UK inflation holds steady for September after Bank of England pauses rate hikes
U.K. inflation came in at 6.7% in September, slightly ahead of expectations and unchanged from the previous month.
CNBC Daily Open: Consumers in U.S. and China are powering their economies
September retail sales in the U.S. and China came in higher than expected. For China, that’s a good thing. For the U.S., it stoked fears of high rates.
Shares of critical chip firm ASML drop 4% after new U.S. curbs, outlook warning
ASML reported a decline a profit decline in the third quarter but beat estimates as it forecast 2024 revenue to be flat.
‘No question’ that the decarbonization of shipping will contribute to inflation, says industry CEO
EU rules that effectively tax shipping lines for emissions would cause consumer costs to rise, said Bertrand Chen from the Global Shipping Business Network.
Baidu’s newest AI model Ernie 4.0 fails to wow investors, but analysts maintain ‘buy’ ratings
While analysts are bullish on Baidu’s latest version of generative artificial intelligence model, shares of the Chinese tech giant dropped on Tuesday.
Russia’s Putin speaks at China’s Belt and Road forum in rare international appearance
Russian President Vladimir Putin said the Belt and Road idea “folds logically within multilateral efforts” to increase global cooperation.
China’s third-quarter growth exceeds forecast, consumer spending and industrial production offer hope
China’s third-quarter economic growth came in stronger than expected, boosting hopes that the world’s second-largest economy will meet Beijing’s annual target this year.
This currency is now the world’s top performer, after rebounding from record lows
The Pakistani rupee has rebounded from an all-time low to become the world’s top performing currency — and it still has room to strengthen, analysts say.
Asia markets mixed after stronger-than-expected China data
China’s third quarter GDP, September retail sales came in stronger than expected and urban unemployment fell to its lowest level in almost two years last month.
Deutsche Bank just cut its price target on nearly 30 global stocks ahead of earnings — and upgraded 1
From wind energy firms to Italian lenders, Deutsche Bank analysts have axed their share price forecasts across the board ahead of Europe’s earnings season.
