Feb 14 2018
The Indices of Industrial Production (IIP) for the mining, manufacturing and electricity sectors for the month of December 2017 stood at 115.5, 131.6 and 143.9 respectively, with the corresponding growth rates of 1.2, 8.4 and 4.4 percent as compared to December 2016. Within the food items, the inflation fell for vegetables to 26.97%, sugar and confectionery 2.85%, cereals and products 2.33% and fruits 6.24%.
"Some of laws of normal economic nature seem to be reasserting themselves", Nathan Sheets, chief economist for PGIM Fixed Income and a former Fed and Treasury official, said on Bloomberg Television.
Fuel and light inflation has seen increase of 7.73%.
Thomas Wells, manager of the Smith & Williamson Global Inflation-Linked Bond fund, said: "UK inflation remains elevated, and with CPI remaining at 3.0%, there is a good probability the BoE will not be able to get CPI inflation back to the 2% target this year". The FTSE is heading into the close just 3 points higher at 7180 after bouncing off 7200.
Similarly, indicating a revival in consumer demand, consumer durables grew 0.9 per cent compared to a decline of 5 per cent in December 2016.
The Dow Jones industrial index, S&P 500 and Nasdaq took 0.5 percent losses upon Wednesday's open.
US stocks opened lower as fears of firming inflation intensified after a report showed consumer prices in January rose faster than expected.
What is in US Senate deal on spending, debt ceiling
Senate Majority Leader Mitch McConnell announced the pact, joined on the Senate floor by top Senate Democrat Chuck Schumer of NY . The Senate is expected to pass the package before the shutdown deadline Thursday, leaving the matter in the House's hands.
Status yellow snow warning
Latest prediction models by Weather Outlook indicate heavy snow will spread across Scotland from around midnight tonight. The Midlands is expected to endure some of the coldest conditions along with the West and North of the country.
EU warns United Kingdom on impact of exiting customs unions
The EU says its rules should still apply during the transition period, as will rulings of the European Court of Justice. The comment comes as Britain seeks to clarify its position ahead of a new round of talks between Britain and the EU.
Inflation shows a slight slowdown for January giving a sign of relief for consumers.
The major currencies spent much of Monday in a holding pattern following a particularly hectic few days of trading amid last week's sharp sell-off in equity markets. "Could three per cent mark the peak for inflation?", said Maike Currie, investment director for personal investing at Fidelity International.
CPI headline inflation was below economists' expectations in eight of the last 10 reports.
Recently, the current volatility in the financial markets has been because analysts expect inflation to continue to rise which may lead to more rate hikes.
The lion's share of the downward pressure on inflation came from motor fuel prices, according to ONS senior statistician James Tucker.
If the market believed that the CPI surprise represented a trend rather than a blip, it would bid up real yields, expecting the Federal Reserve to raise interest rates in the future (expectations about the future federal funds rate are the big near-term determinant of real yields). However, over the coming months, the CPI reading is forecast to only fall back very gradually towards the Bank of England's 2% target.
Fed policy makers will also have February CPI data in hand before they next meet March 20-21 in Jerome Powell's first gathering as chairman. December's figures were revised to show little change, after an initially reported gain of 0.4 percent.
Feb 14 2018
Higuain, of course! - Allegri backs his man over Spurs' Kane
Tottenham had a mountain to climb against a side which had reached the Champions League final in two of the past three seasons. Harry Kane pulled one back and then, vitally, Higuain struck the bar with another penalty on the stroke of halftime.
Feb 12 2018
Virgil van Dijk faces Southampton for the first time since joining Liverpool
Liverpool have been particularly strong on their travels this season and have scored a league-high 34 goals. Pierre-Emile Hojbjerg , who was on the bench for that game, replaces Sofiane Boufal in midfield .
Feb 12 2018
South Africa's ANC to meet on Monday as Zuma deadlock tightens
Critics have expressed concern that Zuma may be requesting immunity from prosecution in exchange for his resignation. Opposition parties have criticized reports of ongoing private talks between Zuma and Ramaphosa.
Feb 12 2018
Syria says rare U.S. strike an effort to support terrorism
The Syrian government has also been accused of using chemical weapons on a rebel-held town in Idlib province earlier this week. Reacting to the USA -led coalition's counterattack, a Russian senator called the move "an unprecedented act of aggression".
Feb 11 2018
Bollywood celebrities witnesses Auto Expo 2018
Startup, E-Vehicle and Technology was one of the key highlights at Expo this yearwhere in Emflux Motors launched Emflux One. The new scooter joins the company's other products including popular scooterette Scooty Pep, scooterTVS Jupiter, We Go.
Feb 11 2018
Hong Kong Bus Crash Kills at Least 18 and Injures Over 60
Local media outlets have quoted an injured person as saying that the bus was going very fast when it entered a curve. Deadly accidents are rare on Hong Kong's public transport system, which it promotes as among the best in the world.
Feb 10 2018
LAPD Submits Three Harvey Weinstein Sex Cases to District Attorney
The district attorney's office is already reviewing two other cases against Weinstein that could also result in charges. That led the Academy of Motion Picture Arts and Sciences, the group behind the Oscar awards, to expel Weinstein.
Feb 10 2018
Real Madrid coach Zidane already in contact about next job
News outlet AS claims big names such as Spain global Isco , 25, will be axed in order to usher in a new era of Galaticos. The most complicated thing for me is to make the line-up.
Feb 07 2018
Uber-Waymo trial reveals cutthroat race to control future of transportation
Waymo and Uber lawyers squared off in a federal court on Monday on the first day of a bombshell trade-secret theft case. Levandowski left Waymo in late 2015 to form self-driving truck startup Otto with Lior Ron, another ex-Waymo employee.
Feb 07 2018
Detroit Lions announce CNY native Matt Patricia as next head coach
If Patricia was Lions general manager Bob Quinn's first choice for head coach as reports suggest, the reasons are obvious. The Detroit Lions have hired Matt Patricia of the New England Patriots as their coach.
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