17 minutes ago
This is the ‘end of the beginning’ of the fight against inflation, economists say
Coco Agbo-Bruer, Global Head of Economics, Cross-Assets and Quant Research, discusses the outlook for the US and Eurozone economies as central banks grapple with persistent core inflation.
32 minutes ago
Pascal Donohoe: Inflation is improving, but the road is far from over
CNBC’s Charlotte Read talks with Eurogroup Chairman Pascal Donohoe and France’s European Minister Laurence Boone at the Aix-en-Provence Economic Forum.
41 minutes ago
European Stocks Recover Losses
The pan-European Stoxx 600 traded slightly above the flat line by mid-morning, recovering an opening loss of about 0.3%. Oil and gas stocks rose 0.8%, while basic resources fell 0.9%.
— Elliott Smith
34 minutes ago
Treasury yields mixed as investors focus on Fed speaker comments, key data
Treasury yields were mixed on Monday as investors waited for the latest comments from Federal Reserve officials and key inflation data to be released this week for clues on the central bank’s next rate policy move. became.
As of 4:34 a.m. ET, the 10-year Treasury yield rose more than two basis points to 4.0698%. Two-year bonds were trading about one basis point lower at 4.9209% most recently.
Yields and prices move in opposite directions, with 1 basis point equaling 0.01%.
— Sophie Kidderlin
4 hours ago
Alibaba shares surge up to 5% on hopes of an end to regulatory scrutiny
Alibaba’s Hong Kong-listed shares rose as much as 5% in Monday morning trading on hopes of an end to years of scrutiny of financial unit Ant Group.
The stock opened strongly but has since trimmed its gains, settling about 3.2% higher than Friday’s close.
Chinese regulators imposed a 7.12 billion yuan ($985 million) fine on Ant Group on Friday for violating laws and regulations, ending a two-year government crackdown on domestic tech companies. It looks like it will hit.
Chinese regulators said on Friday that most of the outstanding issues related to the financial business of platform companies have been resolved, and that the domestic tech industry will “normalize supervision.”
— Sheila Chan, Lim Hoi Jie
7 hours ago
China producer prices fall further, consumer prices unchanged
China’s producer price index fell 5.4 percent from a year earlier, beating the 5 percent decline expected by economists polled by Reuters.
Consumer prices were flat year-on-year, broadly in line with expectations, but fell 0.2% month-on-month.
The onshore Chinese yuan rose partially, recently trading at 7.2194 yuan against the US dollar.
11 hours ago
Equity futures open almost unchanged
Equity futures opened little changed on Sunday ahead of two major inflation reports this week.
Futures prices linked to the Dow Jones Industrial Average dropped 3 points (0.01%). Both Nasdaq 100 and S&P 500 futures were flat.
The consumer price index for June is due to be released on Wednesday morning, followed by the producer price index on Thursday.
— Brian Evans
