Dollar marooned as investors shrug off inflation spike
After a week of anxious waiting, markets got the high U.S. inflation number they dreaded, shrugged it off and moved on – leaving the U.S. dollar under pressure and most majors stuck in ranges.
GameStop gains as traders await quarterly report
GameStop’s (GME.N) stock jumped 7% on Wednesday before the company was due to release its quarterly results, which a cult following of individual investors will scrutinize for progress in the videogame retailer’s turnaround amid this year’s rally in its shares.
Leading crypto exchanges scout entry into India despite potential ban
Global digital currency exchanges are exploring ways to set up in India, following in the footsteps of market leader Binance, industry sources told Reuters, while the government in New Delhi dithers over introducing a law that could ban cryptocurrencies.
Biden supply chain ‘strike force’ to target China on trade
The United States will target China with a new “strike force” to combat unfair trade practices, the Biden administration said on Tuesday, as it rolled out findings of a review of access to critical products, from semiconductors to electric-vehicle batteries.
The United States brushes aside the possibility of a post-Brexit trade agreement with the United Kingdom.
While the United States is the world’s largest economy, Britain’s trade with the EU accounts for a much greater percentage of its annual GDP. That’s why Prime Minister Boris Johnson’s government made it a top priority to negotiate a deal that would prevent tariffs from being imposed on trade between the UK and the EU. […]
Take Five: U.S. inflation, China trade and the ECB
A critical view into inflation comes with Thursday’s May U.S. consumer price index.
Global money market funds lure massive inflows in the week to June 2-Lipper
Global money market funds attracted heavy investment flows in the week to June 2, as investors were cautious about the likelihood of global central banks tapering their monetary stimulus policies amid a rise in inflation levels.
Stocks steady, dollar climbs as U.S. recovery sparks Fed tapering fears
The dollar hit a multi-week high on Friday while European stocks, oil and gold steadied as markets braced for further signs the U.S. economic recovery could drive inflation and an early withdrawal of Federal Reserve stimulus.
Analysis: With AMC shares sky-high, ‘gamma squeeze’ less of a driving force
The meteoric rise in shares of AMC Entertainment Holdings Inc (AMC.N) may have diminished an important options market force that helped fuel its recent gains, analysts said.
Wall St set to open higher ahead of key economic data this week
The latest leg of a surge in so-called “meme stocks” stood out in early moves on Wall Street on Wednesday, while futures tracking the main stock indexes were flat to slightly higher ahead of closely watched economic data this week.
