Customers at a supermarket in Shanghai. Agence France-Presse
Turkey’s consumer inflation fell to its lowest level in a year in June thanks to a high so-called base effect and a drop in food prices, potentially paving the way for the country’s first interest rate cut since last year’s currency crisis.
After almost three years of successfully predicting a global economic revival, world bond markets are furiously flagging the risk of yet another recession, as well as low inflation for a generation.
China’s factory-gate inflation in April quickened at its fastest pace in four months, buoyed by higher commodity prices and as a sign demand to perk up, when Beijing rolls out more stimulus. Consumer inflation also accelerated, jumping to the highest pace in six months, official data showed on Thursday.
World stock markets enjoyed a second day of sharp gains on Tuesday as signs of progress against the coronavirus in both Europe and the United States and some more liberal helpings of stimulus kept investors charging back in.
The Dubai Financial Services Authority (DFSA) announced on Tuesday a number of initiatives aimed to provide significant assistance and regulatory relief to the Dubai International Financial Centre’s (DIFC) financial services community.
Indian refiners are likely to continue prompt export of refined fuels for at least another two weeks to avoid a complete shutdown after the coronavirus lockdown hit local demand, company officials said.