Asian Gold Stocks Rise as Bullion Rebounds on Softer Dollar 
Yemen Fighting Threatens Red Sea Oil Routes 
Yen Sinks as BOJ Rate Hike Fails to Impress Markets 
Strait of Hormuz Oil Shipments Hit Six-Month High as U.S. Clears Mines 
Gold Rebounds Above $4,300 Despite Hawkish Fed Rate Hike 
Trump Hopes Iran War Nears End as Yemen Fighting Escalates 
BOJ Set for 25-Basis-Point Rate Hike as Yen Weakness Fuels Inflation 
Gold Prices Rise as Oil and Treasury Yields Fall 
US Stock Futures Rally as Markets Digest Fed Rate Hike 
Add as a preferred source on Google
Industrial orders in the United Kingdom fell sharply during the month of October, despite a rebound in export demand. However, somewhat weaker business optimism in the three months to October pulled down orders as well.
U.K.’s headline monthly industrial orders balance fell sharply to -17 in October from -5 in September, in sharp contrast to economists' forecasts for a small pick-up, data released by the Confederation of British Industry (CBI) showed Monday.
Expectations for output growth slowed and inflation picked up, though export orders rose faster than their long-run average. An overall measure of business optimism rose sharply from very low levels seen in July, and export orders rose at the fastest rate since April 2014.
"Manufacturers are optimistic about export prospects and export orders are growing, following the fall in sterling. However, the weaker pound is also feeding through to costs, which are rising briskly and may well spill over into higher consumer prices in the months ahead," Reuters reported, citing Rain Newton-Smith, Chief Economist, CBI.
