Market Overview - Page 136

Prices that Americans pay for everyday goods and services accelerated in July as pent-up demand for travel and restaurants kept inflation hot, but about where economists had expected. The Labor Department reported Wednesday that its consumer price index rose 5.4%.

Consumer prices in the USA maintain an alarmingly high increase. Prices for July added 0.5% (as expected) and the annual rate was maintained at 5.4%, contrary to forecasts of a decline to 5.3%. Food prices (+0.7% in July after 0.8%.

The US dollar has added 1.5% so far this month against a basket of the most popular currencies due to reassessment of the Fed’s monetary policy outlook after healthy macro data. Having gained almost daily since the beginning of last.

Asian stocks were mixed Wednesday as investors awaited a key report on U.S. inflation. Treasuries and the dollar were steady. Shares rose in Japan and saw modest gains in Australia and Hong Kong. Chinese stocks were little changed, while those.

Even as delta risks loom, early signs from the third quarter show growth accelerating and inflation peaking after its recent jump, a reassuring sign for policy makers and investors worried about the risks of faltering demand and surging prices. Global.

A transition to renewable sources of energy will prompt a surge in demand for base metals in the coming years, Wood Mackenzie has predicted. In a report published Monday, analysts at the energy consultancy said that as governments fulfil commitments.

U.S. stock index futures were flat early on Wednesday, after the Dow and S&P 500 closed at record highs following the Senate passing the $1 trillion infrastructure bill. Futures contracts tied to the Dow Jones Industrial Average edged slightly lower..

Elon Musk offered SpaceX’s services to help NASA make its next-generation spacesuits, after a watchdog report on Tuesday said the agency’s current program is behind schedule and will cost more than $1 billion. “SpaceX could do it if need be,”.

Economic sentiment in Europe continues to deteriorate, as evidenced by the development of a decline in the ZEW index. The Economic Sentiment Index fell to 40.4 in August from 63.3 a month earlier and a peak of 84.4 in May..

Inaction could be a powerful option for Bank of England officials looking to scale back stimulus for the economy and shrink their swollen balance sheet. In a surprise move, Governor Andrew Bailey last week indicated that a “modest tightening” for.

Southeast Asia experienced a major surge in Covid-19 cases last month that has shown little signs of slowing, and the situation is expected to delay most of the region’s economic recovery. Major economies in this part of the world including.

U.S. stock futures were little changed early Tuesday morning after the Dow Jones Industrial Average and S&P 500 fell from record highs in regular trading on Monday amid concerns about a resurgence in Covid-19 cases. Dow Jones Industrial Average futures.