United Kingdom Inflation at It’s Peaks

Rising food prices helped to drive UK inflation to a five-year high of 3.0% in September. That means that UK firms face a 3.9% rise in their business rates next year, under the current system. It could also drive up costs for motorists. The rate of 2.6% for recreation and culture is the highest since January 2010, whilst the rate of 3.1% for food and non-alcoholic beverages is the highest since October 2017…. Housing and household services costs were the

Read more

Asian Markets Subdued Amid Cautious Trades

Stock markets in Asia looked mostly subdued during cautious trades on Wednesday, with the investors searching for directions after Wall Street closed flat overnight. Though few of the markets proceeded on good note, stocks encountered a lot of resistance as they went higher due to less number of triggers. Healthcare, industrial stocks, and energy are trading weak in the market of Australia. Telecommunications and Information Technology stocks are moving higher, while mining, consumer discretionary, and financial stocks are trading mixed.

Read more