Stocks edge up, dollar steady before pivotal inflation data
Global stocks edged up on Wednesday in cautious trading ahead of U.S. consumer price data that could shift the monetary policy outlook there, while investors waited to see if the earnings of big banks would match sky-high expectations.
European stocks rally following US and UK inflation data
European stock markets experienced a strong rally following cooling inflation data from the UK and the US on Wednesday. However, the weakness in the euro and the pound sterling may persist due to the ongoing economic and political uncertainties.
Dollar Falls to 1-Week Low Ahead of U.S. Inflation Data
The dollar fell to a one-week low as investors turned cautious ahead of U.S. inflation data later. U.S. inflation is expected to accelerate to 2.9% year over year in December but core inflation is seen unchanged at 3.
Rupee to inch up on dollar pullback before US inflation data
The Indian rupee is likely to open marginally higher on Wednesday as the dollar retreats in the lead up to U.S. inflation data that will give cues on the direction of U.S. interest rates.
Fall in Gilt Yields After U.K. Inflation Data Could Lift Sterling
Sterling rose against the dollar and could get some relief from the fall in U.K. government bond yields after lower-than-expected U.K. inflation data, MUFG Bank said.
US Stocks Rally On Inflation Data, Solid Earnings
Wall Street stocks surged Wednesday as traders digested US inflation data and strong earnings reports by major banks.
Dollar rally pauses ahead of US inflation test
The dollar's towering rally hit a speed bump on Wednesday as traders turned cautious ahead of a closely watched U.S. consumer inflation report due later in the day, making them hesitant to take on new positions.
Gold Rises Ahead of U.S. Inflation Data
Gold prices rose, boosted by a softer dollar and concerns over the impact of potential U.S. trade tariffs on inflation after Trump takes office and traders await U.S. inflation data for more cues on the path of monetary policy.
US inflation relief dents dollar, yen gains ahead of BOJ
The dollar slipped on Thursday to stand just off recent peaks as cooling U.S. inflation data knocked down bond yields, while ...
Dow surges 700 points, S&P 500 posts best day since November after tame inflation report: Live updates
Stocks surged on Wednesday after the latest consumer price index report showed core inflation unexpectedly slowed in December ...
The surging dollar will separate the winners and losers this earnings season
A stronger dollar is typically associated with higher dispersion during earnings season, Morgan Stanley's Mike Wilson says.
Dollar ends session weaker as inflation eases; yen firms on BOJ talk
The dollar pared some losses against major peers on Wednesday but stayed weaker as cooler-than-expected data eased fears that ...
Bitcoin price nears $100K as US dollar dips on CPI relief
BTC price strength accompanied the December print of the US Consumer Price Index (CPI), which met expectations. Like the ...
Bessent says Dollar’s global status is critical to US economy
Scott Bessent, Donald Trump’s nominee for Treasury secretary, said on Wednesday that maintaining the US Dollar (USD) as the ...
Pound dips slightly on dollar after British inflation unexpectedly slows
The pound dipped slightly against the dollar after data that showed British inflation unexpectedly slowed to an annual rate ...
New inflation reading likely keeps the Fed on pause for now
Fresh inflation data released Wednesday is likely to keep the Federal Reserve on pause during its next policy meeting this ...