Market Overview - Page 159

Apple’s new feature designed to give users more privacy when browsing the web will not be available in China, one of the iPhone maker’s most important markets. Apple revealed a new service called iCloud+ at its Worldwide Developers Conference on.

Inflation may look like a problem that will go away, but is more likely to persist and lead to a crisis in the years ahead, according to a warning from Deutsche Bank economists. In a forecast that is well outside.

Stock futures are flat in overnight trading Monday after the Dow and S&P 500 each started the week lower. Futures on the Dow Jones Industrial Average fell 18 points, or 0.05%. S&P 500 futures ticked 0.01% higher and Nasdaq 100.

Despite China’s quick recovery from the pandemic, many local graduates are choosing state-backed jobs, or postponing their entry into the workforce. China was the only major economy to grow in 2020. But more than one year since the pandemic began,.

Last week the US labour market data came out weaker than expected but triggered an impulsive rally in commodities and stock markets, putting pressure on the US dollar. EURUSD rallied from intraday lows at 1.2100 on Friday to above 1.2180.

Treasury Secretary Janet Yellen said that President Joe Biden’s $4 trillion spending plan would be good for the U.S., even if it contributes to rising inflation and results in higher interest rates. “If we ended up with a slightly higher.

U.S. equity-index futures dropped with Treasuries as investors weighed inflation risks and the impact of a minimum corporate tax on technology firms. The dollar ticked up. Futures on the Nasdaq 100 and S&P 500 declined, while European stocks fluctuated between.

Key Indian cities re-opened for business on Monday, with long queues for buses in the financial hub of Mumbai while traffic returned to the roads of New Delhi after a devastating second wave of coronavirus that killed hundreds of thousands..

Stock futures are lower in early morning trade on Monday as the S&P 500 attempts to make a run at a record high this week amid optimism about the economy’s ongoing reopening this summer. S&P 500 futures traded in mildly.

China bought fewer American products in May versus the prior month, while exports to the U.S. rose, according to customs data released Monday. China bought $13.11 billion dollars’ worth of goods from the U.S. in May, down from $13.94 billion.

Finance ministers from the Group of Seven (G-7) advanced nations agreed on Saturday to back a minimum global corporate tax rate of at least 15%. U.S. Treasury Secretary Janet Yellen said such a global minimum rate would end “the race-to-the-bottom.

The monthly employment report showed an increase of 559k jobs, worse than the expected 645k and weaker than might have been expected from other indicators. On average, the US labour market has added 416k monthly since September, against a long-term.