Weekly Cryptonews
The first part of the week was more than optimistic for Bitcoin. However, now it is going through the correction phase.
Japan consumer prices tack on for the ninth straight month
In September, Japan's core consumer prices demonstrated a ninth straight month of annual revenues. However, they didn’t manage to accelerate from last month, thus underscoring the major bank's ambitious task because it actually struggles to meet an ever-elusive 2% inflation objective.
Apparently, most of September's scant inflation was powered by ongoing leaps in energy costs that were partly compensated by sagging cellphone bills, which is another sign that companies are still reluctant to lift prices as they don’t want to stall a fragile revival in private consumption.
Still, the BOJ is braced for maintaining its current inflation forecasts at a policy gathering next week. The country’s major financial institution blames ongoing inflation on such factors as corporate efforts to spur productivity.
Meanwhile, in September, the nationwide core consumer price index, including oil products and excluding volatile fresh food prices, rallied 0.7% from 2016, matching August. However, it turned to be lower than a 0.8% median market estimate.
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Latest news
Gold heads south on tumbling greenback
On Monday, gold declined notwithstanding a lower American currency because data underpinned hopes for a Fed interest rate lift…
European equities conclude in positive territory for the fifth consecutive week
On Friday, European stock indices fluctuated at the beginning of the trading session…
RBNZ Meeting
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.
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