August Daily Review - 19/08

 

1. The dollar remained little changed against a basket of other currencies on Wednesday after data showing that U.S. inflation rose at a slower than expected rate last month, as investors awaited the minutes of the Federal Reserve’s latest meeting later in the day.

2. U.S. natural gas prices bounced off the previous session's five-week low on Wednesday, as market participants looked ahead to fresh weekly information on U.S. gas inventories to gauge the strength of demand for the fuel.

3. Gold prices remained higher on Wednesday, after data showed that consumer price inflation in the U.S. rose less than expected in July, while prices excluding food and energy costs inched up modestly. (Investing.com)

4. TORONTO - Avid Life Media, the company behind infidelity website AshleyMadison.com, confirmed on Wednesday that some legitimate data has been stolen from it and published online, but said it has never stored credit card information on its servers.

5. CHICAGO - Target Corp (N:TGT) on Wednesday reported a higher-than-expected quarterly profit and raised its full-year earnings forecast for the second time, benefiting from strong demand for clothing and other product categories at the center of its growth plan.

6. LONDON - Fears about China's economy kept emerging markets under heavy pressure on Wednesday, while the dollar eased as traders awaited minutes from last month's Federal Reserve meeting for any hints on U.S. rate hike plans. (Reuters).

 

 

 

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