Asian Shares Fall Ahead Of Powell's Speech

Asian stocks ended mostly lower on Wednesday as investors digested hawkish comments from Fed officials on the future rate hike path and looked ahead to Fed Chair Jerome Powell’s speech for direction. A firmer dollar and a recovery in U.S. Treasury yields weighed on gold, while crude prices held steady […]

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UK Wage Growth Slows Amid Cooling Labor Market

UK wage growth eased in the third quarter and vacancies declined further reflecting the loosening labor market conditions, data from the Office for National Statistics showed on Tuesday. Excluding bonuses, regular pay growth was 7.7 percent in the three months to September, in line with expectations but slower than the […]

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Asian Markets Mostly Lower Amid Cautious Trades

The cautious approach ahead of the US Fed Chair Jerome Powell’s speeches later today and tomorrow is keeping Asian stock markets mostly lower on Wednesday, despite the broadly positive cues from the Wall Street overnight. Traders seemed reluctant to make significant moves and will pay close attention to the Powell’s […]

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UK Consumers Turn Cautious On Christmas Spending

UK grocery price inflation fell to single digits for the first time since July last year, but consumers are likely to continue feeling the pinch, a survey from the market research group Kantar showed Tuesday. Separate surveys from the BRC and Barclays also showed that consumers are tightening their purse […]

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