Daily Market News & Reports
Headline inflation rose by 0.1% in May as utilities prices increased Motor fuel prices remained flat for the first time in 7 months Core prices rose at a faster pace, up 0.2% on shelter and transportation components The headline consumer price index for May was on par with market expectations as energy prices rebounded slightly to prevent another month of falling prices. Up 0.1% in May, headline...
The price action in the FX market today is very similar to what we saw at the beginning of last week. The U.S. dollar is trading strongly against high beta currencies such as the GBP, AUD, NZD and CAD but is weaker against the EUR and CHF. The only outlier is USD/JPY, which extended gains into the North American session. While equity futures are basically unchanged the fact that the U.S. 10 year...
Indonesia gets closer to fuel price hike after Parliamentary approval Indonesia's legislature yesterday approved revisions to the 2013 budget that would clear the way for President Yudhoyono's government to raise fuel prices and cut the subsidy bill. A fuel price increase - the first since 2008 - has been on the table since last year when it was unexpectedly delayed due to political resistance...
Good day. And a Tom Terrific Tuesday to you! Speaking of Tom and his dog, Mighty Manfred the Wonderdog. I was a real Crabby Appleton yesterday afternoon. I was glad to see that I woke up this morning with a different attitude! Not sure why I became "rotten to the core" yesterday, I think it was a lack of sleep. The currencies and metals continued their mixed bag of results throughout yesterday...
