China's industrial output growth slowed to 14.7% in the year to July, a 19-month low, as manufacturers struggled with weakening export demand and rising input costs, the government said on Thursday.
Stocks will be on inflation watch Thursday. Volatile trading in oil and commodities promises to spill into the stock market again. On Wednesday, energy and other commodities rose, reversing a selling trend and worrying investors, who have been hoping for a reprieve from inflation.
We should know more about inflation at the consumer level on Thursday morning. How should you trade?
The U.S. dollar edged lower against the euro on Wednesday after a spike in crude oil prices rekindled worries about the world's largest economy's growth outlook.
Stocks closed lower, hurt by rising oil prices and fresh worries about the financial sector, though the market ended off its lows for the day.
An August poll of fund managers showed a shift in favor of U.S. assets with a more positive attitude towards the dollar.
Stocks opened lower amid signs that the consumer was buying fewer goods that will cost more in the future.
The Bank of England signalled today that interest rates in the UK will remain on hold for the coming two years if it is to bring inflation back to target even though the economy will be teetering on the edge of recession.
Chinese shoppers turned in a gold-medal performance in July as annual growth in retail sales accelerated to a record 23.3 percent on the back of rising incomes.
Stocks should continue to take most of their cues from oil and the dollar Wednesday, but July retail sales data could also be key.
Japan's economy contracted 0.6% in the second quarter, reinforcing views that the world's No.2 economy has slipped into recession after its longest postwar expansion.
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The U.S. economy may yet slip into recession, but inflation is an even bigger risk given the "exceptionally'' stimulative stance of monetary policy, Richmond Federal Reserve President Jeffrey Lacker said Tuesday.
A rally in the U.S. dollar stalled and the currency was little changed against the euro Tuesday as some investors sold the greenback to lock in profits after it touched multi-month highs.
Now that inflation is no longer haunting the markets, the future earnings of high-growth stocks have become much more attractive.
U.S. farmers will reap their second-largest corn crop, a mammoth 12.288 billion bushels, despite spring rains and floods that raised fears of shortages and skyrocketing prices, the government said on Tuesday.
Inflation in the UK rose 4.4 percent in July according to the latest consumer price index (CPI) data and the Bank of England's own inflation outlook released Wednesday is sure to paint a similar picture.
China's consumer price inflation fell to a 10-month low of 6.3 percent in July from 7.1 percent in June as last year's surge in the cost of food continued to unwind, the government said on Tuesday.
Japanese annual wholesale price inflation jumped to 7.1 percent in July, a 27-year high and well above expectations, adding to fears that high energy and commodity costs are squeezing firms and pushing the economy into recession.
Stocks are likely to follow the dollar, commodities trade again Tuesday, with little economic news to drive direction early.