Page 6 - Global Inflation

Gold consolidates as traders brace for US inflation data on Wednesday

(Reuters) - Gold consolidated in a narrow range on Tuesday, buoyed by a softer dollar but held back as investors refrained from big bets until the release this week of U.S. inflation data expected to influence the pace of interest rate hikes.

Global rice supplies at risk as harsh weather hits top exporters: Analysis

Adverse weather across top rice suppliers in Asia, including the biggest exporter India, is threatening to reduce the output of the world's most important food staple and stoke food inflation.

Walton family loses $11.4 bn after Walmart slashes earnings outlook

The Walton family fortune fell $11.4 billion on Tuesday after Walmart Inc slashed its earnings outlook for the second time this year

IMF cuts global growth outlook, warns high inflation threatens recession

Global real GDP growth will slow to 3.2% in 2022 from a forecast of 3.6% issued in April, the IMF said in an update of its World Economic Outlook

No relief for markets as Fed gets aggressive to tame inflation: Chris Wood

The latest consumer inflation (CPI) print in the US for June came in at 9.1 per cent - the highest reading since 1981, and surpassed most analysts' expectations, who had pegged this at 8.8 per cent

Recession is the best time to invest; put money now: Trideep Bhattacharya

The first six to nine months of this year (till July or August) will see more volatility, and money making would be difficult, says the CIO-Equities of Edewleiss AMC

Wall Street says a recession is coming. Consumers say it's already here

Layered on top of the inflation squeeze are the mounting concerns about the outlook for economic growth, not just this year, but into 2023

Emerging markets post longest streak of monthly outflows since 2015: IIF

Emerging markets suffered a fourth straight month of portfolio outflows in June, notching the longest losing streak in seven years, as recession fears and inflation rattled investors, IIF data said

Markets unlikely to bottom out soon amid recession fears: Nomura

As regards valuations, Nomura believes stocks have largely (if not fully) priced in expectations of higher policy/discount rates. They expect the markets to remain choppy in the near-term

French airport workers strike demanding higher pay amid inflation

The labor action is the latest trouble to hit global airports this summer, as travel resurges after two years of virus restrictions

World stocks slide on renewed economic fears, capping worst H1 on record

The share market has dipped worldwide looking at recession trends and inflation, posing some renewed economic concerns for investors

Indian stocks set to post their worst half-year performance in two years

Among sectors, the largest decline was seen in metal & information technology (IT) stocks, while relative outperformance was seen in auto counters

Joe Biden, G7 leaders huddle on energy, inflation, Russia-Ukraine war

US President Joe Biden and his Group of Seven allies will huddle on strategies to secure energy supplies and tackle inflation, aiming to keep the fallout from Russia's invasion of Ukraine

5 reasons why BofA Securities has cut year-end Nifty target to 14,500

Clarity on macro and monetary policy outlook in the US/India, it said, is the silver lining that could see markets bottom out by August/September 2022., it said

Will buy Indian stocks if Nifty drops to around 14,000 levels: Chris Wood

In the short-term, Wood suggests that investors should sell stocks on a rally. The bet for a sustained equity market rally before 2022 end is a possible change in the US Fed's language, he said

Cryptoverse: The funds making moolah from the messy markets amid inflation

The crypto market's a hot mess, leaving many investors struggling to turn a buck

Oil prices slide on Beijing Covid warning, global inflation concerns

Oil prices slipped more than $2 on Monday as a flare-up in Covid-19 cases in Beijing quelled hopes for a rapid pick-up in China's fuel demand

Inflation, Russia-Ukraine war, refugee crisis draw G7 leaders' focus

German Finance Minister Christian Lindner, the meeting's host, told reporters ahead of the meeting that Ukraine will likely need a number of double-digit billion euros over the coming months

Data puts Turkey's annual inflation rate at 73.5%, at a 24-year high

Annual inflation in Turkey hit 73.5 per cent in May, the highest rate since 1998, according to official data released on Friday as a cost-of-living crisis in the country deepens. The Turkish Statistical Institute said the rate represented an increase of almost 70 per cent from the month before. Consumer prices were up nearly three per cent from April, the institute reported. While many countries are seeing rising consumer prices, critics blame Turkey's problems on President Recep Tayyip Erdogan's economic policies. The Turkish leader insists that high borrowing costs cause inflation - a position that contradicts established economic thinking - and advocates lowering interest rates to boost growth and exports. Turkey's central bank has cut rates by five percentage points since September, to 14 per cent before pausing them in January. The Turkish lira lost 44 per cent of its value against the US dollar last year. Russia's invasion of Ukraine, which led to a surge in gas, oil and gra

Gold prices edge up from 2-week low as inflation worries persist

(Reuters) - Gold prices inched up from a two-week low on Wednesday, supported by worries over rising inflation, although a stronger dollar and rising U.S. yields kept gains in check.