By Peter Nurse Investing.com – The U.S. dollar handed back some of its gains in early European trading Wednesday, while the euro rose on the back of soaring German producer prices. At 03:05 ET (07:05 GMT), the , which tracks the greenback against a basket of six other currencies, fell 0.1% to 112.823, retreated after …
Dollar Edges Lower; Euro Gains After Strong German PPI Number Read More »
By Oliver Gray Investing.com – U.S. stock futures were trading slightly higher during Tuesday’s evening deals, after major indices declined for the fifth consecutive session, with market participants remaining cautious ahead of key producer price data as well as minutes from the Federal Reserve’s latest meeting. By 7:10pm ET (11:10pm GMT) and were up 0.1%, …
By Peter Nurse Investing.com – European stock markets climbed higher Tuesday, building on the previous session’s positive start to the new quarter. By 03:45 ET (07:45 GMT), the in Germany traded 1.9% higher, the in France rose 2.3%, and U.K.’s climbed 1.1%. European equities have started the new quarter on an upbeat note, bouncing after …
By Geoffrey Smith Investing.com — The pressure on the European Central Bank to keep raising interest rates increased again on Tuesday as the Eurozone’s largest economy recorded a new all-time high for factory gate inflation. rose by 7.9% in August, and were up 45.8% from a year earlier, statistics office Destatis said. Both figures were …
German PPI Hits New All-Time High as Electricity Prices Soar Read More »
By Peter Nurse Investing.com — U.S. stocks are seen opening higher Wednesday, bouncing after the previous session’s rout as investors digest the hot inflation report ahead of next week’s Federal Reserve policy meeting. At 07:00 ET (11:00 GMT), the contract was up 85 points, or 0.3%, traded 14 points, or 0.4%, higher and climbed 50 …
Dow Futures Rise 85 Pts; PPI Becomes Next Inflation Data Point Read More »
By Geoffrey Smith Investing.com — Factory gate prices stayed strong in August, corroborating a picture of unbroken and broadening inflationary pressure in the U.S. economy. The dipped 0.1% on the month from July, thanks to cheaper gasoline prices reducing freight costs, but less volatile elements of the index rose, pushing the ” price index up …
U.S. PPI Mimicked CPI in August as Core Prices Kept Rising Read More »
