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Australia inflation undershoots forecasts, markets pare RBA hike bets

Australia inflation undershoots forecasts, markets pare RBA hike bets

By Stella Qiu SYDNEY, July 29 (Reuters) - Australian consumer prices rose at a slower pace in the June quarter as fuel costs eased from peaks, while core inflation undershot forecasts and lessened pressure for a further hike in interest rates.

Oil prices gain and Asian shares are mostly lower as investors sell AI stocks

Oil prices gain and Asian shares are mostly lower as investors sell AI stocks

Oil prices have gained and Asian shares are mostly lower

US Dollar Remains Strong Amid Middle East Tensions and Anticipation of Fed Decision

US Dollar Remains Strong Amid Middle East Tensions and Anticipation of Fed Decision

US Dollar Remains Strong Amid Middle East Tensions and Anticipation of Fed Decision

Imports hold back US economic growth in Q2, but domestic demand robust

Imports hold back US economic growth in Q2, but domestic demand robust

By Lucia Mutikani WASHINGTON, July 30 (Reuters) - U.S. economic growth slowed in the second quarter as imports widened the trade deficit, but robust consumer spending and business investment related to the buildout of artificial intelligence infrastructure underscored strong domestic demand.

US markets mixed ahead of Fed decision and oil prices jump as Middle East violence flares

US markets mixed ahead of Fed decision and oil prices jump as Middle East violence flares

Markets on Wall Street were mixed before the opening bell and oil prices jumped more than 4% after Jordan and the U.S. knocked down another Iranian barrage launched against American forces in the Middle East

Oil prices slip and Asian shares are mostly lower as investors sell chipmaker stocks

Oil prices slip and Asian shares are mostly lower as investors sell chipmaker stocks

Oil prices have fallen and Asian shares are mostly trading lower

World shares are mixed and South Korea's Kospi share index falls 6%, while oil prices surge

World shares are mixed and South Korea's Kospi share index falls 6%, while oil prices surge

Shares in Europe and Asia are mixed, while South Korea’s Kospi share index fell 6% in another bout of selling of chipmaking shares

US dollar finds footing after Fed hold and Iran air strikes

US dollar finds footing after Fed hold and Iran air strikes

By Gregor Stuart Hunter and Johann M Cherian July 30 (Reuters) - The dollar found its footing on Thursday after the Federal Reserve kept its policy interest rate on hold and Chair Kevin Warsh left markets guessing about how divisions on its rate-setting committee would resolve.

Australia inflation undershoots forecasts, markets pare rate hike bets

Australia inflation undershoots forecasts, markets pare rate hike bets

By Stella Qiu SYDNEY, July 29 (Reuters) - Australian consumer prices rose at a slower pace in the June quarter as fuel costs eased from peaks, while core inflation undershot forecasts and lessened pressure for a further hike in interest rates.

Consumers, AI spending likely supported US economic growth in the second quarter

Consumers, AI spending likely supported US economic growth in the second quarter

By Lucia Mutikani WASHINGTON, July 30 (Reuters) - The U.S. economy likely maintained a steady pace of growth in the second quarter, supported by stronger consumer spending and robust business investment in equipment tied to the buildout of artificial intelligence infrastructure.

Dollar hovers near four-week peak as markets mull Fed hike odds

Dollar hovers near four-week peak as markets mull Fed hike odds

By Medha Singh and Satoshi Sugiyama July 28 (Reuters) - The U.S. dollar steadied near a four-week high on Tuesday as traders assessed the possibility of a Federal Reserve interest rate hike this week, even as falling oil prices offered some relief on the inflation front.

Australia's sudden housing chill seeps into economy

Australia's sudden housing chill seeps into economy

By Stella Qiu and Wayne Cole SYDNEY, July 28 (Reuters) - Australia's housing market is suffering its worst slowdown since the pandemic as rising borrowing costs and a sharp reversal in tax breaks shake confidence in a normally reliable source of economic growth.