Italy Consumer Price Index (MoM) in line with forecasts (0%) in October

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Dow Jones slips backwards on pullback Tuesday

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The Dow Jones is taking a breather as bids grapple with 44,000. Post-election rally pauses, but with little retracement on the cards. US CPI inflation data due Wednesday to drive momentum. The Dow Jones Industrial Average shed around 300 points on Tuesday, marking out territory near the 44,000 handle as equities take a brief pause […]

Dow Jones Industrial Average rises over 300 points as equity jubilation continues

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The Dow Jones is set to close north of 44,000 for the first time ever as bulls continue to run. Equity markets have tilted fully into the buy side after Trump’s decisive election win. US CPI inflation print due in the mid-0week as markets eye more Fed rate cuts. The Dow Jones Industrial Average (DJIA) […]

USD/JPY declines to 142.00 as soft US annual PPI weighs on US Dollar

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USD/JPY slumps to near 142.00 as the US Dollar corrects after the US PPI report release. The US headline and core PPI for August came in softer-than-expected. BoJ Tamura sees interest rates rising to at least 1%. The USD/JPY pair falls sharply to near 142.00 in Thursday’s North American session. The asset declines as the […]

China’s CPI inflation edges higher to 0.6% YoY in August vs. 0.7% expected

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China’s Consumer Price Index (CPI) rose at an annual pace of 0.6% in August after reporting a 0.5% growth in July. The market consensus was for a 0.7% increase in the reported period. Chinese CPI inflation came in at 0.4% MoM in August versus July’s 0.5% acceleration, worse than the 0.5% estimate. China’s Producer Price Index (PPI) declined 1.8% YoY […]