Breaking news from trusted financial sources. Central bank decisions, economic data releases, and expert analysis.
Italy's annual inflation rate saw a minor dip in July, with headline figures confirming a marginal decrease from the previous month.
Upcoming US inflation data could surprise markets, even if figures fall within the expected range, due to the specific distribution of analyst forecasts.
Bitcoin's price struggles to maintain momentum above $64,000 as sellers reassert control, influenced by broader economic signals.
The Nasdaq's recent upward momentum has paused, with market participants now focusing on upcoming US inflation data and the Jackson Hole Symposium.
Zcash (ZEC) is currently trading under the $500 mark, showing stability after a two-day decline, as market participants await US CPI data.
Germany's Consumer Price Index (CPI) for July showed a monthly increase of 0.8%, precisely meeting economist forecasts.
Germany's Consumer Price Index (CPI) for July registered an annual increase of 2.8%, aligning precisely with market expectations.
Germany's Harmonized Index of Consumer Prices (HICP) registered an annual increase of 2.8% in July, aligning with analyst predictions.
Germany's Harmonized Index of Consumer Prices (HICP) showed a monthly increase of 0.9% in July, aligning with market expectations.
The Indian Rupee extended its decline against the US Dollar on Wednesday, pressured by rising oil prices and upcoming inflation reports.
Global crude benchmarks Brent and WTI rose, reflecting persistent geopolitical risks and disruptions to key shipping lanes and refining capacity.
A Federal Reserve policymaker indicated readiness to support a September rate increase if upcoming economic data warrants such a move.
Tether, the largest private holder of gold, has given its customers a limited timeframe to withdraw their holdings from its vault.
Australia introduces a new minimum wage for gig delivery drivers, potentially impacting inflation and setting a global precedent.
Gulf states are increasingly developing alternative land-based trade corridors to mitigate potential disruptions at the Strait of Hormuz.
Gold finds support near $2,350, with market participants keenly awaiting US CPI data to gauge potential future price direction.
The Australian Dollar edged lower against the US Dollar on Wednesday, trading around 0.7060, as the greenback gained strength ahead of key US inflation figures.
The Japanese Yen reached a two-week low against the US Dollar, influenced by interest rate differentials and upcoming US inflation figures.
Asian stock markets showed divergence as South Korean tech giants surged on AI demand, while Japanese indices awaited US inflation data.
The British Pound weakened against a strengthening US Dollar as market participants awaited key inflation data and monitored global tensions.
Tether is discontinuing its Alloy gold-backed token platform, consolidating focus on its primary XAUT product amidst its substantial gold reserves.
Recent US presidential comments on the Strait of Hormuz contrast with ongoing shipping incidents and Iranian statements, influencing oil prices.
The People's Bank of China established the yuan's reference rate at 6.7882 per US dollar, exceeding market projections.
Goldman Sachs' chief economist forecasts a subdued July US CPI, suggesting a continued easing of inflationary pressures.
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