If Federal Reserve boss Jerome Powell had any inkling of the June U.S. inflation readout when speaking to Congress this week, then today's critical report...
If Federal Reserve boss Jerome Powell had any inkling of the June U.S. inflation readout when speaking to Congress this week, then today's critical report doesn't look like it will prove a game changer.
TSMC scaled a record high on Thursday, cementing its position as Asia's most valuable company and topping a trillion-dollar value for the first time. But the trigger for Thursday's rise was more likely a move by the China Securities Regulatory Commission to further curb short-selling.With the dollar on the back foot again, much of the action early on Thursday was in currency markets.
But the euro was on the rise too - hitting its best level in more than a month as French markets calmed further following the indecisive election result there at the weekend. Democratic party heavyweights Nancy Pelosi and George Clooney, who may influence other Democratic lawmakers and financial donors, and two Senate Democrats cast more doubt on Biden's fitness to run.
Oil prices were steady but the annual gain in crude fell below 10% for the first time in a month. Global oil demand growth will slow to just under a million barrels per day this year and next, the International Energy Agency said, as it said Chinese consumption contracted in the second quarter.* US June consumer price index, weekly jobless claims, June Federal budget* St.
-- Costco Wholesale Corp. is boosting its membership fees for the first time since 2017, raising the charge for a basic membership to $65 a year from $60.
Global Markets Mike Dolan Jerome Powell Currency Markets China Securities Regulatory Commission President Joe Biden
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