Market Overview - Page 133

From used cars to gas to groceries, inflation continues raise the price of goods in the U.S. The consumer price index — which measures how much consumers pay for an assortment of products — jumped 5.4% last month from where.

Brent crude fell to $66, at one point yesterday falling below $65, the area of the May lows, bringing the decline since the start of August to $10 or 13%. This week oil prices have fallen below last month’s local.

Stock futures were in negative territory early Friday morning after a choppy regular trading session ended with the S&P 500 slightly in the green. Dow Jones Industrial Average futures dropped 105 points. Futures on the S&P 500 and Nasdaq 100.

China passed a major data protection law on Friday setting out tougher rules on how companies collect and handle their users’ information. The rules add to Beijing’s tightening of regulation, particularly around data, which could impact the way China’s technology.

U.S. Vice President Kamala Harris is expected on Sunday to start her official visit to Southeast Asia — a region where China’s economic and political influence has grown in recent years. Harris is scheduled to arrive in Singapore on Sunday,.

The US labour market continues to gain strength, as confirmed by new weekly jobless claims data. Initial claims fell by 29K to 348K last week, and the number of repeat claims fell by 79K to 2.82M in the week to.

Global equity markets strengthened their decline, and the dollar gained momentum after Fed minutes indicating a readiness to start QE tapering as early as this year. The dollar index rose to its highest level since November 2020, surpassing the reversal.

Soaring electricity demand, infrastructure woes and a surge in global gas prices have triggered an extraordinary rally for the world’s least liked commodity. Australian thermal coal at Newcastle Port, the benchmark for the vast Asian market, has climbed 106% this.

American investors’ shock at an ongoing regulatory crackdown in China points to a fundamental difference between the two countries that many didn’t seem to grasp: When it comes to making the rules, corporations don’t have as much influence in China.

The S&P 500 slipped slightly on Wednesday as investors awaited the release of the Federal Reserve’s latest meeting minutes for insights into when the central bank may start removing stimulus. The Dow Jones Industrial Average shed roughly 55 points, after.

Ousted Afghan President Ashraf Ghani, who fled his country as its capital Kabul was being overtaken by Taliban fighters, is now in the United Arab Emirates, the Emirati government confirmed to CNBC. “The UAE Ministry of Foreign Affairs and International.

The UK consumer price index was unchanged for July, and the year-over-year growth rate returned to 2.0% after 2.5% in June and 2.1% in May. But the Bank of England is unlikely to enjoy its inflation target for long as.