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Market Overview - Page 157


Stock futures are flat as investors await Federal Reserve update
Stock futures are flat as investors await Federal Reserve update.

U.S. stock index futures were little changed during early morning trading Wednesday ahead of the Federal Reserve’s update. Futures contracts tied to the Dow Jones Industrial Average were just 9 points lower. S&P 500 futures were also largely flat, while.

UK inflation jumps past Bank of England target, hits 2.1%
UK inflation jumps past Bank of England target, hits 2.1%.

British inflation unexpectedly jumped above the Bank of England’s 2.0% target in May when it hit 2.1% and looks set to rise further as the country re-opens its economy after its coronavirus lockdowns. The rise in price growth from April’s.

Biden and Putin are about to have a high-stakes meeting
Biden and Putin are about to have a high-stakes meeting.

When President Joe Biden meets Russian President Vladimir Putin in Geneva on Wednesday it will be one of the most closely watched pieces of geopolitical theater this year. Biden’s summit with Putin in Switzerland, chosen for its history of political.

China’s Shenzhen falls more than 2% in mixed Asia-Pacific trade
China’s Shenzhen falls more than 2% in mixed Asia-Pacific trade.

Shares in Asia-Pacific were mixed on Wednesday trade as investors looked ahead to the U.S. Federal Reserve’s interest rate decision. Mainland Chinese stocks led losses among the region’s major markets, with the Shenzhen component plunging 2.572% to close at 14,295.93..

US Retail Sales and building inflation is a case for Fed to signal tapering
US Retail Sales and building inflation is a case for Fed to signal tapering.

US retail sales for May declined by 1.3% overall and 0.7% excluding autos, but thanks to upward revisions of the previous two months, this decline is not a cause for concern. Leaving aside the 28.1% y/y increase and high monthly.

Nasdaq outperforms Dow Jones again on the belief Fed will continue its easy policy
Nasdaq outperforms Dow Jones again on the belief Fed will continue its easy policy.

The S&P500 and Nasdaq100 closed Tuesday’s trading at record highs, creating a positive backdrop for Tuesday morning. Interestingly, the Dow Jones index increased its lag recently and has been methodically declining since the start of last week. The Nasdaq Index,.

Bitcoin Fund Outflows Slow but Investors Start Exiting Ether Funds
Bitcoin Fund Outflows Slow but Investors Start Exiting Ether Funds.

Money being pulled out of digital-asset investment funds slowed somewhat last week. However, while net redemptions from bitcoin-focused funds shrank, some investors seem to be souring on ether. Overall, digital-asset funds experienced net outflows of $21 million during the week.

U.S. solar installations soared in first quarter, supply squeeze weighs
U.S. solar installations soared in first quarter, supply squeeze weighs.

U.S. solar installations are on track for record-breaking growth over the next three years, a view that could be challenged by soaring project costs or accelerated by new subsidies championed by the Biden administration, according to an industry report released.

WHO says Covid is spreading faster than the global distribution of vaccines
WHO says Covid is spreading faster than the global distribution of vaccines.

The global spread of Covid-19 is moving faster than the global distribution of vaccines, World Health Organization officials said Monday. They attributed transmission rates to new variants, such as Alpha and Delta, which have been shown to be more contagious..

Stock futures are flat after Nasdaq and S&P 500 notch fresh records, Fed meeting ahead
Stock futures are flat after Nasdaq and S&P 500 notch fresh records, Fed meeting ahead.

U.S. stock futures were steady in overnight trading on Monday after the Nasdaq Composite and S&P 500 registered new record highs ahead of the Federal Reserve’s latest monetary policy meeting. Dow futures fell just 20 points. S&P 500 futures were.

Biden warns Putin ahead of summit: Navalny’s death would hurt Russia’s standing
Biden warns Putin ahead of summit: Navalny’s death would hurt Russia’s standing.

President Joe Biden issued a warning to Russian President Vladimir Putin ahead of their Wednesday summit that the death of jailed Russian opposition leader Alexei Navalny would hurt Russia’s relationships with the rest of the world. “Navalny’s death would be.

Jamie Dimon says JPMorgan is hoarding cash because ‘very good chance’ inflation is here to stay
Jamie Dimon says JPMorgan is hoarding cash because ‘very good chance’ inflation is here to stay.

Jamie Dimon believes cash is king – at least for the time being. JPMorgan Chase has been “effectively stockpiling” cash rather than using it to buy Treasuries or other investments because of the possibility higher inflation will force the Federal.

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