Page 106 - Latest Updates on Inflation
Global stock recovery takes a breather ahead of US inflation numbers
European stocks were mostly higher or unchanged on the day, while U.S. futures pointed to small declines at the open on Wall Street
 "Global stock recovery takes a breather ahead of US inflation numbers")
Sensex up 460pts, Nifty tops 17600 on dovish RBI policy; bond yields dip 1%
Repo rate was left unchanged at 4 per cent and the reverse repo rate at 3.35 per cent
 "Sensex up 460pts, Nifty tops 17600 on dovish RBI policy; bond yields dip 1%")
Currency markets calm, euro-dollar steady ahead of US inflation data
Currency market moves were small on Thursday as investors waited for key data on U.S. inflation to give clues on the Federal Reserve's policy tightening trajectory
 "Currency markets calm, euro-dollar steady ahead of US inflation data")
India's retail inflation likely reached RBI's 6% upper limit in Jan: Poll
Inflation is climbing across the world and India is no exception but price rises have stayed relatively tame by historical standards, allowing the RBI to leave interest rates unchanged for now.
 "India's retail inflation likely reached RBI's 6% upper limit in Jan: Poll")
Stocks rally loses steam in Asian trade before US inflation report
World bond yields continued to ease from multi-year highs
 "Stocks rally loses steam in Asian trade before US inflation report")
Gold prices rise on softer dollar, yields; US inflation data in focus
All eyes are on US consumer price data for January due on Thursday that could provide more clarity on the Federal Reserve's rate hike trajectory
 "Gold prices rise on softer dollar, yields; US inflation data in focus")
Global stocks follow Wall Street higher after rebound
London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong advanced
 "Global stocks follow Wall Street higher after rebound")
Gold near 2-week high as inflation risks buoy appeal
Spot gold XAU= was up 0.1% at $1,826.76 per ounce, as of 0725 GMT, holding near previous session's high of $1,828.68, the strongest level since Jan. 26
 "Gold near 2-week high as inflation risks buoy appeal")
Soaring edible oil prices deal blow to India's inflation fight
Prices of palm oil, the most-consumed edible oil in the world, have jumped 15% this year to a record
 "Soaring edible oil prices deal blow to India's inflation fight")
Gold advances to near 2-week peak as inflation risks lift demand
Spot gold rose 0.4% to $1,827.86 per ounce by 13:49 EST (1849 GMT), after hitting its highest since Jan. 26 at $1,828.12 earlier in the session.
 "Gold advances to near 2-week peak as inflation risks lift demand")
Gold firms near 1-week high as political risks buoy demand
Gold prices firmed on Tuesday as Russia-Ukraine concerns kept the safe-haven metal supported near the previous session's over one-week high
Asian stock markets, euro hold steady ahead of US inflation data
Markets are still alert for rate increases in both the euro zone and the United States after the European Central Bank last week was considered to have adopted a more hawkish tone.
 "Asian stock markets, euro hold steady ahead of US inflation data")
Gold prices steady near 1-week high as inflation risks lift demand
Gold is considered a hedge against inflation and geopolitical risks, yet rate hikes would raise the opportunity cost of holding non-yielding bullion
 "Gold prices steady near 1-week high as inflation risks lift demand")
Sensex tanks over 1,000 points today: What is dampening equity markets?
The high spirits on the budget were short-lived as the global concerns have began weighing on equities.
 "Sensex tanks over 1,000 points today: What is dampening equity markets?")
Gold prices gain as inflation worries outweigh higher yields
The dollar index was flat, while benchmark 10-year U.S. Treasuries hit their highest levels since December 2019 on Friday.
Goodbye easy money as hawkish central banks speed up rate hikes
Rates are rising because policy makers judge that the global inflation shock now poses a bigger threat than further damage to growth from Covid-19
 "Goodbye easy money as hawkish central banks speed up rate hikes")
Philippine CPI eases to 3.0% in Jan, central bank to meet on Feb 17
The central bank, which has kept its policy rate unchanged at 2.0% since Nov. 2020, will meet on Feb. 17
 "Philippine CPI eases to 3.0% in Jan, central bank to meet on Feb 17")
Biden's 3 Fed nominees vow to tackle inflation while sustaining recovery
Biden announced his nominations of the three Fed officials in January as he seeks to reshape the central bank amid bumpy economic recovery.
 "Biden's 3 Fed nominees vow to tackle inflation while sustaining recovery")
World stocks fall on central banks' inflation outlook, glum Facebook update
On Wall Street, Facebook-owner Meta Platforms' dour forecast sent its stock plummeting, abruptly ending a nascent recovery built on upbeat earnings from big tech companies
 "World stocks fall on central banks' inflation outlook, glum Facebook update")
'Too early to say' if world faces sustained inflation: IMF chief Georgieva
The IMF last week cut its economic forecasts for the United States, China and the global economy
 "'Too early to say' if world faces sustained inflation: IMF chief Georgieva")