Inflation in the U.K. has aligned with the Bank of England’s (BoE) 2% target in recent readings, yet the central bank may hesitate to reduce interest rates this week. On Wednesday morning, market pricing indicated a 60% probability of a… Read More ›
Day: July 31, 2024
Oil Rebounds On Mideast Tensions But China Data Caps Gains
Oil futures rebounded more than $1 a barrel from seven-week lows on Wednesday following the assassination of Hamas leader Ismail Haniyeh in Iran, escalating tensions in the Middle East. Despite this uptick, prices continue to be weighed down by concerns… Read More ›
Euro Zone Inflation Surges Unexpectedly to 2.6%, Impacting ECB Rate Cut Outlook
Inflation in the euro zone unexpectedly rose to 2.6% in July, according to data released by the European Union’s statistics agency on Wednesday. This increase contrasts with the 2.5% inflation recorded in June and defied economists’ expectations, who had forecast… Read More ›
Assassination Of Hamas Leader Ismail Haniyeh In Iran Sparks Fears Of Wider Regional Escalation
Hamas leader Ismail Haniyeh was assassinated in the early hours of the morning in Iran, the Palestinian militant group announced on Wednesday, heightening concerns of a broader escalation in a region already shaken by Israel’s war in Gaza and a… Read More ›
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