Rates to Stay at Current Levels as Long as Needed, ECB Minutes Say (news: 12/07/18)

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Today’s press

Rates to Stay at Current Levels as Long as Needed, ECB Minutes Say

Investing.com – Interest rates will remain at current levels for as long as needed to raise inflation towards its target, the minutes of the European Central Bank’s June meeting said on Thursday.

U.S. inflation steadily firming; labor market strong

WASHINGTON (Reuters) – U.S. consumer prices barely rose in June, but the underlying trend continued to point to a steady buildup of inflation pressures that could keep the Federal Reserve on a path of gradual interest rate increases.

Beijing urges U.S. firms in China to lobby Washington over trade war

BEIJING/SEOUL (Reuters) – China on Thursday said foreign firms operating in China would suffer in a trade war, urging U.S. companies to lobby their government to protect their interests, and said no talks to end the impasse were currently under way.

Sterling enjoys small bounce after Brexit blueprint published

LONDON (Reuters) – The pound rose on Thursday after the release of the British government’s blueprint for future relations with the European Union reinforced hopes that the UK is headed for a so-called “soft Brexit”, in which trade ties remain close.

Next trading day’s important events

14:00 (GMT+3)  UK – MPC Member Cunliffe Speech

19:30 (GMT+3)  US – FOMC Member Bostic speech

Forex quotes:

USDJPY: 112.43

EURUSD: 1.1681

Indices:

S&P 500: 2790.92

NASDAQ: 7786.08

 

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