<ul><li>Prior -0.2%</li></ul><p>On the year itself, wholesale prices are down by 2.6% compared to December 2022. The decline owes much to a sharp drop in prices of mineral oil products (-9.8% y/y), which also fell by another 4.6% relative to November last year. On an annual average, wholesale prices were seen down by 0
Blogs
A slower start to the week with a US holiday overcast
<p>The bond market is still the key spot to watch at the moment and with Treasuries out for the day, we have to wait until tomorrow to get a better sense of the recent moves at the end of last week. The sizzling bid at the front end is the main talking point and we'll […]
ECB's Lane: Central bank nominates June 'key data' for rate cuts
The European Central Bank (ECB) chief economist Philip Lane said in an interview on Saturday that the central bank will have key data by June to decide on the first of a likely series of interest rate cuts, but going too fast may prove self-defeating, per Reuters.
AUD/USD drifts higher to 0.6680 amid USD weakening
The AUD/USD pair kicks off the new week on a positive note during the early Asian session on Monday.
People's Bank of China interest rate cut expected today
<p> The interest rate on the MLF loans currently stands at 2.5%. It was last cut in August 2023, from 2.65%.</p><p>Market expectations:</p><ul><li>the consensus estimate in the Bloomberg survey of analysts is that the People's Bank of China (PBOC) will cut 10bp off the MLF rate today.</li><li>Reu
Chile’s SQM suspends operations at lithium salt flats due to blockades By Reuters
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This week in EVs: Tesla’s increased pay and discounted prices
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NHS medicines shortage putting lives at risk, pharmacists warn
<p>Unpublished figures reveal a doubling of products in short supply over past two years ‘The worst I’ve known it’: the struggle to get vital medicines Analysis: why is UK being hit by medicine supply shortages? An unprecedented medicines shortage in the NHS is endangering lives, pharmacists have said, as unpublished figures reveal that the n
Alison Phillips ‘to quit as Daily Mirror editor’ amid Reach budget cuts
<p>‘Universally loved’ editor, 53, who has led paper since 2018, reportedly accepted voluntary redundancy Alison Phillips will be leaving her role as editor of the Daily Mirror at the end of the month amid massive job and budget cuts throughout the tabloid’s parent company, the Guardian understands. Phillips, 53, has accepted voluntary redund
Red Sea tensions simmer as all sides warn of possible further attacks
<p>UK says west will back words with action as Houthis threaten reprisals and Hezbollah says all navigation in area is in danger Middle East crisis – live updates Tensions remained high in the Middle East on Sunday as western leaders, the Houthis and their allies all warned of possible further action in the aftermath of […]