{"id":193969,"date":"2025-06-18T08:51:14","date_gmt":"2025-06-18T08:51:14","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/193969\/"},"modified":"2025-06-18T08:51:14","modified_gmt":"2025-06-18T08:51:14","slug":"stocks-rise-as-uk-inflation-slows-ahead-of-bank-of-england-decision","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/193969\/","title":{"rendered":"Stocks rise as UK inflation slows ahead of Bank of England decision"},"content":{"rendered":"\n

Asian equity markets were mixed overnight, with the Hang Seng index (^HSI<\/a>) leading the losses in the region, declining 1.1%. The Shanghai Composite (000001.SS<\/a>) was treading water while the Nikkei (^N225<\/a>) defied the regional trend, advancing 0.9% to a four-month high, supported by a weaker yen.<\/p>\n

It came as Japan’s exports in May fell 1.7% year-on-year, marking the most significant decline since September 2024, as the nation continues to face trade uncertainties. This drop was less severe than the 3.7% fall anticipated by Bloomberg, but represents a reversal from the 2.0% increase recorded in April.<\/p>\n

Japan’s trade deficit swelled to -637.6bn yen in May, which is smaller than the expected -896.5bn yen, compared to a revised deficit of -115.6bn yen the previous month.<\/p>\n

Meanwhile the Kospi (^KS11<\/a>) also made gains, up 0.7% on the day.<\/p>\n

Across the pond on Wall Street, the US dollar held onto most of its gains against its peers but stocks stayed under pressure.<\/p>\n

The Dow Jones (^DJI<\/a>) finished 0.7% lower, at 42,215.80, and the S&P 500 (^GSPC<\/a>) fell 0.8% to 5,982.72. Apart from energy, all the major sector groups lost ground, including the Magnificent 7 (-1.06%). The tech-heavy Nasdaq (^IXIC<\/a>) shed 0.9%, closing at 19,521.09.<\/p>\n

One of the negative drivers on Tuesday was underwhelming US data across the board. Retail sales fell 0.9% in May, compared to the 0.6% fall expected, which was a second consecutive monthly decline.<\/p>\n

Industrial production also fell 0.2% in May (versus an expected no change). However, some of the core measures fared better, and the retail control group was up 0.4%, compared to the 0.3% expected.<\/p>\n

In the bond market, the yield on benchmark 10-year US Treasury notes dropped to 4.389% last night, from 4.454% late on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"Asian equity markets were mixed overnight, with the Hang Seng index (^HSI) leading the losses in the region,…\n","protected":false},"author":2,"featured_media":193970,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,4],"tags":[748,62002,393,1880,4884,1144,15165,39109,712,79123,16,15164,15,1764],"class_list":{"0":"post-193969","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-uk","8":"category-united-kingdom","9":"tag-britain","10":"tag-core-inflation","11":"tag-england","12":"tag-ftse-100","13":"tag-great-britain","14":"tag-northern-ireland","15":"tag-office-for-national-statistics","16":"tag-petrol-prices","17":"tag-scotland","18":"tag-transport-costs","19":"tag-uk","20":"tag-uk-inflation","21":"tag-united-kingdom","22":"tag-wales"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114703517812668876","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/193969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=193969"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/193969\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/193970"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=193969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=193969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=193969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}