Jun 12, 2024 | Markets
CPI came in below forecasts in May, stoking market rally Traders priced in two Fed cuts in 2024, first in November A key measure of underlying US inflation stepped down for a second month in May, a pleasant surprise for Federal Reserve officials looking for signs that...
Jun 12, 2024 | Markets
Consumer price index rose modestly for a fourth month Factory-gate prices in deflation streak since late 2022 China’s consumer prices rose less than expected in May and factory prices dropped for the 20th month in a row, stoking concerns over persistently weak demand....
Jun 11, 2024 | Markets
South Korea’s labor market showed signs of cooling in May as employment growth slowed to its slowest pace in more than three years, a weak outcome that may support the case for authorities to consider adjusting policy. The number of new jobs increased by 80,000 in...
Jun 11, 2024 | Markets
Banks selling quality assets first to avoid big losses: Murray Pimco has been amassing property portfolios for 18 months Pacific Investment Management Co. expects more regional bank failures in the US because of a “very high” concentration of troubled commercial real...
Jun 11, 2024 | Markets
Indexes in mainland China, Hong Kong among top losers in Asia Weak travel spending data, geopolitical risks hurt sentiment Chinese stocks dropped after traders returned from a long weekend as a slew of negative developments weighed on sentiment. The CSI 300 Index of...
