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...US stocks opened slightly higher on Thursday as traders weighed a mixed basket of economic data, including unexpectedly hot wholesale inflation figures....
...Stéphane Bianchi, LVMH’s head of watches and jewelry, will step up to succeed him....
...US wholesale prices rose more than expected last month, a signal to the US Federal Reserve that inflation is proving more persistent as the central bank considers when to execute three anticipated rate cuts...
...The dollar — which tends to rise when investors anticipate higher rates — rose 0.2 per cent against a basket of six other major currencies....
...Sales of gold jewelry rose 7.97 per cent to 706.48 metric tons in 2023, boosted by innovation and lightweight designs of gold jewelry products, China Gold Association said....
...US wholesale inflation declined unexpectedly in December, a sign for the Federal Reserve that price pressures are moderating after a hotter-than-expected consumer price growth report for the same month....
...The data also sparked a rally in European debt....
...David Nassi, a New York-based lapidary whose company, 100% Natural, wholesales fine natural-coloured gemstones, holds both the GG Graduate Gemologist diploma from GIA and the Gem-A gemmology diploma, which...
...Take the Gem and Jewelry Museum in Bangkok, run by the Gem and Jewelry Institute of Thailand (GIT)....
...Excluding energy, German producer prices rose 0.8 per cent from a year earlier....
...German lawmakers have voted to legalise consumption and possession of cannabis, but stopped short of turning the country into the world’s largest regulated market for the drug by licensing its wholesale...
...The surge in wholesale prices since late 2021 helped fuel a rise in inflation and Britain’s cost of living crisis....
...Britain’s household energy price cap is set to fall by 12 per cent in April following a drop in wholesale gas and electricity prices....
...ArtFi 2024-1’s prospectus has further detail on the collateral backing the deal, which it notes can include “fine art, collectibles, design furniture, coins, books, jewelry, watches, wine or other spirits...
...That was down from a 0.6 per cent rise in February and also below economists’ forecasts for a 0.3 per cent increase....
...falling wholesale market”....
...Chief executive Larry Fink pointed in a statement to a “strong pipeline” of opportunities....
...Households have been grappling with a surge in energy bills following the jump in wholesale gas prices....
...Wholesale inflation: US producer prices are expected to have risen 2.2 per cent on an annual basis in March, up from a reading of 1.6 per cent in February that was higher than expected....
...Wholesale energy costs provide a timely measure of the price pressures consumers might face in the coming months....
...Apart from taking credit for a responsibility devolved to the central bank, the entire cause of this projected fall in inflation is lower wholesale gas and electricity prices....
...Investment manager M&G has reported a 28 per cent rise in profits for 2023, in the first annual results for chief executive Andrea Rossi, who has pledged to transform the company....
...Lower volatility in the wholesale market has also affected battery developers’ revenues, while their earnings from providing other services to ESO have also fallen....
...The group’s wholesale funds offering boosted performance, with 69 per cent of assets under management beating benchmarks over a five-year period, up from 60 per cent in 2022, however, on a one-year basis...
...The sharp reduction — due to a big drop in wholesale gas and electricity prices since November — would bring the price cap down to its lowest level since March 2022 when it stood at £1,216....
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