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"Read more about Wall St lower as strong data raises chances of rate hike on Business Standard. (Reuters) - U.S. stocks were lower in early afternoon trading on Tuesday as upbeat consumer price data pointed to a steady build-up in inflation, boosting chances of an interest rate hike later this year.", www.business-standard.com
"Read more about Wall Street sells off as rate hike expectations rise on Business Standard. (Reuters) - Wall Street sold off on Tuesday as investors boosted chances of an interest rate hike later this year after data pointed to firming inflation, while Home Depot weighed after its quarterly report.", www.business-standard.com
"NEW YORK: Stocks fell on Wall Street Tuesday after strong U.S. inflation data increased the probability of a rate hike from the Federal Reserve, while a global gauge of stocks cut its gains.The U.S. dollar lost ground against a basket of currencies. Crude futures were volatile, with Brent prices matching the six-month highs hit Monday.U.S. consumer prices recorded their biggest increase in more than three years in April, pointing to a steady inflation build-up.The data `could make Fed officials", www.brecorder.com
"The ruble is the best performer in the world over the past three months thanks to a recovery in the price of oil, helping carry traders earn 19 percent investing in the Russian currency. That’s prompted Sergei Strigo, the London-based head of emerging-market debt and currencies at Amundi Asset Management to keep a “constructive” view of the ruble. Borrowing in dollars to buy Russian securities is a “very attractive carry,” he said.", www.bloomberg.com
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