• DAILY UPDATES
  • MARKETS
    • Forex
    • CFDs
    • Spot Metals
    • Indices
  • ANALYSIS
    • Fundamental Analysis
    • Technical Analysis
  • ARTICLES
No Result
View All Result
FTD Limited
  • DAILY UPDATES
  • MARKETS
    • Forex
    • CFDs
    • Spot Metals
    • Indices
  • ANALYSIS
    • Fundamental Analysis
    • Technical Analysis
  • ARTICLES
No Result
View All Result
FTD Limited
No Result
View All Result

Wednesday, June 16, 2021 Headlines

FTD Limited by FTD Limited
June 16, 2021
Reading Time: 4 mins read
A A
Monday, June 14, 2021 Headlines
0
SHARES
27
VIEWS
tweetpostshare
  1. UK Inflation Exceeds Central Bank Target
  2. Sharpest Increase in Japan’s Exports in 41 Years
  3. Biden-Putin Meeting Today

UK Inflation Exceeds Central Bank Target

uk inflation

Inflation in the UK exceeded the central bank’s target for the first time in nearly two years.

Consumer prices rose 2.1% year-on-year in May, according to data from the UK Statistics Office. This was the highest level seen since July 2019.

The median estimate of economists surveyed by Bloomberg was 1.8%. Core inflation rose 2% annually. As the economy started to open up, the increase in items such as fuel and clothing was influential in the rise.
“Today’s inflation print was much stronger than anticipated and confirms that as the UK economy proceeds in its reopening, inflationary pressures continue to build,” Ambrose Crofton, Global Market Strategist at J.P. Morgan Asset Management, said.

“All eyes now turn to the Bank of England meeting next Thursday for an indication on how and when it plans to start on the path to more normal policy,” Crofton added.

The Bank of England expects inflation to exceed 2% this year temporarily. However, economists predict that price increases may be permanent due to the rapid recovery after the recession due to the coronavirus.

Although price increases have accelerated in many countries in recent months, policymakers believe that this is not sustainable. For example, while headline inflation in the US rose to 5% in May, it was 2% in the Eurozone, slightly above the Central Bank’s target.

Sharpest Increase in Japan’s Exports in 41 Years

japan export

In May, Japan’s exports increased at their strongest rate since 1980. In addition, a key indicator of capital expenditures increased, helping the world’s third-largest economy balance weak domestic demand as Covid-19 vaccines boost corporate activity in crucial regions.

Japan’s exports increased by 49.6% in May compared to the same period last year. Exports, which increased by 38% in April, were expected to increase by 51.4% in May.

Imports increased by 27.9% compared to the same period of the previous year. In May, the trade surplus amounted to 187.18 billion yen, above the expectations of 91.2 billion yen.

Japan’s exports to the USA increased by 87.9% in May compared to the same month of the previous year. This was the fastest increase since January 1980, when data began to be recorded. Meanwhile, exports to the European Union increased by 69.9% in May.

By region, exports to China, Japan’s largest trading partner, grew 23.6%, led by chip production equipment, hybrid cars, and scrap copper, the trade data showed.

Core machinery orders in Japan increased by 0.6% in April compared to the previous month. Economists had expected a 2.7% increase in orders.

Compared with a year earlier, core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, grew 6.5% in April, versus an 8.0% advance expected by economists, the data showed.

Biden-Putin Meeting Today

Attending the NATO and US-EU Leaders’ Summit held in Brussels after the G-7 Summit, US President Joe Biden will meet face-to-face with Russian President Vladimir Putin for the first time as the last stop.

The Biden-Putin summit, where all discussion themes were agreed beforehand, is scheduled to consist of three parts. A narrow-format meeting will be held, and two extended conferences will be held.

The meeting will focus on strategic stability, pandemic, cybercrime, economic cooperation, climate crisis, and the Arctic. Ukraine is one of the tensest issues in the meeting, which NATO stipulates for membership and sends troops to Russia’s border regions and intervenes.

In addition, regional developments in Syria, where both powers are active, will be discussed. Libya, where Biden gave the message “We will not work together” to Russia, will also be on the table, and the US side will have suggestions.

Afghanistan, where NATO decided to withdraw, and Karabakh, where the conflicts have stopped for the time being and within the sphere of activity of Russia, are among the two agendas.

The meeting, which will be held in Geneva, is planned to last 4-5 hours.

Learn more about us

Tags: BidenExportinflationJaponPutinUK
TweetShareShareSend
Previous Post

USDCNH is Near the Key Long-Term Level

Next Post

FOMC Expectations

Related Posts

COT Weekly Non-Commercial Net Positions
CFDS

COT Weekly Non-Commercial Net Positions

Silver Slowed Down After the Massive Run
CFDS

Silver Slowed Down After the Massive Run

S&P 500 Bulls to Make Another Attempt to Break the Trend
DAILY UPDATES

S&P 500 Bulls to Make Another Attempt to Break the Trend

Mixed Course in Asian Stock Markets
DAILY UPDATES

Mixed Course in Asian Stock Markets

Oil prices
DAILY UPDATES

Break to China Rally in Oil

IMF
DAILY UPDATES

Year-End Forecast from IMF

Next Post
FOMC Expectations

FOMC Expectations

You might also like

Monthly FX Market Outlook

Monthly FX Market Outlook

What is RSI

What is RSI and How to Use It Effectively? 

Psychology of trading plays a vital role in one's trading decisions

Trading Psychology

Differences between MT4 and Mt5

MT4 and MT5’s Differences – How to See the Total Lot Sizes in MT5?

Regulated and Licensed Forex Brokerage Company

Regulated Entities

FTD Limited's White Label Program gives you a chance to have your own brand within financial markets.

White Label Solutions

Recent Posts

  • COT Weekly Non-Commercial Net Positions
  • Silver Slowed Down After the Massive Run
  • S&P 500 Bulls to Make Another Attempt to Break the Trend
  • Mixed Course in Asian Stock Markets
  • Break to China Rally in Oil
FTD Limited

The content of the site is presented for informational purposes only not to give any investment advice which mainly focuses on financial instruments such as Forex, Spot Metals, CFDs, and Indices.

MENU

  • DAILY UPDATES
  • MARKETS
  • ANALYSIS
  • ARTICLES

Latest Articles

  • COT Weekly Non-Commercial Net Positions
  • Silver Slowed Down After the Massive Run
  • S&P 500 Bulls to Make Another Attempt to Break the Trend

Subscribe to our newsletter and get notified about the next update.

    © 2021 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    No Result
    View All Result
    • DAILY UPDATES
    • MARKETS
      • Forex
      • CFDs
      • Spot Metals
      • Indices
    • ANALYSIS
      • Fundamental Analysis
      • Technical Analysis
    • ARTICLES

    © 2021 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.