A look at the day ahead in European and global markets from Ankur Banerjee
European bourses are poised to keep the rally going ahead of the always important U.S. CPI data after comments from Fed Chair Jerome Powell reassured investors that the next move from the U.S. central bank was unlikely to be a hike.
Powell called Tuesday's higher-than-expected producer price report 'mixed' rather than 'hot' because prior data was revised lower.
... (continue reading...)By Joe Cash
BEIJING (Reuters) - Utility price hikes in more than 10 Chinese cities may briefly lift nationwide inflation from ultra-low levels, but could ultimately turn into a deflationary force in the world's no. 2 economy as they further erode the households' spending power, analysts say.
Many economists have said boosting household demand is crucial for China to avoid a Japan-like prolonged period of meagre growth and deflation in the... (continue reading...)
JAKARTA (Reuters) - The search for 35 people who are still missing from flash floods and mud slides in Indonesia's West Sumatra province continued on Wednesday, authorities said, as the death toll from the weekend disaster rose to 58.
Heavy rain on Saturday evening triggered flash floods, landslides, and cold lava flow - a mud-like mixture of volcanic ash, rock debris and water - in three districts and one town in West Sumatra province. By Tuesday, the... (continue reading...)
(Reuters) -Eisai and partner Biogen said on Tuesday that the Japanese drugmaker has begun submitting data on a rolling basis to the US health regulator for a marketing application of a subcutaneous form of their Alzheimer's disease drug Leqembi.
The companies are seeking the Food and Drug Administration's (FDA) approval of a weekly dose of Leqembi to be given as an under-the-skin injection.
Under a rolling submission the regulator assesses... (continue reading...)
JAKARTA (Reuters) - Indonesia's exports rose 1.72% in April from a year earlier to $19.62 billion, less than expected, data from the statistics bureau showed on Wednesday.
A Reuters poll of economists showed Indonesia's exports were expected to increase by an annual 4.57% in April.
The bureau is due to release imports and trade balance data later on Wednesday.
(Reporting by Gayatri Suroyo and Ananda Teresia; Editing by John Mair)
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