Home » Money

Slovakia Inflation Accelerates For Third Month

14 October, 2017, 00:26 | Author: Jeff Stephens
  • The US dollar has some momentum into the retail sales and CPI numbers. What to watch for

Treasury yields slipped on Friday after muted underlying US inflation data offset higher gasoline prices and strong retail sales while the USA dollar regained ground lost earlier in the day but was still set for its worst week in five.

U.S. Treasury prices gained after the Treasury Department saw strong demand for a sale of 30-year bonds.

The Fed has indicated it plans to raise interest rates in December. "I think for the most part, markets are still waiting for the CPI report tomorrow".

Sterling hadn't traded above $1.33 since October 2, according to FactSet data.

Scott Clemons, chief investment strategist for Brown Brothers Harriman in NY, said that "after a long stretch of consecutive highs in the market, with earnings, even if they are slightly disappointing" that is an excuse to sell off.

Investment banking gains drives Citi's quarterly results
The bank had to set aside more money to cover bad loans like in the bank's credit card division. Investment banking revenue was $4.6 billion in the quarter, up 16 percent from a year earlier.


The Dow Jones Industrial Average fell 31.88 points, or 0.14 percent, to end at 22,841.01, the S&P 500 lost 4.31 points, or 0.17 percent, to 2,550.93 and the Nasdaq Composite dropped 12.04 points, or 0.18 percent, to 6,591.51.

Core inflation rose to 2.3 percent in September from 2.2 percent in August. The MSCI index reached a record high, as it has for seven of the past eight trading days.

The price index of a small basket in September 2017 compared to August 2017 was 100.7% and the overall increase since the beginning of the year (September 2017 compared to December 2016) has been 102.1%. Core prices had been expected to rise by 0.2 percent.

Excluding automobiles, petrol, building materials and food services, retail sales increased 0.4 per cent last month after being unchanged in August.

The euro was down 0.15 percent to $1.1839 snapping four straight days of gains after rising to its highest since September 25 earlier in the session.

Hartley to race F1 for Toro Rosso
Gasly has clashing commitments in Japan but is expected to return for the remaining races. Team boss Franz Tost welcomed Hartley back as part of the Red Bull family.


The pan-European FTSEurofirst 300 index rose 0.01 percent and MSCI's gauge of stocks across the globe gained 0.04 percent. Sterling had climbed to an intraday high of $1.3324 after German newspaper Handelsblatt late Thursday reported that the European Union may offer a two-year Brexit transition deal to Britain.

US crude rose 1.52 percent to $51.37 per barrel and Brent was last at $57.16, up 1.62 percent.

Policymakers could, however, find solace from another report indicating that the United States economy was swiftly recovering from the damage inflicted by Hurricanes Harvey and Irma, with a strong rebound in retail sales last month.

The ICE Dollar Index was on course to fall 0.7% for the week, the first weekly decline in five weeks.

Huawei Y6 Pro (2017) launches in Europe
On the storage front, the Honor 6C Pro ships with 32GB of inbuilt storage , which can be expanded via microSD card (up to 128GB). The Honor 6C Pro gets the same 13-megapixel primary snapper on the rear panel as 6C and an 8-megapixel selfie shooter.


Recommended:



Popular

Qualcomm asks court to block sale, manufacturing of iPhones in China
This legal battle kicked off in January, when Apple filed a lawsuit claiming that Qualcomm was holding payments for ransom. The two companies are months into a legal dispute that centers on Qualcomm's technology licensing business.

What Do Analysts Suggest For International Business Machines Corporation (IBM)
Old Second Savings Bank Of Aurora holds 4,178 shares. (NYSE: IBM ) has "Buy" rating given on Friday, January 8 by Stifel Nicolaus. The stock exchanged hands with 3,304,083 numbers of shares compared to its average daily volume of 3.95M shares. (NYSE: IBM ).

Trent Reznor and Atticus Ross get spooky with 'Halloween' cover
The simple but haunting theme for Halloween has become famous in its own right and has appeared in every subsequent sequel. Carpenter also recently confirmed he would handling the music for the upcoming Halloween reboot/sequel, due out in 2018.

Chelsea boss Antonio Conte delivers injury updates ahead of Crystal Palace clash
Antonio Conte held a press conference at Chelsea training ground Cobham on Friday afternoon. Or give an opportunity to young players like Ampadu or Scott ".

Iraqi Kurds send reinforcements to disputed Kirkuk
The Kirkuk province is not officially included in Iraqi Kurdistan, but it is in fact partially controlled by Kurdish Peshmerga detachments.

USS Tucson, supersonic bomber deployed to South Korea
Joining the drill from the USA military would be USS Ronald Reagan nuclear-powered aircraft carrier under the US 7th Fleet. Navy says in a release it's part of a "routine visit during a regularly scheduled deployment to the Western Pacific".

Maria Sharapova into Tianjin Open semi-final
The former world No. 1 and five-time Grand Slam victor took just over an hour to win 6-3, 6-1 in China. The Russian tennis player, with 6-3 and 6-1 sets, has risen to semifinals, leaving 2-0 victorious.

Titans receiver: Would quit over anthem rule, deletes tweet
Matthews deleted the tweet shortly after, but a screenshot had already been saved by the news producer. Earlier this month, the Seattle Seahawks and Titans stayed off the field during the anthem .

Jane Fonda on Harvey Weinstein: 'I'm ashamed that I didn't say anything'
When pressed by Amanpour, Fonda said this sort of thing also happened to her in the past-though never perpetrated by Weinstein. Fonda, 79, said that her friend and fellow actor, Rosanna Arquette , had recounted a troubling experience with Weinstein.

Aston Martin shows off new DB11 Volante convertible GT auto
And its performance is great too-Aston quotes a 4.1-second 0-62 miles per hour time, and it'll hit 187 miles per hour flat out. The DB11 Volante has been engineered to deliver a much broader envelope of abilities.