FTSE 100 LIVE: European stocks climb as traders raise bets on September rate cut after UK inflation data
Money markets now indicate a 45% chance that Threadneedle Street will cut to 4.75% next month, down from its current level of 5%.
Money markets now indicate a 45% chance that Threadneedle Street will cut to 4.75% next month, down from its current level of 5%.
The pace at which prices are rising sped up in July.
Bitcoin miners are facing challenges as Bitcoin's price drops and mining difficulty increases.
Signs of renewed accumulation are emerging among Bitcoin (BTC) holders, according to Glassnode.
Bitcoin (BTC) traded back above the $60,000 mark, gaining 2.9% over the past 24 hours to reach $61,100 at the time of writing.
-- Most Asian currencies firmed on Wednesday, while the dollar dropped after a soft U.S. producer inflation reading pushed up hopes that similar easing in consumer...
-- Gold prices fell slightly in Asian trade on Wednesday, but remained in sight of a record high as traders positioned for signs of easing consumer inflation after a soft reading on producer inflation.
Asian shares traded mixed Wednesday, as Japan’s benchmark perked but quickly ran out of steam from news the prime minister won’t seek re-election as head of the ruling party. Japan’s benchmark Nikkei 225 was down 0.1% in morning trading at 36,192.93. Japan’s ruling Liberal Democratic Party controls the majority in the lower house of parliament, which picks the nation’s leader.