Economic events
Europe’s stocks open higher ahead of closely watched U.S. inflation data
European markets opened higher on Wednesday as traders await the latest U.S. inflation data that will inform the Federal Reserve’s decision-making on interest rate cuts. The pan-European Stoxx 600 was around 0.4% higher during early deals, with most sectors and all major bourses in positive territory shortly after the opening bell. London’s FTSE 100 was […]
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UK inflation unexpectedly cools to 2.5%, core price print slows further
LONDON — U.K. inflation fell to a lower-than-expected 2.5% in December, with core price growth slowing further, according to data released by the Office for National Statistics on Wednesday. The consumer price index (CPI) rose to 2.6% in November, with economists polled by Reuters expecting the December reading to stay unchanged. Core inflation, which excludes more volatile […]
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New Zealand won’t ‘get rich’ by focusing trade in the South Pacific alone, PM says
Cattle photographed in New Zealand. Agriculture plays a major role in New Zealand’s economy, especially when it comes to exports. David Clapp | Stone | Getty Images New Zealand’s prime minister told CNBC the country has to look beyond its own backyard for trade opportunities, as the South Pacific island nation signs an economic partnership with […]
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Asia markets rise as investors assess U.S. inflation data, Japan business sentiment
Pedestrians walk past Japanese national flags decorating a street in the popular tourist area of Ginza as people do last minute shopping before the New Year’s holidays, in central Tokyo on December 30, 2024. Richard A. Brooks | AFP | Getty Images Asia-Pacific markets rose Wednesday, following a softer-than-expected inflation data from the U.S. that […]
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Spain plans to tackle housing crisis with 100% tax on homes bought by foreigners
Houses along a hillside outside Marbella on the sunny coast, Costa del Sol, in Spain. Marcus Lindstrom | Istock | Getty Images Spain is planning to impose a tax of 100% on homes bought by non-EU residents as it looks to tackle an entrenched housing crisis in the country. Spanish Prime Minister Pedro Sanchez on […]
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A global bond sell-off is deepening as investors pare Fed rate cut expectations
The Eccles Building, location of the Board of Governors of the Federal Reserve System and of the Federal Open Market Committee. Brooks Kraft | Getty Images A sell-off in global bond markets is accelerating, fueling concerns over government finances and raising the specter of higher borrowing costs for consumers and businesses around the world. Bond yields […]
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As the U.S. dollar soars, here are Europe’s biggest winners and losers
Nora Carol Photography | Moment | Getty Images The recent strengthening of the greenback could both benefit and hurt Europe, analysts say, with market watchers anticipating further weakening of the bloc’s major currencies in 2025 as President-elect Donald Trump takes office in the U.S. and economic uncertainty persists. The U.S. dollar index — which measures the greenback […]
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Asia markets open mixed, tracking Wall Street moves that saw investors rotate out of tech
Sunrise scene of Seoul downtown city skyline, Aerial view of N Seoul Tower at Namsan Park in twilight sky in morning. The best viewpoint and trekking from inwangsan mountain in Seoul city, South Korea Mongkol Chuewong | Moment | Getty Images Asia-Pacific markets opened mixed Tuesday after a mixed session on Wall Street that saw […]
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European markets set to start the new trading week in mixed territory
European markets are expected to start the new trading week in mixed territory Monday, as jitters over the global economy persist. The U.K.’s FTSE 100 index is expected to open 22 points lower at 8,227, Germany’s DAX down 37 points at 20,182, France’s CAC down 11 points at 7,413 and Italy’s FTSE MIB down 143 points […]
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Asia-Pacific markets set to open lower after strong U.S. jobs report clouds Fed rate-cut path
Aerial view of the Shanghai financial district skyscrapers and the Huangpu river at sunset. Tobiasjo | E+ | Getty Images Asia-Pacific markets were set to open lower Monday, after U.S. jobs report on Friday dampened investors’ hopes for early interest rate cuts by the Federal Reserve. Australia’s S&P/ASX 200 traded 0.99% lower. Hong Kong’s Hang […]
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