LONDON, Jan 18 Reuters The British pound edged up on Thursday, extending the previous day39;s gains after the annual rate of consumer price inflation unexpectedly increased last month, pushing markets to temper rate cut expectations. The consumer price index unexpectedly increased to 4.0 yearonyear in December from November39;s morethantwoyear low of 3.9, giving a lift to sterling […]

BENGALURU, Jan 19 Reuters Indian shares rose on Friday after a threeday losing streak, led by a rebound in financials and information technology stocks. The bluechip index NSE Nifty 50 rose 0.91 to 21,657.45 points, while the SP BSE Sensex gained 0.91 to 71,835, as of 1030 a.m. IST. Both the benchmarks had shed nearly 3 in […]

SINGAPORE, Jan 19 Reuters The dollar headed for a second weekly gain in a row on Friday as signs of resilience in the U.S. economy and caution about rate cuts from central bankers had traders dialling back expectations of swift and sharp falls in interest rates. Weekly gains on the risksensitive Australian and New Zealand […]

MUMBAI, Jan 19 Reuters The Indian rupee is likely to open slightly weaker on Friday after strongerthanexpected U.S. jobless claims data pushed U.S. bond yields higher and a Federal Reserve official reiterated the need for a cautious approach to potential rate cuts. Nondeliverable forwards indicate the rupee will open at around 83.1583.16 to the U.S. […]

Previous Trading Days Events 17 Jan 2024 Instead of a lower than the previous figure, the actual inflation figure reported yesterday for the U.K. was higher, rising to 4.0 from Novembers morethantwoyear low of 3.9. Expectations for when rate cuts could be implemented changed immediately. A roughly 60 chance that the Bank of England BoE […]