Market Overview - Page 148

The US Consumer Price Index is rising despite forecasts and reassurances from the Fed. According to the latest data, prices rose by 0.9% in July against expectations of 0.5%. The year over year growth accelerated from 5.0% to 5.4% instead.

Moderately positive stock market dynamics yesterday was combined with a slight 0.1% increase in the dollar index to 92.2 after two days of decline from 92.8. The Dollar Index is now near the upper end of the converging trading range.

U.K. Health Minister Sajid Javid on Monday confirmed that the final easing of lockdown rules in England will go ahead on July 19. The move comes despite a continuing surge in coronavirus cases caused by the more infectious delta variant;.

The coronavirus pandemic has further widened the U.K.’s wealth gap, with the richest 10% of households seeing an average gain of £51,238 ($70,977) during the crisis, according to a new report. The U.K.‘s poorest households, meanwhile, saw their wealth grow.

U.S. stocks climbed to another all-time high as investors await second-quarter earnings starting this week to gauge whether corporate profits can support equity valuations. Treasury yields fluctuated as the U.S. sold debt. Financials and real estate shares led the S&P.

China’s move to cut the amount of funds banks need to hold in reserve could boost market sentiment — and that could be good news for stocks in certain sectors, according to investment bank UBS. The People’s Bank of China.

The S&P 500 inched up to a new high on Monday as investors waited for the second-quarter earnings season to kick off this week. The broad index added 0.27% and hit an intraday record Monday morning. The Nasdaq Composite traded.

Last week was quite unsettling for financial markets, but investor optimism is high at the beginning of the new week. US stocks closed mostly higher last Friday, and Asian indices rallied for relief in Monday’s session. The reasons for investor.

U.S. Treasury Secretary Janet Yellen will press European Union officials in Brussels this week to reconsider their plan to propose a digital levy after securing the Group of Twenty’s endorsement for the principles of a global corporate-tax agreement. Yellen is.

European Central Bank President Christine Lagarde told investors to prepare for new guidance on monetary stimulus in 10 days, and signaled that fresh measures might be brought in next year to support the euro-area economy after the current emergency bond.

Stock futures were slightly lower in early morning trading on Monday as earnings season kicks off on Wall Street this week. Futures on the Dow Jones Industrial Average fell 59 points. S&P 500 futures and Nasdaq 100 futures both traded.

Stocks in Asia-Pacific rose in Monday trade, with shares in Japan and China leading gains regionally. Japan’s Nikkei 225 surged 2.26% in afternoon trade while the Topix index jumped 2.09%. South Korea’s Kospi also advanced 0.98%. Mainland Chinese stocks rose,.