Arts&Culture

World stocks inch higher ahead of US inflation data

World stocks inch higher ahead of US inflation data

A report released by the Labor Department on Tuesday showed consumer prices in the USA increased in line with economist estimates in the month of February.

"When it comes to consumer inflation, 4.4% in February may be lower than January, the undercurrent remains biased on the upside, making RBI disinclined towards any rate cut, though the industry would like it to happen", it said in a statement.

Excluding the volatile food and energy components, the CPI gained 0.2 percent after accelerating 0.3 percent in January. Key points: * Bloomberg Economics' expectations for slowing inflation run counter to projections of the central bank. The chart is based on autoregressive analysis of monthly Consumer Price Index data, which was obtained from the National Bureau of Statistics (NBS). The central bank expects inflation to reach 5.1-5.6% in the first half of the financial year starting April 1, before easing in the second half. However, the mining sector saw a flat growth of 0.1 per cent compared to 8.6 per cent a year ago.

"Solid domestic economic momentum and the impulse from oncoming fiscal stimulus will underpin a gradual build in inflation toward the Fed's 2 percent target", said Gregory Daco, chief economist at Oxford Economics in NY.

Inflation fears have intensified this year after a report last month suggested wages were rising more quickly, which can push up prices.

In line with the recent trend of recovery in manufacturing, the sector, which constitutes 77.63 per cent of the index, grew by 8.7 per cent during January, as compared to 2.5 per cent in the same month a year ago. In February, the Reserve Bank of India (RBI) kept interest rates unchanged and warned that inflation risks were skewing upwards.

Tillerson's Exit Could Doom the Iran Nuclear Deal
United States officials will pick up discussions with their European Union counterparts about the fate of the Iran nuclear deal. The US-E3 talks dominated Trump's conversation with Prime Minister Benjamin Netanyahu at the White House last week.

Tuesday, March 13, 2018 /02:01 PM/ Meristem ResearchInflation rate eased to 15.37% YoY in January 2018, 0.24% higher than our forecast of 14.89%.

Gasoline prices fell 0.9 percent in February after rebounding 5.7 percent in January.

Food and beverages price inflation stood at 3.38%, while prices of pan, tobacco and intoxicants went up 7.34%.

Meanwhile, the Index of Industrial Production (IIP) growth in January 2018 jumped to 7.5% against the Bloomberg estimate of 6.4% and 7.1% in December 2017.

Furthermore, while the S&P lags its all-time high by 3.3 percent, the small cap and domestic focused Russell 2000 trails its by only 1.4 percent.

The brokerage house believes that most month on month decline came from food, as expected. "The government demand picked up post last year's Budget and it is now having an effect on infrastructure and primary goods".


  • Rajya Sabha polls: BJP fields four aspirants, Congress in spot

    Rajya Sabha polls: BJP fields four aspirants, Congress in spot

    In terms of caste equation, the party has chose to field Naseer Hussain, a minority community leader from Ballari, L. Three nominated members - actor Rekha, cricketer Sachin Tendulkar and social worker Anu Aga - will also retire then.
    Donald Trump proposes 'Space Force' to battle in the stars

    Donald Trump proposes 'Space Force' to battle in the stars

    "We should have a new force called the Space Force", Trump said to troops at Marine Corps Air Station Miramar in San Diego . The Space Corps language was removed from the final version of the National Defense Authorization Act past year .
    The £3000 houses that can be downloaded and printed in 24 hours

    The £3000 houses that can be downloaded and printed in 24 hours

    To battle this inadequacy, an Austin-based startup has proposed an answer of building up a house by utilizing ease 3D printing. It is hoped that in terms of housing, the cheap construction could start a trend for affordable housing.
  • Stormy Daniels' Friend Says Donald Trump Would 'Call All the Time'

    Stormy Daniels' Friend Says Donald Trump Would 'Call All the Time'

    Clifford filed a lawsuit in Los Angeles last week that sought to invalidate the agreement so she could "set the record straight". Following initial reports of Cohen's payment to Daniels, Cohen said Trump "vehemently denies" any affair .
    Malcolm Butler to sign with Tennessee Titans

    Malcolm Butler to sign with Tennessee Titans

    Butler's arrival will push Ryan into a pure slot cornerback role, which has become as important as a left tackle in today's NFL. Malcolm Butler , as expected, will not play with the Patriots next season after agreeing to join the Tennessee Titans .
    Many GOP Lawmakers Oppose Trump's Trade Policy. But What Can They Do?

    Many GOP Lawmakers Oppose Trump's Trade Policy. But What Can They Do?

    According to Section 232 of a US trade law, the president can impose tariffs on imported materials for national security purposes. Jeff Flake , R-Ariz., walks to the Senate chamber for early morning votes February 9, 2018, on Capitol Hill in Washington , D.C.
  • Novak Djokovic's struggles continue with Indian Wells defeat

    Novak Djokovic's struggles continue with Indian Wells defeat

    Second-seeded Marin Cilic of Croatia and eighth-seeded American Jack Sock both earned second-round wins in straight sets. Get daily prep sports headlines from the Gwinnett Daily Post staff delivered to your email.
    Claire Foy was paid less than Matt Smith for The Crown

    Claire Foy was paid less than Matt Smith for The Crown

    Despite winning a Golden Globe for her performance, Foy's salary was lower than that of Matt Smith as the young Duke of Edinburgh. While the series will lose Foy and Smith, they've picked up Helena Bonham Carter to play Princess Margaret .
    Singer Aditya Narayan rams car into auto; detained

    Singer Aditya Narayan rams car into auto; detained

    Singer Aditya Narayan who was booked for rash driving on Monday afternoon was later released on bail with a fine of Rs 10,000. He reportedly banged an auto rickshaw and injured the driver as well as the female passenger inside the vehicle.
  • Trudeau considering more action to keep foreign dumped steel out of Canada

    Trudeau considering more action to keep foreign dumped steel out of Canada

    Trudeau said tariffs on Canada would have made it harder to get a deal, and said he raised that with the president. Trudeau is now on a tour of Canadian steel towns to show his support to workers in the industry.
    Apple's WWDC Set for June

    Apple's WWDC Set for June

    In previous years, the company held the conference in San Francisco at the Moscone West Convention Center. It's official! Apple's Worldwide Developer Conference (WWDC) will be kicked off on 4 June.
    Former Seahawks tight end Jimmy Graham headed to Green Bay

    Former Seahawks tight end Jimmy Graham headed to Green Bay

    A five-time Pro Bowler, Graham picked Aaron Rodgers and the Packers over a reunion with Drew Brees and the New Orleans Saints . NFL Network's Mike Garafolo, was quick to point out a new era in Green Bay has begun with their interest in Graham.