Market Overview - Page 159

Consumer prices jumped more than expected in May, but the surge in inflation looks to be temporary and should not push the Federal Reserve to tighten policy for now. The consumer price index rose 5% in May on a year-over-year.

Consumer prices for May accelerated at their fastest pace in nearly 13 years as inflation pressures continued to build in the U.S. economy, the Labor Department reported Thursday. The consumer price index, which represents a basket including food, energy, groceries,.

The European Central Bank made rather dovish comments, reversing fears of an early QE rollback. Furthermore, the ECB confirmed its intention to continue with accelerated QE from the second quarter to bring down the rise in yields on the debt.

US CPI data once again came in markedly above forecasts, reaching 5% y/y. The core inflation rate of 3.8% y/y is the highest since 1992. Most significantly, the monthly price growth rate remains well above the norm, reflecting high inflationary.

In global markets, moderate moves remain in anticipation of US inflation data and the ECB’s monetary policy comments. These two events promise to set the tone for currency market trading at the start of the US trading session, while the.

U.S. stocks traded near all-time highs and bonds rallied as investors braced for a key inflation report that could provide clues on the direction of monetary policy. The S&P 500 fluttered around its May 7 record closing level, with megacap.

Around eight in 10 adults in most parts of the UK are now likely to have Covid-19 antibodies, new figures suggest. The estimates range from 79.9% of adults in Northern Ireland to 80.3% in England and 82.7% in Wales. In.

The U.S. will buy 500 million more doses of the Pfizer Covid-19 vaccine to share through the global COVAX alliance for donation to 92 lower-income countries and the African Union over the next year, a person familiar with the matter.

Market volatility and the next moves by central banks have to be watched “very carefully,” veteran investor Mark Mobius has warned, describing “crazy moves” in assets such as bitcoin as being driven by “disorientation and confusion.” Market speculation over when.

President Joe Biden signed an executive order on Wednesday that sets criteria for the government to evaluate the risk of apps connected to foreign adversaries, a move with implications for Chinese-owned sites like TikTok and WeChat. Biden revoked and replaced.

Producer prices in China are developing an acceleration, prompting a reaction from the authorities. Annual producer price inflation accelerated to 9% in May. This is the fastest rate since September 2009. Both then and now, it is more of a.

The stock and currency markets have been weak since the beginning of the week, with little major reason to move in any direction. Active players on stock and FX markets pause to assess the situation, but Oil continues climbing. Over.