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Sterling Eases after Cooler British Inflation Data

LONDON, Nov 15 Reuters Sterling eased on Wednesday after data showed British inflation cooled more than forecast in October, reinforcing expectations that the Bank of England BoE will be cutting interest rates by the middle of next year. The British consumer price index CPI rose by 4.6 in the 12 months to October, from September39;s 6.7 increase, […]
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Most Major Gulf Markets Track Asian Shares Higher

Nov 15 Reuters Most major stock markets in the Gulf rose in early trade on Wednesday, tracking Asian shares higher in anticipation of stimulus in China and an end to rate hikes in the United States. U.S. headline consumer prices were flat in October, against expectations of a 0.1 rise, data showed on Tuesday. Core CPI, at […]
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UK Stocks Climb over 1 on CoolerthanExpected Data

FTSE 100 updown 1.2, FTSE 250 addsoff 1.1 UK inflation slows sharply in Oct Midcap stocks near 2 months high Fullers up as bookings rise 11 Nov 15 Reuters The UK39;s benchmark indexes rose on Wednesday, on track for a threeday winning streak as coolerthanexpected October inflation data lifted investor sentiment, while a rise in […]
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Adobe Faces EU Antitrust Warning over Figma Deal, Sources

BRUSSELS, Nov 14 Reuters Adobe39;s 20 billion bid for cloudbased designer platform Figma is set to face an EU antitrust warning in the coming days, three people familiar with the matter said, a move that would ratchet up pressure on the Photoshop maker to offer remedies. Tech deals around the world have recently attracted tougher antitrust […]
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Oil Climbs as IEA Lifts Demand Growth Forecast

LONDON, Nov 14 Reuters Oil prices edged higher on Tuesday after the International Energy Agency IEA raised its demand growth forecasts, adding to bullish sentiment from the previous day39;s OPEC guidance. Brent crude futures gained 20 cents, or 0.2, to 82.72 a barrel by 0918 GMT. U.S. WTI crude futures climbed 21 cents, or 0.3, […]
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IEA Raises Oil Demand Growth Forecasts despite Economic Gloom

LONDON, Nov 14 Reuters The International Energy Agency IEA on Tuesday raised its oil demand growth forecasts for this year and next despite an expected deceleration in economic growth in nearly all major economies. Oil demand has been supported this year by resilient U.S. deliveries and record September demand from China, while 2024 expectations are […]
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UK Regulator Raises Concerns about Labour Data Quality

LONDON, Nov 14 Reuters Britain39;s statistics regulator raised concerns on Tuesday about the Office for National Statistics39; ONS approach to calculating unemployment and other key labour market data, following a big drop in response rates for its main survey. The ONS switched at short notice to a new, experimental methodology for data published from October […]
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