MARKET UPDATES
The Australian dollar weakened because of the bigger-than-expected unemployment rate…
Japan's consumer prices tack on for ninth straight month
In September, Japan's core consumer prices inched up for a ninth straight month, as a Reuters survey disclosed. However, the prices seemed to be less than half way to meeting the Bank of Japan's 2% inflation objective.
The nationwide core consumer price index, including crude products, but excluding volatile fresh food prices, added 0.8% in September from 2016 after a 0.7% revenue last month, as the survey of 20 market experts unveiled.
Tokyo core consumer prices ascended 0.5% in October from 2016, a year earlier. It’s the same rate of revenue as in September.
As market experts state, in September gasoline and electricity costs spurred consumer prices moderately, although prices excluding energy related stuff were subdued.
Higher charges for parcel delivery as well as some food products are going to be closely watched for how they might impact other prices.
Wage and price recovery is still poor because corporations are reluctant to pass on some of their accumulated revenues to their employees notwithstanding the strengthening economy.
Similar
Market updates on June 11
On Tuesday, the improved market sentiment supported risky assets such as stocks, emerging-market currencies, and crude oil.
Important events this week will bring us!
Major events that affect markets in the upcoming days
Latest news
British inflation tacks on for the first time this year
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Evergreen buck heads north
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
Gold sinks on soaring greenback
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…
Deposit with your local payment systems
