Floods on Indonesia's holiday island of Bali have killed at least nine this week and affected 600 people, blocking off major roads in the capital and disrupting a busy travel destination, officials said on Wednesday. Continuous heavy rains between Tuesday evening and Wednesday caused the floods and killed five people in Bali's capital Denpasar, Abdul Muhari, the spokesperson of the country's disaster mitigation agency said in a statement. Four more people were killed in the regions of Jembrana, Gianyar, and Badung, Abdul added. Two people were still missing. Out of 600 people affected,...
Core producer prices in the United States, which exclude food and energy costs, rose by 0.3% over a month in January 2025, following an upwardly revised 0.4% increase in December, in line with market forecasts. On a yearly basis, core producer inflation was 3.6% in January, down slightly from an upwardly revised 3.7% in December but well above market estimates of 3.3%.Source: Trading Economics
US citizens filing new applications for unemployment insurance rose to 213K for the week ending February 8, as reported by the US Department of Labor (DoL) on Thursday. This print missed initial estimates and was lower than the previous week's revised tally of 220K (from 219K). The report also highlighted a seasonally adjusted insured unemployment rate of 1.2%, while the four-week moving average dropped to 216.00K, marking a decrease of 1K from the prior week's revised average.Source: FXStreet
The UK economy expanded 0.1% QoQ in the three months to December 2024 after showing no growth in the third quarter. The data beat the expected 0.1% decline in the reported period.The UK GDP increased 1.4% year-on-year (YoY) in Q4 vs. 1.1% expected and 0.9% recorded in Q3.The monthly UK GDP arrived at 0.4% in December, compared to a 0.1% increase in November, bettering the expectations of 0.1%.Meanwhile, the Index of services (December) came in at 0.2% 3M/3M vs. 0% prior.Other data from the UK showed that Industrial Production and Manufacturing Production grew 0.5% and 0.7%, respectively,...
Underlying US inflation last month rose by more than forecast, supporting the Federal Reserve's cautious approach to lowering interest rates. The so-called core consumer price index — which excludes food and energy costs — increased 0.4% in January after a 0.2% advance in December, Bureau of Labor Statistics figures showed Wednesday. From a year ago, it rose 3.3%. Economists see the core gauge as a better indicator of the underlying inflation trend than the overall CPI that includes often-volatile food and energy costs. The headline measure rose 0.5% from December...
The United States (US) Bureau of Labor Statistics will release January's Consumer Price Index (CPI) report on Wednesday at 13:30 GMT. As a key indicator of inflation, this report might influence the US Dollar's (USD) price action in the short-term horizon, although it's not expected to lead to any immediate changes in the Federal Reserve's (Fed) monetary policy stance.That said, the Consumer Price Index (CPI) is expected to show an annual increase of 2.9% in January—matching the previous month's reading. When you strip out the volatile food and energy prices to get a clearer picture, the...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
It...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
Poland shot down a drone in its airspace on Wednesday with the support of military aircraft from its NATO allies. This is the first time a member of the Western military alliance is known to have...