Inflation rose 0.1% in August despite a sharp drop in gasoline prices

Inflation rose more than expected in August as higher housing and food costs offset lower gasoline prices, the Bureau of Labor Statistics reported Tuesday. The consumer price index, which tracks a wide range of goods and services, rose 0.1% for the month and 8.3% over the past year. Excluding volatile food and energy costs, the … Read more

Asian markets rise, South Korean stocks explode ahead of US CPI report

China’s tourism revenue still well below 2019 levels, data shows Domestic tourism revenue for the Mid-Autumn Festival hit 28.68 billion yuan ($4.16 billion), just 60.6 percent of pre-pandemic levels in 2019, official data showed. . Revenues have remained below 2019 levels since the pandemic hit in early 2020. Cinema ticketing site Maoyan showed the long-weekend … Read more

Inflation report could show CPI moderating with gasoline, travel costs falling

A customer buys eggs at a Kroger grocery store on August 15, 2022 in Houston, Texas. Brandon Bell | Getty Images Inflation is still scorching, but is expected to have moderated in August as gasoline prices have fallen, supply chains have improved and the cost of travel has fallen. The Consumer Price Index will be … Read more

5 things to know before the opening of the Stock Exchange Monday, September 12

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, United States, September 9, 2022. Brendan Mcdermid | Reuters Here are the most important information investors need to start their trading day: 1. Futures contracts look solid American scholarships were set to open higher on Monday morning as investors sought … Read more

Japan travel stocks rise following report on easing of rules

North Asian refiners will receive a full allocation of Saudi crude in October, Reuters reports At least three refiners in North Asia have been told by Saudi Aramco that they will receive full contract volumes of crude in October, Reuters reported, citing people with knowledge of the matter. In its first cut in four months, … Read more

Fed’s Waller predicts ‘significant’ rate hike this month, backs data-dependent approach

On Friday, Federal Reserve Governor Christopher Waller echoed recent sentiments from his colleagues, saying he expects a big hike in interest rates later this month. He also said policymakers should stop trying to guess the future and instead stick to what the data says. “Looking ahead to our next meeting, I support another significant increase … Read more

5 things to know before the stock market opens on Friday September 9

Trade on the NYSE floor on August 30, 2022. Source: NYSE Here are the most important information investors need to start their trading day: 1. That Friday feeling Equity Futures pointed to a positive opening on Friday morning as U.S. markets headed for a possible winning week after three straight losses. All three major indexes … Read more

5 things to know before the stock market opens on Friday September 9

Trade on the NYSE floor on August 30, 2022. Source: NYSE Here are the most important information investors need to start their trading day: 1. That Friday feeling Equity Futures pointed to a positive opening on Friday morning as U.S. markets headed for a possible winning week after three straight losses. All three major indexes … Read more

European markets rise after ECB’s record rate hike; The BoE postpones its meeting

Bank of England delays policy meeting after Queen’s death The Bank of England announced on Friday that it would postpone the meeting of its September monetary policy committee for a week after the death of Queen Elizabeth II. The UK is in a period of national mourning following the death of the Queen, Britain’s oldest … Read more

Hong Kong’s Hang Seng rises 2%, leads Asian markets higher after Powell’s inflation comments

HSBC says latest inflation readings from China allow PBOC to maintain accommodative monetary policy China’s latest inflation figures give the People’s Bank of China room to maintain its current monetary stance, HSBC said in a note. “The moderation in price pressures gives the PBOC room to remain dovish,” said China economist Erin Xin. Xin added … Read more