Stubbornly high rents and food prices boost US inflation in August

The consumer price index increases by 0.1% in August Rents, food and health care explain the rise in the CPI Core CPI jumped 0.6%; increased 6.3% year-over-year WASHINGTON, Sept 13 (Reuters) – U.S. consumer prices rose unexpectedly in August and core inflation accelerated amid rising rent and health care costs, giving the Federal Reserve ammunition … Read more

European stocks and the euro jump on Ukrainian advances in the northeast

Join now for FREE unlimited access to Reuters.com Register LONDON, Sept 12 (Reuters) – European stocks surged on Monday after Ukrainian forces made a rapid advance into Kharkiv province in Russia’s worst setback since abandoning its push into Kyiv in March, while the euro extended gains inspired by the European Central Bank last week. On … Read more

Wall Street posts its first weekly gain since mid-August

Join now for FREE unlimited access to Reuters.com Register Focus on US inflation data next week Kroger rides on higher forecast Analysts attribute the rise to an oversold condition Sept 9 (Reuters) – U.S. stocks rallied on Friday, with major indexes posting their first weekly gain in four weeks as investors resumed buying, dispelling worries … Read more

ECB raises rates by an unprecedented 75 basis points to fight inflation

Join now for FREE unlimited access to Reuters.com Register Increases deposit rate to 0.75% from zero Eurozone inflation uncomfortably high and rising New ECB forecasts show higher inflation and weaker growth Other rate hikes reported Lagarde will speak at 12:45 GMT FRANKFURT, Sept 8 (Reuters) – The European Central Bank raised key rates by a … Read more

Britain’s new leader Liz Truss finalizes huge electricity subsidy plan

Join now for FREE unlimited access to Reuters.com Register Truss will announce an energy support plan on Thursday The new Prime Minister rules out the exceptional tax on electricity companies Pound falls to lowest since 1985 against US dollar Kwarteng says borrowing will be higher BoE says support for energy could help calm inflation LONDON, … Read more

Wall Street hits four-week highs as bond yields fall

Join now for FREE unlimited access to Reuters.com Register Energy stocks follow the fall in oil The Fed’s Beige Book indicates that price pressures are still lingering Fed Chairman Powell will speak on Thursday Dow up 1.4%, S&P 500 up 1.84%, Nasdaq up 2.14% Sep 7 (Reuters) – U.S. stock indices climbed the most in … Read more

Wall Street ends its busy post-summer session in the red

Join now for FREE unlimited access to Reuters.com Register ISM service sector data beats estimates Bed Bath & Beyond shares sink after death of CFO Wall St emerges from three straight weeks of decline Dow down 0.55%, S&P 500 down 0.41%, Nasdaq down 0.74% NEW YORK, Sept 6 (Reuters) – Wall Street’s major indexes closed … Read more

Asian stocks stagnate as investors await more rate action

People walk past an electronic screen showing Japan’s Nikkei stock price index at a conference room in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato/File Photo Join now for FREE unlimited access to Reuters.com Register HONG KONG, Sept 6 (Reuters) – Asian stocks largely wiped out early morning gains on Tuesday afternoon as investors remained cautious … Read more

Wall Street plummets for 4th straight session on Fed outlook

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 22, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register Snap jumps as it restructures advertising business and lays off staff Bed Bath & Beyond sinks in corporate overhaul Dow down 0.57%, S&P 500 down … Read more

Wall Street drops for third straight session on concern over Fed rate hike

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 29, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register Best Buy sales beat estimates as discounts drive demand July job openings up sharply Dow down 1.02%, S&P 500 down 1.22%, Nasdaq down 1.45% … Read more