropped to 7.9 from an upwardly revised 8.2. That was well above […]
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MSCI Announces Results of Quarterly Index Review

Reuters Index provider MSCI said on Tuesday that 46 securities will be added to and 69 deleted from its widelyfollowed MSCI ACWI stock index, while 14 will be added and two deleted from its frontier markets stock index. Changes will be implemented as of the market close on Nov. 30, MSCI announced in its quarterly index […]
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Dollar Down as Markets Bet Fed Done with Hikes

TOKYO, Nov 15 Reuters The dollar sputtered at broadly lower levels on Wednesday after slumping overnight as a surprisingly softer U.S. inflation reading bolstered bets that the Federal Reserve has reached the end of its monetary tightening cycle. The offshore Chinese yuan, meanwhile, received some support after domestic industrial output and retail sales growth beat expectations. […]
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