Market Overview - Page 134

Pressure on the euro returned this week, marking a sell-off against the broader currency front, signalling the possible start of a prolonged downward trend. EURUSD has crossed the upper end of the 1.1600-1.1700 area, where it has repeatedly received support.

U.K. inflation eased in July in what is widely seen as a blip on its way well above the Bank of England’s target this year. Consumer prices rose 2% from a year earlier compared with a 2.5% increase in June,.

Shares in Asia-Pacific were higher on Wednesday. The Reserve Bank of New Zealand kept interest rates unchanged despite expectations of a hike. In Japan, the Nikkei 225 rose 0.71% while the Topix index climbed 0.6%. Japan’s government on Tuesday decided.

Dow futures slipped slightly in overnight trading on Tuesday after the 30-stock average snapped a 5-day winning streak in the regular session. Dow futures fell 50 points. S&P 500 futures dipped 0.1% and Nasdaq 100 futures dropped 0.15%. On Tuesday,.

The world’s largest oil and gas majors are seeking to lure back investors by returning more cash to shareholders. Market participants, particularly those looking to the long term, remain highly skeptical. It comes at a time when oil and gas.

New Zealand was widely expected to become the first advanced economy to raise interest rates, but the central bank left rates unchanged on Wednesday after one Covid case led the country to announce a nationwide lockdown a day earlier. The.

Chinese President Xi Jinping emphasized at a finance and economic meeting Tuesday the need to support moderate wealth for all — or the idea of “common prosperity,” which analysts have said is behind the latest regulatory crackdown on tech companies..

The U.S. government is poised to being offering booster shots as soon as next month, with the country facing a renewed wave of infections fueled by the highly transmissible delta variant. New Zealand, which has run a successful Covid elimination.

The number of employees on British company payrolls rose by 182,000 in July from June, moving closer to their pre-pandemic level as the economy recovers from its coronavirus lockdowns, tax data showed on Tuesday. The Office for National Statistics said.

A new batch of weak data has now come from the US retail sales. Over July, sales fell by 0.7%, more than the -0.2% expected. This data develops the idea that Americans have chosen to stay away from retail markets.

Afghanistan is estimated to have trillions of dollars worth of rare earth metals, and countries — such as China — that may be looking to swoop in on the country must follow international terms, one analyst told CNBC. Shamaila Khan,.

Evacuation flights resumed from Kabul’s international airport Tuesday after a frenzied and panic-filled day that saw thousands of Afghans swarm the tarmac, including some who fell off departing planes in desperate attempts to get out of Afghanistan. Images from Hamid.