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Asian stocks drop after Fed warning, oil dips with Mideast in focus

Asian stocks drop after Fed warning, oil dips with Mideast in focus

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Hong Kong stocks led losses in Asian markets. Photo: Bertha WANG / AFP Source: AFP Asian stocks fell Thursday after the Federal Reserve warned Donald Trump’s trade war would likely reignite US inflation and dampen economic growth, while oil prices edged down as investors awaited developments in the Israel-Iran conflict. While geopolitical tensions are the […]

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Inflation stays steady at 2.8% for the month of May

Inflation stays steady at 2.8% for the month of May

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JOHANNESBURG – Annual consumer inflation remained unchanged at 2.8% in May, defying expectations of a slight increase. Statistics South Africa released the latest figures on Tuesday. The rate remains well below the Reserve Bank’s midpoint target of 4.5%. READ | Consumer inflation data due this week Angelika Goliger, chief economist at EY Africa, says the

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Iran-Israel conflict: Oil prices increase to $77 per barrel, surpassing Nigeria’s 2025 budget benchmark

Iran-Israel conflict: Oil prices increase to $77 per barrel, surpassing Nigeria’s 2025 budget benchmark

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UK CPI Softens in May; Iran Tensions Stir Uncertainty on BoE Policy Path; GBP/USD Spikes

UK CPI Softens in May; Iran Tensions Stir Uncertainty on BoE Policy Path; GBP/USD Spikes

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Published: Jun 18, 2025, 06:18 GMT+00:00 Key Points: UK inflation cooled to 3.4% in May, fueling speculation about BoE rate cut bets amid slowing economic momentum. Core inflation dropped to 3.5%, below forecasts, supporting expectations of easing monetary policy. Sticky services inflation may delay BoE cuts despite weakening GDP and retail demand concerns. UK Inflation

UK CPI Softens in May; Iran Tensions Stir Uncertainty on BoE Policy Path; GBP/USD Spikes Read More »

Stock Market News, June 17, 2025: Oil Rises, Stocks Slip; Israel-Iran Conflict in Spotlight

Stock Market News, June 17, 2025: Oil Rises, Stocks Slip; Israel-Iran Conflict in Spotlight

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USD/INR strengthens toward two-month high as Oil rally and Iran-Israel tensions weigh on Rupee

USD/INR strengthens toward two-month high as Oil rally and Iran-Israel tensions weigh on Rupee

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USD/INR trades near 86.57, marking its strongest level since April 9 as safe-haven flows lift the Dollar. Iran-Israel conflict intensifies; Trump demands Iran’s unconditional surrender, fueling global risk-off mood. RBI signals scope for more rate cuts if inflation undershoots; India’s Q4 GDP expands 7.4% while jobless rate ticks higher. A technical breakout above the triangle

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Fears conflict in the Middle East will send petrol, diesel and home-heating oil prices soaring

Fears conflict in the Middle East will send petrol, diesel and home-heating oil prices soaring

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The Israeli attacks on Iran have prompted fears that petrol, diesel and home-heating oil prices will shoot up. Petrol and diesel prices have been rising for days, and there has also been a surge in the cost of home-heating oil. The price of 1,000 litres of heating oil has risen by €25 in the past

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