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POPULAR NEWS
Hong Kong Stocks Soar on Trade Deal Reports (Review)

Hong Kong stocks jumped more than two percent Friday after reports said China and the US had finally reached a partial trade agreement that will see Washington cancel tariffs due to be imposed at the weekend. The Hang Seng index soared 2.57 percent, or 693.62 points, to 27,687.76. The benchmark Shanghai Composite Index added 1.78 percent, or 51.98 points, to 2,967.68 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, rallied 1.48 percent, or 24.22 points, to...

Stock market books tepid gains to end the week as market weighs merits of limited China trade-deal

The S&P 500 and the Nasdaq Composite finished the week at records Friday but enthusiasm over an announced China-U.S. partial trade deal, which had sparked buying Thursday, faded as investors weighed aspects of the so-called phase-one pact. The Dow Jones Industrial Average closed up about 0.01% at 28,135, missing a record close at 28,164, while the S&P 500 index advanced less than 0.01% to 3,169, enough for a fresh all time high. The Nasdaq Composite Index closed up 0.2% to end at...

U.K. Inflation Climbs Above Target on Energy Costs, Air Fares
Wednesday, 22 May 2019 15:50 WIB | ECONOMY |Ekonomi inggris

Energy and transport costs pushed U.K. inflation back above target last month.

Consumer prices rose 2.1% from a year earlier, ending a three- month spell of inflation below the Bank of England™s 2 percent goal, Office for National Statistics figures published Wednesday show. The figure was slightly below the 2.2% forecast by economists.

The pickup, from 1.9% in March, was driven by the lifting of the government cap on default energy tariffs. Electricity prices jumped 10.9% and gas increased 9.3%, dwarfing increases seen a year earlier.

There was also upward pressure from higher auto-fuel prices, while Easter boosted transport costs, air fares in particular. The four-day vacation began on April 19, three weeks later than it did last year. The largest offsetting factor came from cheaper computer games.

The widely-anticipated inflation spike is expected to prove temporary, however, with the BOE predicting a return to target this month. Core inflation stayed at 1.8%, giving officials breathing space to keep interest rates on hold amid the continuing Brexit deadlock.

Source : Bloomberg

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POPULAR NEWS
Hong Kong Stocks Soar on Trade Deal Reports (Review)

Hong Kong stocks jumped more than two percent Friday after reports said China and the US had finally reached a partial trade agreement that will see Washington cancel tariffs due to be imposed at the weekend. The Hang Seng index soared 2.57 percent, or 693.62 points, to 27,687.76. The benchmark Shanghai Composite Index added 1.78 percent, or 51.98 points, to 2,967.68 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, rallied 1.48 percent, or 24.22 points, to...

Stock market books tepid gains to end the week as market weighs merits of limited China trade-deal

The S&P 500 and the Nasdaq Composite finished the week at records Friday but enthusiasm over an announced China-U.S. partial trade deal, which had sparked buying Thursday, faded as investors weighed aspects of the so-called phase-one pact. The Dow Jones Industrial Average closed up about 0.01% at 28,135, missing a record close at 28,164, while the S&P 500 index advanced less than 0.01% to 3,169, enough for a fresh all time high. The Nasdaq Composite Index closed up 0.2% to end at...

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