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☆ Stock futures are little changed after S&P 500 rises to kick off back half of 2024: Live updates
▼ + stars: | 2024-07-01 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

U.S. stock futures are little changed Monday night after the major averages closed higher to start the second half of 2024, as tech stocks outperformed. Dow Jones Industrial Average futures fell 26 points, or 0.07%. S&P 500 futures and Nasdaq 100 futures dipped 0.06% and 0.1%, respectively. The central bank leader will be part of a panel discussion and will not be issuing prepared remarks beforehand. He will join ECB President Christine Lagarde and Roberto Campos Neto, governor of Brazil's central bank.

Persons: Kevin Gordon, Charles Schwab, Gordon, Jerome Powell, Christine Lagarde, Roberto Campos Neto, Sara Eisen, Dow Jones Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Dow Jones, European Central Bank Forum, ECB Locations: Brazil's

☆ CNBC Daily Open: Prepare for higher rates
▼ + stars: | 2023-07-06 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. More hikes, but slowerAlmost all Federal Reserve members expect more interest rate hikes at upcoming Federal Open Market Committee meetings, according to minutes of June's meeting. Scientists warn that 2024 could be the first year the planet's temperature rises 1.5 degrees Celsius above pre-industrial levels. The release of Threads seems timely — Twitter recently limited the number of posts users can view per day, drawing complaints from many Twitter users.

Persons: Jerome Powell Organizations: Federal Reserve, Central Bank, Central Banking, CNBC, Treasury, University of Maine's, El, Twitter Meta, Twitter, Big Tech, Bank of America Locations: United States, Sintra , Portugal

☆ Treasury yields climb as investors digest Fed Chair Powell’s interest rate comments
▼ + stars: | 2023-06-29 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET the yield on the 10-year Treasury was up by over 4 basis points to 3.758%. The 2-year Treasury was last trading 5 basis points higher at 4.772%. U.S. Treasury yields rose on Thursday as investors considered what could be next for interest rates after Federal Reserve Chairman Jerome Powell gave new hints about the monetary policy outlook. Investors weighed the outlook for interest rates after Fed Chair Powell said on Wednesday that policymakers are expecting further restriction. Speaking at a European Central Bank forum in Sintra, Portugal, on Wednesday, Powell also said he would not exclude the possibility of rate hikes being announced at consecutive Fed policy meetings.

Persons: Jerome Powell, Powell Organizations: Treasury, U.S, Federal, European Central Bank, Bank of Spain Locations: Sintra , Portugal, U.S, Madrid, Spain

☆ Asian shares subdued, yen and yuan hover near 8-mth troughs
▼ + stars: | 2023-06-29 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was flat, while markets in Singapore, India and Malaysia are closed for holidays. Japan's Nikkei (.N225), however, gained 1% and was headed for a monthly rise of 8.5% and a quarterly jump of 19%. The offshore yuan hovered near an eight-month trough at 7.24 per dollar on Thursday, after the central bank fixed the daily guidance at the weakest level since November. European Central Bank President Christine Lagarde, on the other hand, cemented expectations for a ninth consecutive rise in euro zone rates in July. U.S. crude futures were little changed at 69.55 per barrel, and Brent crude was down 0.1% at $74.00 per barrel.

Persons: HSI, Jerome Powell, Stephen Wu, Christine Lagarde, Kazuo Ueda, Mark McCormick, hawkish, Powell, Brent, Stella Qiu, Lincoln Organizations: SYDNEY, Japan's Nikkei, Nasdaq, Apple, Dow, Micron Technology, European Central Bank, Commonwealth Bank of Australia, ECB, Bank of Japan, U.S, Reuters, TD Securities, Thomson Locations: Asia, Pacific, Japan, Singapore, India, Malaysia

European stocks were cautiously higher Thursday as investors assessed commentary from leading central bankers on the need to continue the fight against inflation. The pan-European Stoxx 600 nudged 0.3% higher by late morning, with retail stocks adding 1.7% to lead gains while travel and leisure stocks fell 0.4%. A further message from the conference this week has been on market pricing of swift interest rate cuts from the ECB. The Stoxx 600 closed 0.7% higher Wednesday after staging a cautious turnaround from six straight negative sessions on Tuesday. U.S. futures were slightly higher as banks rose after passing the Federal Reserve's annual stress test.

Persons: Christine Lagarde, Andrew Bailey, Jerome Powell, Powell, Lagarde, England's Bailey, Philip Lane, Chipmakers Organizations: CNBC, European Central Bank, Wednesday, Bank of England, Federal, ECB, Journal Locations: Sintra , Portugal, U.S, China, Asia, Pacific

With inflation still high, Phil Blancato CEO Ladenburg Asset Management said Powell is "not wrong" to keep policy tight. Apple Inc (AAPL.O) hit an all-time high during the session and registered a record closing high for the second session in a row. [1/2]Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 27, 2023. The S&P banks index (.SPXBK) slipped 0.5% ahead of the Fed's annual stress test results after markets close on Wednesday. The S&P 500 posted 39 new 52-week highs and 6 new lows; the Nasdaq Composite recorded 70 new highs and 127 new lows.

Persons: Fed's Powell, Jerome Powell, Powell, Quincy Krosby, Phil Blancato, Brendan McDermid, decliners, LPL's Krosby, Oppenheimer, Mills, Sinéad Carew, Sruthi Shankar, Johann M, Vinay Dwivedi, David Gregorio Our Organizations: Dow, Nasdaq, Federal, European Central Bank, Global, LPL, Management, Independence, Traders, Dow Jones, Apple Inc, Microsoft, P's, Nvidia, Wall Street Journal, New York Stock Exchange, REUTERS, Investors, Netflix Inc, NYSE, Thomson Locations: Quincy, United States, China, New York City, U.S, New York, Bengaluru

[1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 27, 2023. REUTERS/Brendan McDermidJune 28 (Reuters) - The S&P 500 and Dow closed lower on Wednesday on the prospect of further interest rate hikes after U.S. Federal Reserve Chair Jerome Powell said he did not see inflation falling to the central bank's target rate "this year or next year." According to preliminary data, the S&P 500 (.SPX) lost 1.14 points, or 0.02%, to end at 4,377.37 points, while the Nasdaq Composite (.IXIC) gained 36.08 points, or 0.27%, to 13,591.75. The Dow Jones Industrial Average (.DJI) fell 63.90 points, or 0.19%, to 33,862.84. The S&P banks index (.SPXBK) slipped ahead of the Fed's annual stress test results after markets close on Wednesday.

Persons: Brendan McDermid, Jerome Powell, Powell, Phil Blancato, Blancato, Tesla, Michael Green, Oppenheimer, Mills, Sinéad Carew, Sruthi Shankar, Johann M, Vinay Dwivedi, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Dow, Federal, European Central Bank, Management, Independence, Nasdaq, Dow Jones, Apple Inc, Microsoft, P's, Nvidia, Wall Street Journal, Wall, Traders, Netflix Inc, Thomson Locations: New York City, U.S, United States, China, New York, Bengaluru

Apple Inc (AAPL.O) rose 0.7% to an all-time high, while Amazon (AMZN.O), Alphabet (GOOGL.O) and Tesla (TSLA.O) rose between 1.1% and 3.2%. The S&P banks index (.SPXBK) slipped 0.5% ahead of the results due after markets close on Wednesday. Advancing issues outnumbered decliners by a 1.01-to-1 ratio on the NYSE and a 1.07-to-1 ratio on the Nasdaq. The S&P index recorded 36 new 52-week highs and six new lows, while the Nasdaq recorded 50 new highs and 79 new lows. Reporting by Sruthi Shankar and Johann M Cherian in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Dow, Michael Green, Jerome Powell, Patrick Kaser, Oppenheimer, Mills, Sruthi Shankar, Johann M, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Nasdaq, Apple, Microsoft, Federal, Apple Inc, Management, Nvidia, Wall Street Journal, Central Bank, U.S, Brandywine, Traders, Dow Jones, Bank, Netflix Inc, NYSE, Thomson Locations: New York City, U.S, United States, China, bank's, Bengaluru

☆ Yen under pressure; Aussie slides as inflation slows
▼ + stars: | 2023-06-28 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

"We are closely watching currency moves with a strong sense of urgency," Japan's top currency diplomat Masato Kanda told reporters on Wednesday. The yen was hovering around the seven-month low of 144.18 per dollar it touched overnight. Against the euro, the yen was pinned near the 15-year low of 157.93 it hit on Tuesday. Against sterling, the Asian currency was hovering around 183.25, just a shade below the 7.5-year low it touched on Tuesday. In the spot market, the onshore yuan opened at 7.2225 per dollar and was changing hands at 7.2285.

Persons: Masato Kanda, Carol Kong, Kong, Rodrigo Catril, Jerome Powell's, Powell, Andrew Bailey, Christine Lagarde, Kazuo Ueda, Ankur Banerjee, Muralikumar Anantharaman, Jamie Freed Organizations: Bank of Japan, Ministry, Finance, Commonwealth Bank of Australia, Federal, Fed, National Australia Bank, European Central Bank, Bank of England, Sterling, Thomson Locations: SINGAPORE, Japan, Sintra , Portugal, Tokyo, Singapore

☆ Dollar flat; Aussie slides as inflation slows
▼ + stars: | 2023-06-28 | by ( Ankur Banerjee | ) www.reuters.com time to read: +3 min

The Australian dollar fell sharply as consumer inflation eased in May. The dollar index is on course to log a decline of about 1.5% for the month. Meanwhile, the Australian dollar fell 0.72% to $0.6637 after the Australian consumer price inflation rate slowed to a 13-month low in May, driven by a sharp pullback in fuel. A measure of core inflation also cooled, in a sign interest rates might not have to rise again in July. The Japanese yen strengthened 0.16% to 143.81 per dollar, but remained close to the seven-month low of 144.18 it touched on Tuesday.

Persons: Rodrigo Catril, Jerome Powell's, Powell, Carol Kong, Bank of England's Andrew Bailey, Christine Lagarde, Kazuo Ueda, Lagarde, Sterling, CBA's Kong, Ankur Banerjee, Muralikumar Organizations: U.S, Federal, Data, Fed, National Australia Bank, European Central Bank, Commonwealth Bank of Australia, Bank of England's, Bank, Bank of Japan, Ministry, Finance, Thomson Locations: SINGAPORE, Sintra , Portugal, Singapore

☆ UK showing signs of persistent inflation, BoE's Bailey says
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: 1 min

SINTRA, Portugal, June 28 (Reuters) - Bank of England Governor Andrew Bailey said last week's rise in interest rates reflected a resilient economy and unexpectedly persistent inflation, sticking closely to his message after the BoE raised rates to 5% from 4.5%. "The cumulative data - both particularly on the labour market and on the inflation release we had, which to us showed clear signs of persistence - caused us to conclude that we had to make really quite a strong move," Bailey said at a European Central Bank forum in Sintra, Portugal. Bailey added that in his view the unexpected half-point rate rise was preferable to two consecutive quarter-point moves. Reporting by Balazs Koranyi and Francesco Canepa; writing by David Milliken; editing by William SchombergOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Bailey, BoE, Bailey, Balazs Koranyi, Francesco Canepa, David Milliken, William Schomberg Organizations: Bank of England, European Central Bank, Thomson Locations: SINTRA, Portugal, Sintra , Portugal

☆ Dow Futures Hover; Nvidia Falls: Live Updates
▼ + stars: | 2023-06-28 | by ( ) www.wsj.com time to read: +1 min

U.S. stock futures pointed to declines for tech shares following the opening bell after The Wall Street Journal reported that the U.S. was considering new restrictions on AI chip exports to China. Jerome Powell is set to speak at a European Central Bank forum alongside ECB President Christine Lagarde, Bank of England Gov. Futures for the Dow Jones Industrial Average inched up 0.1%, while S&P 500 futures declined 0.1%, under pressure technology stocks. Bond yields in Italy and Australia also weakened after inflation data in both countries came in weaker than expected. Bitcoin’s rally appeared to be running out of steam, with the cryptocurrency declining 1% to $30,352.60 from its 5 p.m.

Persons: Jerome Powell, Christine Lagarde, Andrew Bailey, Kazuo Ueda, Bond Organizations: Street Journal, Nvidia, Devices, Intel, European Central Bank, Bank of England Gov, Bank of Japan Gov, Futures, Dow Jones, Nasdaq, Nikkei, Micron Technology Locations: U.S, China, Italy, Australia, Shanghai, Europe

☆ Treasury yields dip as investors weigh interest rate outlook
▼ + stars: | 2023-06-28 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

U.S. Treasury yields fell Wednesday as investors considered the path ahead for interest rates and awaited fresh comments from Federal Reserve Chairman Jerome Powell. Investors awaited the latest remarks from Powell, who will speak alongside central bank officials from around the world at the European Central Bank Forum on Central Banking in Sintra, Portugal, on Wednesday. Chiefs from the Bank of England, European Central Bank and Bank of Japan will join Powell. Investors are hoping to gain fresh insights into what policymakers expect for interest rates and inflation going forward. The central banks have taken varying approaches to their interest rate policies recently.

Persons: Jerome Powell, Powell Organizations: U.S, Treasury, Federal, Investors, European Central Bank, Central Banking, Wednesday, Chiefs, Bank of England, European Central Bank and Bank of Japan, Powell, Fed, Bank of Japan Locations: Sintra , Portugal, U.S

☆ Dollar flat, Aussie slides as inflation slows
▼ + stars: | 2023-06-28 | by ( ) www.cnbc.com time to read: +3 min

Persons: Rodrigo Catril, Jerome Powell's, Powell, Carol Kong, Bank of England's Andrew Bailey, Christine Lagarde, Kazuo Ueda, Lagarde, Sterling, CBA's Kong Organizations: U.S, Federal, Data, Fed, National Australia Bank, European Central Bank, Commonwealth Bank of Australia, Bank of England's, Bank, Bank of Japan, Ministry, Finance Locations: Sintra , Portugal

☆ The Federal Reserve thinks catastrophe is coming for US businesses
▼ + stars: | 2023-06-28 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

One report, written by the Federal Reserve's own economists, left me with not exactly an upbeat outlook. Federal Reserve Board Chair Jerome Powell testifies during a House Committee on Financial Services hearing, Wednesday, July 18, 2018, Capitol Hill in Washington. That is, more than a third of companies could default in the coming months, thanks to tightening monetary policy. Basically, they are predicting that companies feel pain in times of policy tightening, especially those with weaker balance sheets to begin with. Investors should monitor these bearish signals to stay ahead of a potential sell-off in the stock market.

Persons: Phil Rosen, You'll, Jerome Powell, Jacquelyn Martin, Ander Perez, Orive, Yannick Timmer, Kevin Rendino, he's shorting, Goldman Sachs, Morgan Stanley, Max Adams, Hallam Bullock Organizations: Federal, Financial Services, Capitol, European Central Bank, Bloomberg, Bank of America, Barclays, Elon Musk's Locations: New York, Washington, London

☆ Gold steadies near three-month lows; focus shifts to Powell
▼ + stars: | 2023-06-28 | by ( ) www.cnbc.com time to read: +2 min

Gold held near three-month lows on Wednesday after strong U.S. economic readings offset the bullion's traditional safe-haven status, while traders positioned for Federal Reserve Chair Jerome Powell's speech and more data for clues on rate hikes. Spot gold rose 0.1% to $1,915.45 per ounce by 0524 GMT, hovering close to its lowest level since March 16 at $1,910. Data on Tuesday indicating that the economy remained on solid footing could lead to more Fed rate hikes to bring down inflation. Powell will speak at a policy panel on Wednesday before the European Central Bank Forum on Central Banking in Sintra along with other central bank members. Spot silver rose 0.2% to $22.93 per ounce, platinum fell 0.9% to $916.83 while palladium dropped 1.1% to $1,281.48.

Persons: Gold, Jerome Powell's, Matt Simpson, Simpson, Powell, Tim Waterer Organizations: Federal, City, Open, Committee, European Central Bank, Central Banking, KCM Locations: U.S, Sintra

June 27 (Reuters) - U.S. stock indexes rebounded on Tuesday from a recent losing streak as upbeat economic data soothed investor worries about an imminent recession triggered by the Federal Reserve's aggressive interest rate hikes. While the economic data was encouraging, Rhys Williams, chief strategist at Spouting Rock Asset Management, said the market also rose on seasonal factors. "You'd a bad week in the stock market last week and a bad day on Monday. According to preliminary data, the S&P 500 (.SPX) gained 49.25 points, or 1.14%, to end at 4,378.07 points, while the Nasdaq Composite (.IXIC) gained 219.71 points, or 1.65%, to 13,555.49. Signs of U.S. economic resilience also boosted the Dow Transports index (.DJT) and small-cap Russell 2000 index (.RUT).

Persons: Rhys Williams, It's, Williams, Russell, Jerome Powell's, hawkish, Dow, Sinéad Carew, Sruthi Shankar, Johann M, Terence Gabriel, Shinjini Ganguli, Richard Chang Organizations: Federal, Management, Dow, Nasdaq, Dow Jones, Dow Transports, Traders, bps, European Central Bank, Microsoft Corp, Apple Inc, Amazon.com Inc, Tesla Inc, Nvidia Corp, Inc, Citigroup, Nvidia, Walgreens Boots Alliance, CVS Health Corp, Rite Aid Corp, Lordstown Motors Corp, U.S, Thomson Locations: Sintra , Portugal, U.S, New York, Bengaluru

☆ S&P 500, Nasdaq futures edge higher ahead of economic data
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +3 min

SummarySummary Companies Growth stocks rise in early tradeWalgreen Boots slides after profit warningInvestors await data, Powell speechFutures: Dow off 0.05%, S&P up 0.15%, Nasdaq climbs 0.39%June 27 (Reuters) - Futures tracking the S&P 500 and Nasdaq rose on Tuesday, ahead of economic data that could offer hints on the Federal Reserve's monetary tightening plans, while a profit warning from Walgreen Boots weighed on Dow futures. Market participants are focusing on economic data and the European Central Bank Forum in Sintra, Portugal where several key policymakers including Fed Chair Jerome Powell will speak this week. ET, Dow e-minis were down 18 points, or 0.05%, S&P 500 e-minis were up 6.75 points, or 0.15%, and Nasdaq 100 e-minis were up 58 points, or 0.39%. Snowflake (SNOW.N) climbed 3.5% after the cloud data analytics company announced partnership with Nvidia (NVDA.O) to allow customers to build AI models using their own data. Reporting by Sruthi Shankar and Ankika Biswas in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Powell, Boots, Jerome Powell, Stuart Cole, Premier Li Qiang, Bernstein, Sruthi Shankar, Ankika Biswas, Shinjini Organizations: Dow, Nasdaq, Federal, Walgreens Boots Alliance, Nvidia, European Central Bank, Dow e, Alibaba, Premier, Google, Foxconn, Thomson Locations: megacap, Sintra, Portugal, U.S, Bengaluru

☆ S&P 500 futures inch lower after Tuesday's tech-fueled rally: Live updates
▼ + stars: | 2023-06-27 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

U.S. S&P 500 futures inched lower on Tuesday night. S&P 500 futures and Nasdaq 100 futures dipped 0.16% and 0.37%, respectively. Meanwhile, the S&P 500 and the Nasdaq Composite jumped more than 1% each, buoyed by a resurgence in tech stocks after last week's selloff. Federal Reserve Chairman Jerome Powell speaks Wednesday morning before a policy panel at the European Central Bank Forum on Central Banking in Sintra, Portugal. Powell will be joined by Bank of England Governor Andrew Bailey, European Central Bank President Christine Lagarde and Bank of Japan Governor Kazuo Ueda.

Persons: selloff, Jeff deGraaf, deGraaf, Jerome Powell, CNBC's Sara Eisen, Powell, Andrew Bailey, Christine Lagarde, Kazuo Ueda, Jeff Cox Organizations: New York Stock Exchange, Nasdaq, Dow Jones Industrial, Dow Jones, Investors, Macro, Federal, European Central Bank, Central Banking, Bank of England, Bank of Japan Locations: New York City ., Sintra , Portugal

☆ Markets are pricing in rate cuts too soon, IMF's Gopinath says
▼ + stars: | 2023-06-27 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

Major central banks will have to keep interest rates high for much longer than some investors expect, Gita Gopinath, first deputy managing director of the International Monetary Fund, told CNBC Tuesday. "Now this is unlike, for instance, what several markets expect, which is that things are going to come down very quickly in terms of rates. The ECB began raising rates in July 2022 and has increased its main rate from -0.5% to 3.5% since then. Nonetheless, Fed Chairman Jerome Powell has suggested there could be at least two more rate hikes this year. In a note to clients on Friday, Nomura said it expects both the ECB and the Bank of England to announce rate cuts in about a year's time.

Persons: Gita Gopinath, Gopinath, CNBC's Annette Weisbach, Jerome Powell, Nomura Organizations: International Monetary Fund, CNBC, European Central Bank, ECB, U.S . Federal Reserve, Fed, Bank of England Locations: Sintra , Portugal, Europe

☆ Gold rises on weaker dollar; traders await data, cues from Fed
▼ + stars: | 2023-06-27 | by ( ) www.cnbc.com time to read: +2 min

Spot gold rose 0.3% to $1,928.14 per ounce by 0402 GMT while U.S. gold futures were up 0.2% to $1,937.70. "If the dollar falls but yields edge up (softer Fed tone, neutral/upbeat data), gold may stumble but remain muted as silver, platinum and palladium rise," said Ilya Spivak, head of global macro at Tastylive. "Looking ahead, (gold) will continue to try reconciling signs of a deepening slowdown in global economic activity with this hawkish central bank turn." The dollar index edged down 0.1%, making greenback-priced bullion more attractive for overseas buyers. Economic data including China's Purchasing Managers' Index, and a key U.S. inflation gauge this week could provide a clearer picture on the macroeconomic situation.

Persons: Jerome Powell's, Ilya Spivak, Jerome Powell, Spivak Organizations: Federal, Benchmark, China's, European Central Bank, Investors Locations: China, United States, U.S, Sintra

☆ Morning Bid: China supports, peak rate haze
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +4 min

It made its displeasure at further yuan weakness clear on Tuesday, lifting official daily targets while state banks sold dollars. Even though investors seemed to bat away the bizarre weekend events in Russia, the murky Western interest rate picture continues to hamper European and U.S. stocks. Central bankers meeting at an annual European Central Bank forum in Portugal dissuaded markets from betting on a peak in the interest rate cycle just yet. While those comments are likely more directed at European policymakers, where disinflation is lagging, markets also still expect the Fed to push ahead with at least one more interest rate rise next month. The hawkish rate picture didn't deter demand for two-year Treasury notes at Monday's auction, however, and 2-year yields slipped below 4.70% on Tuesday.

Persons: Mike Dolan, Li Qiang, Hong Kong's, Christine Lagarde, Lagarde, Gita Gopinath, Morgan Stanley, Emelia Sithole Organizations: Federal, Economic, Bank of Japan, European Central Bank, ECB, Conference, University of Michigan's, Dallas Federal, Richmond Fed, Central Bank, Treasury, Walgreens, Reuters, Thomson Locations: U.S, China, Beijing, Tianjin, Shanghai, Russia, Portugal, Sintra

☆ Gold prices steady on softer dollar, focus on economic cues
▼ + stars: | 2023-06-27 | by ( Arundhati Sarkar | ) www.reuters.com time to read: +2 min

Spot gold held its ground at $1,923.09 per ounce by 1200 GMT while U.S. gold futures edged down 0.1% to $1,932.90. The dollar index (.DXY) eased slightly, making dollar-priced bullion more attractive for overseas buyers. Meanwhile, Julius Baer analyst Carsten Menke said that high interest rates are offering other alternatives than gold to safe-haven seekers. Spot silver rose 0.5% to $22.88 an ounce and was on track for a third straight session of gains. Reporting by Arundhati Sarkar and Seher Dareen in Bengaluru Editing by Christina Fincher, David Goodman and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Han Tan, Jerome Powell's, Julius Baer, Carsten Menke, Arundhati Sarkar, Seher, Christina Fincher, David Goodman, Louise Heavens Organizations: Federal, Fed, European Central Bank, Thomson Locations: U.S, United States, Sintra, Bengaluru

☆ Wall Street rises after upbeat economic data, recovery in megacaps
▼ + stars: | 2023-06-27 | by ( Sruthi Shankar | ) www.reuters.com time to read: +3 min

New home sales and consumer confidence data are due later in the day. A winning run on Wall Street came to a halt last week after Powell said there were more rate hikes on the cards. Snowflake (SNOW.N) climbed 2.6% after the cloud data analytics company announced partnership with Nvidia (NVDA.O) to allow customers to build AI models using their own data. The S&P index recorded eight new 52-week highs and one new low, while the Nasdaq recorded 18 new highs and 48 new lows. Reporting by Sruthi Shankar, Johann M Cherian and Ankika Biswas in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Powell, Peter Andersen, Jerome Powell, Premier Li Qiang, Bernstein, Sruthi Shankar, Johann M Cherian, Ankika Biswas, Shinjini Organizations: Dow, Nasdaq, Commerce Department, Reuters, Fed, Andersen Capital Management, European Central Bank, Dow Jones, Nvidia, Meta, Citigroup, Alibaba, Premier, Google, Walgreens Boots Alliance, Lordstown Motors, Foxconn, NYSE, Thomson Locations: Sintra, Portugal, U.S, Bengaluru

☆ Morning Bid: World markets calm after Russia drama
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +5 min

More perplexed by events than anything else, world markets stayed relatively calm on Monday after a dramatic Russian military mutiny at the weekend was uneasily quelled. For Russian markets themselves, the rouble slipped to 15-month lows - but it too had been falling last week as oil prices ebbed. Largely now isolated from western investment, Russian stocks fell about 1%. U.S. Treasury yields slipped lower, perhaps with a smidgen of a safety bid from the weekend events helping too. Turkey's lira slid again to record lows after the central bank took steps to simplify rules governing lenders' holdings and foreign deposits after a sharp but underwhelming interest rate rise last week.

Persons: Mike Dolan, uneasily, Vladimir Putin, Leonardo, Raphael Bostic, James Bullard, Loretta Mester, Ed Osmond Organizations: Wall, Saab, Rheinmetall, Brent, . U.S, Treasury, Bank for International Settlements, HSBC, Dallas Federal, Central Bank, Central Banking, Atlanta Federal Reserve, St Louis Fed, Cleveland Fed, PMI, Thomson, Reuters Locations: U.S, Ukraine, Moscow, Shanghai, Europe, United States, ., Canary Wharf, London, Sintra, Portugal

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