U.K. inflation increases unexpectedly amid air-fares, auto fuels

Source: Reuters
© Scanpix\Reuters
U.K. inflation rate increased unexpectedly in May on the last month's sharp gain in air-fares, decline in petrol prices and an increase in clothing costs. The inflation rate climbed from 2.4% in April to 2.7% in May. The upward movement of inflation rate in May confirmed that the decline in April, mainly was the outcome of temporary factors.
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Tue, 18 Jun 2013 12:07:58 GMT

Copper drops for second day as investors weigh Fed QE signals

Copper declined for the second day in London ahead of the Federal Reserve officials start a meeting that will show when the central bank may begin to damp debt purchases. Copper for settlement in three months slipped 0.7% to $7,032 per metric ton. The September copper contracts plummeted 0.8% to $3.183 per pound.

Tue, 18 Jun 2013 12:18:13 GMT

U.S. Dollar advances before Fed's meeting

The U.S. Dollar advanced against the Yen on Tuesday, while future course of the greenback depends on the Fed's decision on its stimulus, which will be indicated after two-day meeting, starting today. The U.S. currency appreciated 0.6% to 95.10 per Yen today, which is lower than yesterday's high of 95.22, but higher than Thursday's 93.75 - lowest level in two

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