UK inflation, Japanese trade data among week’s important releases; Party Congress eyed in China

Japanese trade data Next week’s economic releases, which includes UK inflation figures, can determine the future path of monetary policy for major economies, while political events, such China’s five-yearly Communist Party Congress commencing on Wednesday, perhaps have the capacity to steer developments for the years to come. UK inflation, Japanese trade data among week’s important
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FTSE suffers In Asia, the Nikkei 225 added 1.0% to close this week’s trading at its highest since 1996 with the Topix, Japan’s broader equity gauge, gaining 0.5% to finish the week at its highest since 2007. Hong Kong’s Hang Seng rose by 0.1% and the Shanghai Composite advanced by 0.2%. Australia’s S&P/ASX 200 added
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US indices were again trading in record-high territory on Friday as the Dow was up by around 0.2% to 22,882 and the S&P 500 was up by 0.1% at 2,553. The Nasdaq Composite was also up by 0.3%. (European Open) – US indices again in record highs while Europe heads towards mixed close In Europe,
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Dollar pulls back  Concerns on the inflation path and questions on the future of tax plans continued to weigh on the dollar on Friday, while the pound drifted higher on reports that the UK may get a 2-year transitional period before it exits the EU. (Asian Session) – Dollar pulls back ahead of inflation data; pound
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Dollar takes a breath  While market watchers expected today’s US inflation report to give a clearer picture of the inflation path amid concerns whether subdued inflation is temporary or persistent, uncertainties over the direction of inflation increased after US consumer prices disappointed analysts, reducing the odds for a third rate hike before the end of the year. (European
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