Bloomberg The UK’s chief statistician said a measure of inflation including housing will become the favored gauge of consumer prices from March. CPIH — the consumer prices index including owner-occupiers’ housing costs — will be the “preferred measure” of inflation for the Office for National Statistics. Switching to the new index will address several flaws and limitations in alternative price ...

  Reuters Egyptian stocks jumped in record volumes on Thursday, driven by signs that hard currency was flowing into the country after last week’s pound devaluation, while Saudi Arabia’s index extended recent gains. Egypt’s blue chip index surged 4.5 percent, bringing its gains since the currency was floated last Thursday to 25 percent. The broader EGX 100 index was up ...

  London / AFP World stock markets rallied further on Thursday, with Tokyo surging almost seven percent, on hopes Donald Trump’s plan to kickstart the US economy will succeed following his shock presidential election victory. The dollar firmed after sliding Wednesday on worries that uncertainty over Trump’s policies would cause the Federal Reserve to hold off an interest rate rise. ...