LONDON (Reuters) - Brexit uncertainty may have made British workers more cautious about their pay demands, which suggests that the economy has more room to grow without pushing up inflation, a top Sify Also reported by •Reuters India
U.S. index futures declined for the second day in a row, dipping 0.1% to the lowest in more than a week following declines in Asian and European shares. European stocks tried and failed to shrug off.. Zero Hedge
UK inflation unexpectedly held steady last month. The annual rate was unchanged from September’s five-and-half year high of 3%, official data showed. Rising food prices were offset by lower fuel.. Source: Euronews English -
British inflation held at its highest level in five and half years in October, and wrong-footed expectations from the Bank of England and other economists that it would hit a new peak. But, as Sonia.. Source: Rumble -
Inflation remains at 3% in October, unchanged from September's reading. Figure had been expected to rise to 3.1% in the month, according to forecasters polled prior to the release. October's reading.. Source: Wochit Headline News -
British inflation rose to its highest level in more than five years for September, according to official data, adding to the likelihood that the Bank of England will raise interest rates next month... Source: Euronews English -
British inflation rose to its highest level in more than five years in September, according to official data that could make the Bank of England more likely to raise interest rates next month. David.. Source: Rumble -
Here is what you need to know.
*A bunch of Chinese data misses. *Industrial output, retail sales, and fixed-asset investment all missed to the downside in October, according to data released Tuesday.. Business Insider
Official figures show that inflation in Britain held steady at 3 percent in the year to October, just below the level that would have forced the governor of the Bank of England to write to the.. FOXNews.com Also reported by •Seattle Times
This week, Japan, Germany and Italy release gross domestic product figures, while consumer-price readings from the U.S. and U.K. will signal if those countries’ central banks are moving closer to.. Wall Street Journal
The last time the Bank of England raised rates was July 2007, when rates increased to 5.75%. *Credit markets began to dislocate a month later* (when LIBOR diverged from Fed Funds), equity markets.. Zero Hedge
Dave Lutz, head of ETFs at JonesTrading, has an overview of today's markets.
· Netflix beat earnings after the bell on Monday and shares hit all-time highs.
· Goldman Sachs and Morgan Stanley.. Business Insider
Consumer prices in the U.K. rose in September at the fastest annual rate for more than five years, a pickup that will reinforce expectations the Bank of England could nudge up interest rates as soon as.. Wall Street Journal
Official figures show inflation in Britain rising a full percentage point above the Bank of England's target, a development that is set to reinforce market expectations that the central bank will raise.. FOXNews.com Also reported by •Seattle Times