2019-06-19 09:09:32| Guardian Unlimited Business - more business news
Rolling coverage of the latest economic and financial news, including the latest UK cost of living report 8.08am BST Stock markets across the Asia-Pacific region have jumped sharply today, following last nights gains in Europe and the US.Big moves in global equities y'day as Draghi admitted defeat in rekindling Eurozone inflation and Trump plans meeting with Xi. DJI closed 1.4% higher and UK shares should maintain momentum at the off.German 10 yr bund yield -0.32% , US T 10yr +2.06%Investors are taking heart from the new development.The two countries will at least be talking (after a lull), so the market thinks there is little chance that talks get broken off soon after they meet, 7.59am BST Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.With Brexit uncertainty still gripping Britain, households could use a boost to real incomes. And the latest UK inflation data, due this morning, could provide it. We look for headline inflation to slow to 1.9% year-on-year, while core inflation slows to 1.6% y/y.The recent depreciation in sterling should help support inflation in May and beyond, and the dip in inflation in May is largely due to base effects in core inflation that will unwind in June.#UK inflation later today...this is what the market expects. pic.twitter.com/RbgUeyA1Oz Related: Donald Trump slams Mario Draghi's rate cut plans - as it happened Continue reading...
2019-06-18 06:39:50| The Economic Times
Foreign investors are relatively comfortable with the India story right now, says Dennis
2019-06-14 20:56:19| Between the Hedges
2019-06-13 08:04:06| The Economic Times
Speaking at the India Ideas Summit of US-India Business Council, ahead of his visit to New Delhi later this month, he also said America is "open" to dialogue on trade issues.
2019-06-10 08:59:54| Guardian Unlimited Business - more business news
Rolling coverage of the latest economic and financial news, including Aprils UK GDP growth reportShares jump as US drops Mexico tariffsNikkei up 1.2%; FTSE 100 opens higherComing up: UK GDP for April 7.54am BST Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Related: Trump calls off tariffs after US-Mexico deal but Mnuchin says threat remains The biggest weekend news was Trumps Friday night tweet (and a formal joint US-MX statement) announcing an agreement which suspends Trumps tariffs threat on Mexico for now.Reading through the details, Mexico basically re-committed to existing promises (and maintained its own red line of rejecting safe third-country status) aka Trump blinked. The reaction in Asia has been positive.If President Obama made the deals that I have made, both at the Border and for the Economy, the Corrupt Media would be hailing them as Incredible, & a National Holiday would be immediately declared. With me, despite our record setting Economy and all that I have done, no credit!European Opening Calls:#FTSE 7367 +0.47%#DAX 12113 +0.56%#CAC 5385 +0.39%#MIB 20469 +0.53%#IBEX 9273 +0.40% Continue reading...