The United Kingdom’s (UK) inflation rate rose to exceed the Bank of England’s target of 2 percent, the first increase recorded this year after months of decline.
According to data issued by the UK’s Office for National Statistics (ONS) on
German direct investment into China has risen sharply this year, in a sign that companies in Europes largest economy are ignoring pleas from their government to diversify into other, less geopolitically risky markets, the Financial Times said.
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The dollar extended losses on Wednesday after falling against major currencies overnight as upbeat US producer price data reinforced bets on a rate cut this year.
Risk-sensitive currencies stayed strong after the unexpected softening in inflation buo…
Gold prices edged lower on Wednesday as investors remained on the sidelines ahead of a key US inflation print later in the day that could set the tone for the Federal Reserve’s September policy meeting.
Spot gold eased 0.2% to
Oil prices climbed on Wednesday on estimates about shrinking US crude and gasoline inventories as the market watched for a possible widening of tensions in the Middle East, which could curtail global oil supplies.
Brent crude futures rose 30 cents
