Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
Economics
U.S. Pending-Home Sales Rises More Than Expected in May
The number of homes going under contract in the U.S. rose more than expected in May, according to a monthly
Five Things the Hormuz Crisis Taught Us About the Global Economy
Reopening the Strait of Hormuz as part of a peace deal between the U.S. and Iran would ease an energy
U.K. Inflation Remains Unexpectedly Flat Ahead of Bank of England Meeting
The U.K.’s rate of inflation was unchanged in May, defying expectations of an increase and reinforcing the view that the
China Moves to Boost the Use of Yuan Globally
Chinese authorities rolled out more measures to promote the use of the yuan globally, their latest effort to build more
Japan Imports Rise as Energy Supply Diversification Progresses
A surge in energy costs and pivot toward alternative procurement channels likely drove up Japan’s import bill. Source link
Kevin Warsh walks into his first meeting as Federal Reserve chairman this week in an awkward spot; he’s argued for rate cuts, but the conversation at the Fed has shifted the other way
Kevin Warsh walks into his first meeting as Federal Reserve chairman this week in an awkward spot. He argued for
EU Gives Final Approval to U.S. Trade Deal
Lawmakers approved the deal Tuesday ahead of a deadline set by Trump that would have ramped up tariffs on cars.
German Investor Confidence Jumps on Hopes of End to Middle East Conflict
German investor confidence improved unexpectedly sharply on hopes the war in the Middle East would end soon and prompting energy
The Bank of Japan raised interest rates to a 31-year high, anchoring policy against the inflationary risks of a war-induced spike in energy costs
The central bank raised its policy rate to 1% as elevated energy prices stoke inflation fears. Source link