were mostly lower in Wednesday trade as investors reacted to the release of Chinese inflation data.
China's producer price index for May jumped 9% from a year earlier, against expectations in a Reuters poll for a 8.5% increase. The country's consumer price index in May rose 1.3% from a year earlier, lower than an expected 1.6% rise in a Reuters poll.global economy now expected to grow 5.6% in 2021Still, the organization warned in a Tuesday press release that global output will be about 2% below pre-pandemic projections by the end of this year in spite of the recovery.
On the earnings and data front in Europe, retail giant Inditex releases second-quarter earnings and Germany publishes its latest import and export data.Sign up for
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tech buoys broader stock market early Tuesday but the Dow weighed by slump in GoldmanU.S. stock benchmarks early Tuesday were trading mixed to mostly higher, with investors in a waiting pattern ahead of another round of inflation data on...
Source: MarketWatch - 🏆 3. / 97 Read more »
Treasury yields flat in pre-market trading as investors await inflation reportThe dollar weakened slightly Tuesday as markets expect a higher inflation print. Adding 900k on Tesla now Tesla 🚀🚀🚀🚀 $AMC ON FIRE 🔥
Source: CNBC - 🏆 12. / 72 Read more »
As AMC Entertainment stock surges 20%, SEC says it’s watching memes for ‘disruptions of the market, manipulative trading, or other misconduct’The SEC said it is closely monitoring frenetic moves in the stock market amid the stratospheric surge in $AMC and $GME. AMC is surging nearly 17%, and is up over 2,600% in the year to date. Gee, you don’t say...
Source: MarketWatch - 🏆 3. / 97 Read more »
Tesla, Liminal BioSciences, BlackBerry, Stitch Fix: What to Watch When the Stock Market Opens TodaySeveral “meme stocks” popular with retailer traders nudged higher premarket, including AMC, GameStop and BlackBerry You put Tesla in a list of meme stocks that people bought for fun? Is Apple a meme stock too? We know that you're getting paid by Ford,GM etc in order to trash them, but that's just ridiculous even for your corruption .Tell your donors to try to compete instead. It's pronounced 'stonks'
Source: WSJ - 🏆 98. / 63 Read more »