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Officer Michael Fanone has said for weeks that he wanted to meet with McCarthy, who has opposed a commission and remained loyal to former President Donald Trump. Trump supporters clash with D.C. Metropolitan Police Officer Michael Fanone at the U.S. Capitol on Jan. 6, 2021. Brian Sicknick collapsed and died after engaging with the mob; a medical examiner ruled that he died of natural causes. Seven people died during and after the rioting, including Babbitt and three other Trump supporters who died of medical emergencies. In addition to Sicknick, two police officers died by suicide in the days that followed.
Persons: WASHINGTON, Kevin McCarthy, Michael Fanone, McCarthy, Donald Trump, Joe Biden’s, Trump, Shannon Stapleton, Nancy Pelosi, Fanone, Harry Dunn, Gladys Sicknick, Brian Sicknick, Trump’s, Dunn, Pelosi, “ Jan, ” Pelosi, , Chuck Schumer, hadn’t, Ashli Babbitt, , Babbitt Organizations: Republican, Capitol, D.C, Metropolitan Police, U.S, Reuters, Republicans, Capitol Police, Seven Republican, GOP, Trump, U.S . Capitol Police
REUTERS/Brendan McDermidSummary Nike, big banks set to boost DowFedEx slips after missing 2022 earnings forecastFutures up: Dow 0.42%, S&P 0.17%, Nasdaq 0.17%June 25 (Reuters) - The S&P 500 and the Nasdaq were set for record highs at open on Friday, following robust earnings forecast from Nike, while weaker-than-expected inflation data eased worries about monetary policy tightening in the near term. Inflation has been front-and-center of investors' minds, with latest personal consumption expenditures (PCE) data showing a measure of underlying inflation rose less than expected in May. Construction and mining equipment maker Caterpillar (CAT.N), farm-equipment maker Deere (DE.N) and aerospace firm Boeing (BA.N) all edged higher. ET, Dow e-minis were up 144 points, or 0.42%, S&P 500 e-minis were up 7.25 points, or 0.17%, and Nasdaq 100 e-minis were up 23.75 points, or 0.17%. Reporting by Devik Jain and Medha Singh in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.
Persons: Brendan McDermid, Chris Zaccarelli, Joe, Jerome Powell, hawkish, Morgan Stanley, Wells, Devik Jain, Medha Singh, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Nike, Dow FedEx, Dow, Nasdaq, Core PCE, Independent, Alliance, Caterpillar, Deere, Boeing, Bank of America, Nike Inc, Citigroup, JPMorgan, Fed, Dow e, FedEx Corp, United Parcel Service Inc, CarMax Inc, Russell, Thomson Locations: Bengaluru
A broader dollar retreat and a bipartisan U.S. Senate deal on infrastructure spending also boosted emerging assets, with the Thai baht strengthening from a 13-month low hit on Thursday. The country has also approved the emergency use of the COVID-19 vaccine developed by Indian vaccine developer Bharat Biotech, and will receive a million doses of AstraZeneca Plc's COVID-19 vaccine from Japan. The baht had skidded lower after Thailand's central bank on Wednesday downgraded annual growth forecasts and pledged an accommodative policy stance Political uncertainty is also weighing. Hundreds of pro-democracy protesters took to the streets on Thursday, calling for the prime minister to resign. Jakarta stocks rose nearly 1% to snap two sessions of losses, while Malaysian shares registered their best session in a week.
Persons: Soumyajit Saha, Ruben Carlo O, AstraZeneca Plc's, South Korea's, Joe Biden, Rashmi Aich Organizations: Senate, ng Pilipinas, The Union Bank of, Bharat Biotech, AstraZeneca, AstraZeneca Plc's COVID, South, Malaysian Locations: Malaysia, U.S, Manila, Asuncion, Philippines, Japan, Asia, Jakarta, China, India, Indonesia, Singapore, Taiwan, Thailand, Bengaluru
WASHINGTON — Vice President Kamala Harris, after weeks of pressure from her political opponents, will visit the U.S.-Mexico border Friday, as part of her role addressing the root causes of migration. "[Harris' trip to the border] is really about building on the work that she has been doing. Republicans criticized Harris' decision to visit El Paso rather than other parts of the state like, the Rio Grande Valley, which see significantly more border crossings. Although partisan politics are likely to hang over Harris' trip Friday, she will also be forced to confront major policy issues. Rohini Kosoglu, domestic policy adviser to the vice president and one of Harris' longest serving aides, said that Harris "has spent her career fighting for immigrants."
Persons: WASHINGTON, Kamala Harris, Harris, Alejandro Mayorkas, Sen, Dick Durbin, Veronica Escobar, Sanders, Joe Biden, , Donald Trump, Greg Abbott, Jen Psaki, Abbott, El Paso, Trump, Biden, Tyler Moran, Rohini Kosoglu Organizations: El, El Paso Central Processing Center, Customs, Protection, Department of Homeland, Republicans, NBC, Texas Gov, House Republican, White, Republican, Biden, Domestic Locations: U.S, Mexico, El Paso, Illinois, Texas, Central America, Guatemala, Europe, Rio Grande, El, California, United States, Covid
Thermal-Coal Prices Hit Decade High Amid Gas Shortage
  + stars: | 2021-06-25 | by ( Joe Wallace | ) sentiment -0.98   time to read: +1 min
Coal prices have climbed to their highest level in a decade, making the fuel a hot commodity in a year when governments are pledging reductions in carbon emissions. A shortfall of natural gas, rebounding electricity usage and scanty rainfall in China have lifted demand for thermal coal. Coal delivered into northwest Europe earlier this month hit its highest price since November 2011, having climbed 64% in 2021. Prices for coal exported from Newcastle in Australia, most of which heads to Asia, have risen 56%, according to Argus Media. But analysts say spurts of demand, coupled with a dearth of investment in new supplies, could lead to spells of higher prices.
Organizations: Argus Media, International Energy Agency Locations: China, Colombia, Indonesia, Australia, Europe, Newcastle, Asia
European shares near record high as industrials jump
  + stars: | 2021-06-25 | by ( Reuters Staff | ) sentiment -1.00   time to read: +1 min
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)June 25 (Reuters) - European shares inched towards a record high on Friday as construction-related stocks tracked a jump on Wall Street on the back of an infrastructure bill, while Credit Suisse rose after a Reuters report it was considering a potential merger with UBS. The scandal-hit Swiss bank was up 2.0% and among the biggest boosts to the STOXX 600 as the report said Credit Suisse’s management was under pressure to come up with an overhaul plan. UBS shares were down 0.1%. German stocks were flat even as a report showed consumer sentiment improved more than expected heading into July. (Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Shounak Dasgupta)
Persons: Joe Biden, Sagarika, Shounak Dasgupta Organizations: Credit Suisse, UBS, Amigo Locations: U.S, Bengaluru
The scandal-hit Swiss bank (CSGN.S) was up 2.1% as the report said Credit Suisse's management was under pressure to come up with an overhaul plan. The STOXX 600 fell sharply from record highs last week after a surprisingly hawkish tone from Fed officials roiled global financial markets. Other so-called value stocks including miners (.SXPP) and energy (.SXEP) were also among the top gainers on the week. Construction-related stocks (.SXOP) added 0.6% following a jump in the U.S. infrastructure sector as U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal. read moreGerman stocks (.GDAXI) fell 0.1% even as a report showed consumer sentiment improved more than expected heading into July.
Persons: Banks, Amigo, Michael Hewson, Joe Biden, Sagarika, Shounak Dasgupta Organizations: REUTERS, Credit Suisse, Reuters, UBS, U.S . Federal Reserve, PCE, CMC, European Central Bank, Bank of England, FTSE, Amigo Holdings, Thomson Locations: Frankfurt, Germany, Europe, U.S, Bengaluru
S.Korean stocks end at record high, post sixth straight weekly gain
  + stars: | 2021-06-25 | by ( Reuters Staff | ) sentiment -0.97   time to read: +2 min
The won strengthened and the benchmark bond yield rose. ** The KOSPI closed up 16.74 points, or 0.51%, at 3,302.84, extending gains to a fourth straight session. ** For the week, it gained 1.07%, the sharpest in three weeks and following a 0.57% gain a week earlier. ** It rose 0.41% for the week, rebounding from a 1.90% decline in the previous week. ** The most liquid 3-year Korean treasury bond yield rose by 4.4 basis points to 1.428%, while the benchmark 10-year yield rose by 4.9 basis points to 2.106%.
Persons: Joe Biden, LG Chem, 1,127.3300, Joori Roh Organizations: Korean, U.S, Nasdaq, Samsung Electronics, SK Hynix, LG Locations: Korea, SEOUL, Korean
Japan stocks track Wall Street's solid finish to close week higher
  + stars: | 2021-06-25 | by ( Reuters Staff | ) sentiment -1.00   time to read: +2 min
The Nikkei share average rose 0.66% to close at 29,066.18, while the broader Topix advanced 0.80% to 1,962.65. For the week, the Nikkei gained 0.35% to climb just above the 29,000-mark, which market participants said has become a psychological barrier as Japan’s outlook of an economic recovery remains uncertain. “Today’s (Friday) market is tracking Wall Street’s strong gains. Technology stocks also advanced, with Tokyo Electron rising 0.7%, Advantest jumping 1.5%, Fanuc gaining 1.66%. Mazda Motor Corp, up 8.7%, gained the most on the Nikkei, followed by Kobe Steel rising 4.8%.
Persons: Dow, Joe Biden, “ Today’s, ” Shoichi Arisawa Organizations: Nikkei, Nasdaq, U.S, IwaiCosmo Securities, , Tokyo Stock, Panasonic, Toshiba, Mazda Motor Corp, Kobe Steel, Mitsui OSK Lines Locations: TOKYO, Japan, U.S, Tokyo
Amazon, Google Probed in U.K. Over Fake Reviews
  + stars: | 2021-06-25 | by ( Adria Calatayud | Joe Hoppe | ) sentiment -0.99   time to read: +1 min
com Inc. and Google are doing enough to crack down on fake reviews, adding a new layer to regulatory scrutiny of U.S. tech giants. The move comes amid recent investigations into Silicon Valley’s market power and privacy practices, turning the spotlight to misleading online reviews. The coronavirus pandemic has prompted a shift to online consumption, increasing consumers’ reliance on online reviews to decide on product purchases. The CMA’s decision follows an initial investigation, opened in May 2020, assessing several platforms’ internal systems and processes for spotting and dealing with fake reviews. The work raised concerns that Amazon and Google weren’t doing enough to detect fake and misleading reviews and suspicious behavior, investigate and promptly remove fake reviews, or impose adequate sanctions on reviewers or businesses to deter them.
Organizations: Inc, Google, Markets
FOREX-Dollar dips, but with a wary eye on U.S. inflation data
  + stars: | 2021-06-25 | by ( Tom Westbrook | ) + 0.00   time to read: +3 min
The risk-sensitive Antipodean currencies rose very slightly, while the euro gained 0.1% to $1.1940 and the yen rose by about the same margin to 110.80 per dollar. “The dollar can jump if inflation surprises to the upside,” said Joe Capurso, head of international economics at the Commonwealth Bank of Australia in Sydney. “Upside inflation surprises have been the trend in the U.S. recently,” he added. The Australian dollar rose 0.1% to $0.7591. Bank of England policymakers even warned against “premature tightening” and the pound was the worst performing G10 currency on Thursday.
Persons: , Joe Capurso, John Williams, Khoon Goh, ” Goh, it’s, Bitcoin Organizations: Federal Reserve, Commonwealth Bank of Australia, U.S ., Reuters, New York Federal Reserve Bank, New Zealand, South Korean, ANZ, Bank of England, of England Locations: 2RBWI5E SINGAPORE, Asia, Sydney, U.S, New, Mexico
The yuan opened at 6.4639 per dollar and was changing hands at 6.4642 at midday. The People's Bank of China (PBOC) set the midpoint rate at 6.4744 per dollar prior to market open, firmer than the previous fix of 6.4824. Negative number indicates that spot yuan is trading stronger than the midpoint. The People's Bank of China (PBOC) allows the exchange rate to rise or fall 2% from official midpoint rate it sets each morning. OFFSHORE CNH MARKET Instrument Current Difference from onshore Offshore spot yuan 6.467 -0.04% * Offshore 6.6349 -2.42% non-deliverable forwards ** *Premium for offshore spot over onshore **Figure reflects difference from PBOC's official midpoint, since non-deliverable forwards are settled against the midpoint.
Persons: PBOC, Joe Biden Organizations: U.S, Federal Reserve, People's Bank of China, greenback, HSBC, Fed, Investors, Thomson, SHANGHAI Locations: SHANGHAI, U.S
The Thai baht strengthened slightly after hitting 13-month lows this week after the central bank downgraded its annual growth forecasts. But the baht was still on track to shed more than 1% for the second consecutive week, while Thai stocks rose marginally after six straight sessions of losses. Elsewhere in Asia, stocks rose in Indonesia and Manila, tracking U.S. indexes which hit record highs overnight after President Joe Biden embraced a bipartisan Senate infrastructure deal. Taiwan stocks rose over 1% to their highest in more than a month, while the Taiwan dollar also strengthened to register its best session in two weeks. The won was set for a modest weekly gain after weakening nearly 2% last week.
Persons: Soumyajit Saha, Phillip, Joe Biden, South Korea's, Ana Nicolaci da Organizations: Taiwan, ng Pilipinas, ING, U.S . Federal, Phillip Securities, South Locations: Philippine, Thailand, Asia, Indonesia, Manila, Taiwan, Japan, China, India, Malaysia, Philippines, Singapore, Bengaluru, Ana Nicolaci da Costa
S&P 500 on Track for Best Week Since April
  + stars: | 2021-06-25 | by ( Joe Wallace | ) sentiment -0.64   time to read: +1 min
U.S. stock futures edged higher Friday, putting the S&P 500 on track to close out its best week in more than two months amid renewed confidence in the global economic expansion. Futures for the S&P 500 ticked up less than 0.1% a day after the broad stocks gauge posted a record closing high for the 30th time in 2021. Stocks have bounced back, pushing the S&P 500 up 2.4% through Thursday, after stumbling when the Federal Reserve signaled a more hawkish stance on rising inflation last week. “It is natural that you’ll see very mini wobbles [in stocks] from time to time,” Mr. Redha added. “But the fundamental support—that things are improving and the numbers are getting better—is going to dominate that.”
Persons: , Hani Redha, ” Mr, Redha Organizations: Dow Jones, Nasdaq, Federal Reserve, PineBridge Investments Locations: U.S, Europe
Florida condo collapse: Family, friends of the missing cling to hope
  + stars: | 2021-06-25 | by ( ) + 0.00   time to read: +4 min
SURFSIDE, FLA. — As crews worked through the night searching for nearly 100 people unaccounted for after the collapse of a 12-story condo building in Florida, their loved ones clung to hope. The doctor, singer and their daughter, who Fernadez called exceptional people, were in Florida to escape the Covid-19 pandemic in Argentina. Rubble hangs from a partially collapsed building in Surfside north of Miami Beach, on June 24, 2021. Moreno got a call from another friend around 6 a.m. Thursday, asking if he had heard about the collapse. Moreno realized it was his friend's building, but it wasn't until he called his friend's sister that he learned he was missing.
Persons: , Nicholas Fernandez, Fernadez, Eva Marie Uzcategui, it's, Alan Cominsky, Daniella Levine Cava, Rolando Moreno, Moreno, Silvana López Moreira, Euclides Acevedo, Jenny Urgelles, Ron DeSantis, Joe Biden, Pablo Rodriguez, Rodriguez, creaking, weren't Organizations: Miami Beach, Getty, Dade Fire, Dade, NBC Miami Locations: FLA, Florida, Argentina, Surfside, Miami, AFP, Dade County, Paraguay, United States, South Florida, recertification
Indian shares rise on financials, post weekly gains
  + stars: | 2021-06-25 | by ( Reuters Staff | ) sentiment -0.98   time to read: +2 min
BENGALURU (Reuters) - Indian shares closed higher on Friday, booking their fifth weekly gain in six weeks as falling COVID-19 cases and surge in vaccinations boosted confidence in an economic recovery. FILE PHOTO: A security guard walks past the logo of the National Stock Exchange (NSE) inside its building in Mumbai, India, May 28, 2019. REUTERS/Francis Mascarenhas/File Photo/File PhotoDriven by gains in heavyweight financials, the blue-chip NSE Nifty 50 index ended 0.44% higher at 15,860.35 and the benchmark S&P BSE Sensex rose 0.43% to 52,925.04. [MKTS/GLOB]In Mumbai trading, the Nifty Bank index rose 1.54%, with private-sector lenders ICICI Bank and Axis Bank being the top two boosts to the Nifty 50. Ambani added that Aramco Chairman Yasir Al-Rumayyan would join the Indian firm’s board as an independent director.
Persons: Francis Mascarenhas, Joe Biden, Tata Steel, Mukesh Ambani, Ambani, Yasir Al, Rumayyan, Ashok Leyland Organizations: National Stock Exchange, REUTERS, BSE, ICICI Bank, Axis Bank, Tata, Reliance Industries, Saudi Aramco, Indian Locations: BENGALURU, Mumbai, India
Japanese shares track Wall St higher, cautious outlook caps gains
  + stars: | 2021-06-25 | by ( Reuters Staff | ) sentiment -1.00   time to read: +2 min
TOKYO, June 25 (Reuters) - Japanese shares rose on Friday, led by cyclical and technology stocks, as markets tracked a strong finish on Wall Street, although the gains were capped by a cautious outlook of U.S. equities and worries around the domestic economy’s recovery. “Today’s (Friday) market is tracking Wall Street’s strong gains. Technology stocks also advanced, with Tokyo Electron rising 0.99%, Advantest jumping 2.0%, Fanuc gaining 0.46%. Nikkei’s 29,000-mark has become a psychological barrier as Japan’s outlook of an economic recovery remains uncertain, market participants said. Mazda Motor Corp, up 6.35%, gained the most on the Nikkei, followed by Panasonic and Fujikura which rose 3.91%.
Persons: Dow, Joe Biden, “ Today’s, , Shoichi Arisawa Organizations: Nikkei, Nasdaq, U.S, IwaiCosmo Securities, , Tokyo Stock, Panasonic, Mazda Motor Corp, Eisai, Mitsui OSK Lines, Nippon Yusen Locations: TOKYO, Japan, U.S, Tokyo
Democrats and Republicans alike agree that there’s been a serious spike in violent crime over the last couple of years — the highest in more than a decade. Biden deserves kudos for standing up to his party’s loud progressive wing and insisting on taking action before more Americans needlessly die. The White House’s fact sheet on Biden’s crime-fighting plan talks of “gun violence resulting from the pandemic,” “gun violence exacerbated by the pandemic” and “gun violence associated with the pandemic.” In fact, the homicide spike “actually began in 2019, prior to the pandemic,” noted the National Commission on Covid-19 and Criminal Justice, a bipartisan panel assessing the pandemic’s effect on the justice system. More Americans believe violent crime is a “very big problem” than think the same about the coronavirus, a recent Yahoo News/YouGov poll found. In fact, violent crime was respondents’ top concern, beating the economy and race relations.
Persons: there’s, Biden, Joe Biden, , , , , ” that’s, they’ve, Derek Chauvin, George Floyd, ” Biden, Bill de Blasio, Eric Adams, Maya Wiley, Adams, who’s, Dermot Shea Organizations: National Commission, Minneapolis City Council, New York Police Department, Democrats, Yahoo, defunded, USA, New, Democratic, NYPD Locations: America, Covid, Minneapolis, New York, New York City, Brooklyn
Rudy Giuliani was suspended from practicing law in New York over statements he made about the election on Thursday. His son Andrew Giuliani took to a parking lot to release a statement in defense of his father. The video was reminiscent of another Giuliani parking lot moment: Rudy's appearance at Four Seasons Total Landscaping. Andrew Giuliani, son of former New York mayor Rudy Giuliani, had some things to say about his father's recent troubles — and a vaguely familiar place from which to say them. The statement was reminiscent of an infamous press conference given by Rudy from another remarkable parking lot.
Persons: Rudy Giuliani, Andrew Giuliani, Rudy, Andrew, Donald Trump, Trump's, President Trump, Chris McGrath, Joe Biden, Trump Organizations: New, Twitter, Taco, Taco Bell Locations: New York, Manhattan, Philadelphia , Pennsylvania, Philadelphia, Taco
Lawmakers want to make COVID-19 vaccines available to Americans living abroad. Now a bipartisan group of lawmakers is urging the administration to help make vaccines available to the as many as 9 million Americans living abroad. "While Americans abroad are eligible to receive vaccines in some countries, in others, Americans are ineligible as non-citizens," the senators wrote. "Should Americans living abroad wish to travel to the US to receive the vaccine, the financial burden of travel as well as lengthy quarantine requirements upon return to their host country may be prohibitive." Accordingly, the senators wrote, "millions of Americans abroad worry they may not have access to a vaccine for months or even years."
Persons: Joe Biden's, Antony Blinken, Chris Murphy, Jerry Moran, Michael George DeSombre, Scott Brown, , Michael G, Hearh Organizations: State Department, Insider, Service, COVID, Sens, Republican, Reuters, Embassy Locations: United States, States, Connecticut, Kansas, Thailand, Thailand's
He seemed skeptical of arguments from lawyers for Rudy Giuliani, Mike Lindell, and Sidney Powell. Dominion sued Giuliani, Powell, and MyPillow in three separate lawsuits filed in January and February, each one alleging $1.3 billion in damages. Attorneys for Giuliani, Powell, and Lindell have submitted a wide variety of legal defenses in recent months asking Nichols to throw out the lawsuits. Joe Sibley, representing Giuliani, said Dominion couldn't show evidence it had lost government contracts because of the Trump lawyer's allegations. Aside from their federal lawsuits with Dominion, each of the conspiracy theorists faces other headaches.
Persons: Rudy Giuliani, Mike Lindell, Sidney Powell, Carl J, Nichols, Giuliani, Powell, Donald Trump, Lindell, , Thomas Clare, Howard Kleinman, Powell's, Douglas Daniels, Joe Sibley, Dominion's Organizations: Dominion, Trump, Service, Dominion Voting Systems, US, Giuliani, Lindell, MyPillow, Justice Department Locations: Washington ,, York, Ukraine, Smartmatic, cahoots, Minnesota
Hong Kong's Hang Seng index jumps 1% as Asia-Pacific stocks rise
  + stars: | 2021-06-25 | by ( Eustance Huang | ) sentiment -0.82   time to read: +1 min
SINGAPORE — Asia-Pacific stocks jumped in Friday trade after the S&P 500 rose to a record closing high overnight stateside. Hong Kong's Hang Seng index led gains among the region's major markets, jumping 1.14% by the afternoon. The broader Hang Seng Tech index gained 2.21%. XPeng launches Hong Kong offeringChinese electric vehicle maker XPeng on Friday announced the launch of its Hong Kong public offering. S&P 500 record closeOvernight on Wall Street, the S&P 500 gained 0.58% to a new record closing high of 4,266.49.
Persons: Alibaba, XPeng, Joe Biden Organizations: Seng, Nikkei, Hong Kong, Friday, CNBC, HK, Dow Jones Industrial, Nasdaq, U.S, White Locations: SINGAPORE — Asia, Pacific, Shanghai, Shenzhen, Australia, Asia, Japan, Hong, U.S, Hong Kong
U.S. House committee to consider sweeping China bill next week
  + stars: | 2021-06-25 | by ( ) sentiment -0.93   time to read: +1 min
Socially distanced members of Congress stand as US President Joe Biden addresses a joint session of Congress at the US Capitol in Washington, DC, on April 28, 2021. The U.S. House of Representatives Foreign Affairs Committee has scheduled a meeting on Wednesday to consider sweeping legislation to boost economic competitiveness and push Beijing on human rights, part of an ongoing effort in Congress to address competition with China. The Senate on June 8 passed by a strong bipartisan 68-32 majority its own sweeping China bill, the "U.S. House leaders opted not to take up and consider the Senate's legislation. House committees have instead been working on their own legislation, a process that could mean a months-long wait for any bill to be sent to the White House for Biden to sign into law.
Persons: Joe Biden, Joe Biden's, Gregory Meeks, Biden Organizations: U.S . House, Representatives Foreign, China, American Global Leadership, Congress, Foreign Affairs, Innovation, White Locations: Washington ,, Beijing, China, U.S
Dollar firm as traders brace for U.S. inflation data
  + stars: | 2021-06-25 | by ( ) + 0.00   time to read: +3 min
The U.S. dollar held near multi-month highs on Friday as investors warily awaited U.S. inflation data, while the pound nursed modest losses after Bank of England (BoE) policymakers leaned away from flagging rate rises. "The dollar can jump if inflation surprises to the upside," said Joe Capurso, head of international economics at the Commonwealth Bank of Australia in Sydney. The stronger dollar has kept other majors in check through the week, even against currencies where rate rises are likely to land sooner than in the United States. With risk appetite looking resilient, any narrowing in this gap probably depends on how far the (Fed)-inspired U.S. dollar recovery can extend." In emerging markets, the Mexican peso surged to a two-week high following a surprise benchmark interest rate hike.
Persons: warily, BoE, Jerome Powell, Joe Capurso, Sean Callow, Sterling, Tapas Strickland Organizations: U.S, Bank of England, U.S . Federal Reserve, Reuters, Commonwealth Bank of Australia, U.S ., New Zealand, Westpac, National Australia Bank Locations: Asia, Sydney, U.S, United States, Australia
China listing frenzy in U.S. set to be boosted by Didi IPO
  + stars: | 2021-06-25 | by ( Scott Murdoch | ) + 0.00   time to read: +4 min
A woman rides a Didi shared bicycle past the headquarters of Didi Chuxing in Beijing, China November 20, 2020. The rush of listings happened despite continued political tension between the two countries under President Joe Biden, and the looming threat of U.S. kicking out Chinese companies if they fail to meet auditing standards. The biggest Chinese listing in the United States so far this year was Full Truck Alliance (YMM.N), sometimes referred to as "Uber for trucks", which raised $1.6 billion earlier this week. Technology deals accounted for 24% of Asia IPOs in the first half and prospect of more emerging in the second half remains strong, according to Refinitiv data. Reporting by Scott Murdoch in Hong Kong; Editing by Sumeet ChatterjeeOur Standards: The Thomson Reuters Trust Principles.
Persons: Didi, Didi Chuxing, Florence, Didi Chuxing's, Joe Biden, Ivy Wong, Baker, Biden, Donald Trump, Uber, Alibaba, dealmakers, Alex Abagian, Morgan Stanley, Peter Cheng, Scott Murdoch, Sumeet Chatterjee Organizations: REUTERS, New, Holding Foreign Companies, Technology, Asia Pacific, Deacons, Thomson Locations: Beijing, China, HONG KONG, New York, United States, ASIA, Asia, Asia Pacific, Japan, Hong Kong
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