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☆ Russia accuses U.S., U.K of 'trying to provoke conflict' after Black Sea warship incident
▼ + stars: | 2021-06-25 | by ( ) www.nbcnews.com sentiment -0.99 time to read: +2 min

MOSCOW — Russia accused Britain and the United States on Friday of trying to incite conflict in the Black Sea and said it would defend its borders using all possible means, including military force. Russia claims the U.K.'s HMS Defender violated its border near Cape Fiolent in Crimea on Wednesday. "Washington and London are denying reality... they are trying to provoke conflict," he said. It confirmed a British destroyer, HMS Defender, had sailed through what it described as waters belonging to Ukraine. The British embassy in Tbilisi, the Georgian capital, wrote on Twitter on Friday that HMS Defender was set to arrive in the port city of Batumi on the eastern coast of the Black Sea.

Persons: Britain, Sergei Ryabkov, Ryabkov Organizations: British, Russian Federal Security Service, TASS Russia, NBC, HMS, Twitter, Russia's Defence Ministry Locations: MOSCOW, Russia, United States, Moscow, Britain, Crimea, Russian, Washington, London, Cape Fiolent, Ukraine, British, Tbilisi, Batumi, Syria's

☆ House GOP leader McCarthy to meet with Capitol officer hurt on Jan. 6
▼ + stars: | 2021-06-25 | by ( The Associated Press | ) www.nbcnews.com + 0.00 time to read: +6 min

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

☆ Dollar edges lower ahead of U.S. inflation data
▼ + stars: | 2021-06-25 | by ( Ritvik Carvalho | ) www.reuters.com + 0.00 time to read: +3 min

LONDON (Reuters) - The dollar drifted lower in Europe on Friday as an agreement on U.S. infrastructure spending underpinned appetite for riskier currencies, but caution ahead of key U.S. inflation data kept losses to a minimum. FILE PHOTO: An employee counts U.S. dollar bills at a money exchange in central Cairo, Egypt, March 20, 2019. REUTERS/Mohamed Abd El GhanyThe risk-sensitive Antipodean currencies rose, as did the euro, gaining 0.1% to $1.1943, and the Japanese yen, which rose by about the same margin to 110.77 per dollar. “...The consensus is already expecting quite a large increase in the May PCE inflation data - looking for 3.9% YoY headline and 3.4% YoY core,” said strategists at ING in a note to clients. The Australian dollar rose 0.2% to $0.7595.

Persons: Mohamed Abd El Ghany, ”, John Williams, Khoon Goh, ” Goh, it’s, Bitcoin Organizations: REUTERS, Federal Reserve, Reuters, ING, New York Federal Reserve Bank, New Zealand, South Korean, ANZ, Bank of England, of England Locations: Europe, Cairo, Egypt, New, Asia, U.S, Mexico

☆ UPDATE 1-Euro zone bond yields edge up ahead of U.S. inflation data
▼ + stars: | 2021-06-25 | by ( Yoruk Bahceli | ) www.reuters.com + 0.00 time to read: +2 min

* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Adds details, updates prices)June 25 (Reuters) - Euro zone bond yields edged up on Friday ahead of U.S. inflation data that will give the latest steer on price pressures as economies bounce back from the coronavirus slump. Following a hefty sell-off last week after U.S. Federal Reserve policymakers brought forward their first projected rate hike to 2023 from 2024, euro zone bond markets calmed this week as they adapted to the Fed’s messaging. With little data coming out of the single currency bloc, euro area bond yields were steady in early Friday trade. In the primary market, Italy raised 3.75 billion euros from the auction of a bond due Nov 2022 and an inflation-linked 30-year bond in an auction. Southern European bond yields rose and Italian bonds underperformed the market, with 10-year yields up nearly 3 basis points to 0.89% as investors digested further Italian supply.

Persons: ”, Michael Leister, Isabel Schnabel Organizations: Federal Reserve, Reuters, “, U.S, Southern, European Central Bank Locations: Italy

☆ At a summer camp, juice boxes and bitcoin mining
▼ + stars: | 2021-06-25 | by ( David Ingram Covers Tech For Nbc News. | ) www.nbcnews.com + 0.00 time to read: +3 min

Any company and any store is going to accept bitcoin or some type of digital currency.”Roberts’ camp may be the only one of its kind in the U.S., though it’s beginning to inspire others, especially among Black bitcoin investors. Isaiah Jackson, author of the book “Bitcoin & Black America” and a bitcoin podcaster, said he plans to start taking sign-ups next week for an online-only cryptocurrency camp in July. “They’ve seen digital money. Of the five students in her first camp, four had parents who own digital currency, she said. But already, she added, “A couple of them had a little crypto that their parents had bought for them.”At the Los Angeles camp, children displayed how much they already knew.

Persons: Whitt, Roberts, ”, “, ” Roberts, Black, Isaiah Jackson, don’t, “ Bitcoin’s, Jackson, they’ve, Najah J, Crypto, Maggie Shannon, Shiba, Ciris Hendricks Organizations: Santa Monica College, America, NBC News, ”, Los Locations: U.S, San Francisco, San Pedro, Florida, Los Angeles, Covid, ”

☆ Taiwan, U.S. to hold long-stalled trade talks next week
▼ + stars: | 2021-06-25 | by ( Reuters Staff | ) www.reuters.com sentiment -0.96 time to read: +2 min

TAIPEI (Reuters) - Taiwan and the United States will hold trade talks next week, the de facto U.S. embassy in Taipei said on Friday, resuming long-stalled discussions as Washington seeks to deepen its support for the Chinese-claimed island. FILE PHOTO: Flags of Taiwan and U.S. are placed for a meeting in Taipei, Taiwan March 27, 2018. The Office of the U.S. Trade Representative and Taiwan’s Office of Trade Negotiations will serve as the “chief consultants” for the talks, it added. Taiwan had been cautiously optimistic about resuming the high level trade talks with Washington this year after U.S. Secretary of State Antony Blinken signalled a possible resumption this month. While Taiwan is a member of the World Trade Organization, many countries are wary of signing trade deals with the tech powerhouse fearing objections from China, though Taiwan does have free trade deals with Singapore and New Zealand.

Persons: Tyrone Siu, Barack Obama, Donald Trump’s, Robert Lighthizer, Brent Christensen, Hsiao, ”, Antony Blinken, Biden Organizations: U.S, REUTERS, Tyrone Siu The Trade, American Institute, U.S . Trade, Taiwan’s, Trade, World Trade Organization, New Zealand, Washington Locations: TAIPEI, Taiwan, United States, Taipei, Washington, U.S, China, Beijing, Singapore, New

☆ S&P 500 Opens Higher to Extend Weekly Gains
▼ + stars: | 2021-06-25 | by ( Joe Wallace | ) www.wsj.com + 0.97 time to read: +1 min

U.S. stocks edged higher Friday, heading for their best week in more than two months amid renewed confidence in a global economic expansion. The S&P 500 climbed 0.2%, a day after the broad stocks gauge posted a record closing high for the 30th time in 2021. Stocks have rallied, pushing the S&P 500 up 2.4% through Thursday, after stumbling when the Federal Reserve signaled it was concerned about 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: Stocks, they’ve, ”, Hani Redha, ” Mr, Redha Organizations: Dow Jones, Nasdaq, Federal Reserve, PineBridge Investments Locations: U.S, Europe

☆ Coal Prices Hit Decade High Despite Efforts to Wean the World Off Carbon
▼ + stars: | 2021-06-25 | by ( Joe Wallace | ) www.wsj.com 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. Prices for coal exported from Newcastle in Australia, most of which heads to Asia, have risen 56%, according to Argus Media. The upswing in fuel markets is contributing to higher electricity prices in the U.S. and Europe. 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, U.S, Central

☆ PRECIOUS-Gold gains on dollar dip, while focus turns to inflation
▼ + stars: | 2021-06-25 | by ( Arundhati Sarkar | ) www.reuters.com sentiment -1.00 time to read: +2 min

Spot gold gained 0.4% to $1,783.02 per ounce at 0910 GMT, and was up over 1% for the week. While the weaker dollar is helping, gold is struggling to regain investor confidence after last week’s U.S. Federal Reserve meeting, Commerzbank analyst Daniel Briesemann said. A surprise hawkish tilt from the Fed had driven a sharp slide in bullion. However, the spending plan should be positive for gold, as it has to be financed to a large extent with higher debt, Briesemann added. Progress on the plan weighed on the dollar index, making gold cheaper for those holding other currencies, ahead of U.S. producer price data that could paint a clearer picture on rising inflation.

Persons: Daniel Briesemann, Briesemann, Jerome Powell, Giovanni Staunovo, Arundhati Sarkar, Alexander Smith Organizations: U.S, Federal Reserve, Fed, UBS Locations: Bengaluru

☆ EMERGING MARKETS-FX set for robust weekly gains on interest rate hikes
▼ + stars: | 2021-06-25 | by ( Ambar Warrick | ) www.reuters.com + 0.00 time to read: +3 min

Lower U.S. Treasury yields make emerging market currencies look more attractive. In Europe, Hungary’s central bank was the first to kick off a hiking cycle, having raised rates by 30 basis points to 0.9%. The Czech crown was set to add 1.1% this week after the central bank raised rates by 25 basis points to 0.50%. Argentine markets were in focus after MSCI said it will reclassify its Argentina index to Standalone Markets status, from Emerging Markets, citing issues over strict capital controls. For GRAPHIC on emerging market FX performance in 2021, see tmsnrt.rs/2egbfVh For GRAPHIC on MSCI emerging index performance in 2021, see tmsnrt.rs/2OusNdXFor TOP NEWS across emerging marketsFor CENTRAL EUROPE market report, seeFor TURKISH market report, seeFor RUSSIAN market report, see

Persons: “, Commerzbank, MSCI Organizations: U.S . Federal Reserve, Treasury, Fed, Emerging, JPMorgan, CENTRAL Locations: Hungarian, Argentina, Europe, East, Africa, Lower U.S, Czech, Philippine, Thai, Moscow, outflows

☆ U.S. and Taiwan Set Date to Revive Trade and Investment Talks
▼ + stars: | 2021-06-25 | by ( Chao Deng | ) www.wsj.com sentiment -0.96 time to read: +1 min

TAIPEI—The U.S. will revive trade and investment talks with Taiwan next week in a move intended to draw Washington and Taipei closer that also is likely to irk Beijing. The de facto U.S. embassy in Taipei, the American Institute of Taiwan, said Friday that its director, Brent Christensen, and Taiwan’s representative in the U.S., Bi-Khim Hsiao, will convene a meeting by videoconference Wednesday with participants from the Office of the U.S. Trade Representative and Taiwan’s trade office. An announcement was anticipated after Secretary of State Antony Blinken said earlier this month that Washington planned to engage with Taiwan soon on trade, without sharing a timeline. The two sides will engage under a trade and investment framework first signed in 1994. Such agreements create the basis for recurring dialogue on trade issues, and sometimes serve a precursor to full-fledged free-trade agreements.

Persons: Brent Christensen, Hsiao, Antony Blinken, Ministry didn’t Organizations: Taiwan, U.S, American Institute of, U.S ., videoconference, U.S . Trade, Taiwan’s, Ministry Locations: TAIPEI, The U.S, Washington, Taipei, Beijing, American Institute of Taiwan, U.S, Taiwan

☆ HK stocks end higher on tech, materials boost; post weekly gains
▼ + stars: | 2021-06-25 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98 time to read: +2 min

** The Hang Seng index ended up 405.76 points or 1.4% at 29,288.22. The Hang Seng China Enterprises index rose 1.88% to 10,878.45. ** Leading the gains, the Hang Seng tech index and the Hang Seng materials index climbed 2.4% and 3.3%, respectively. ** The sub-index of the Hang Seng tracking energy shares rose 1.7%, while the IT sector rose 3.1%, the financial sector ended 0.75% higher and the property sector rose 0.18%. ** The top gainer on the Hang Seng was Meituan, which gained 4.76%, while the biggest loser was Sunny Optical Technology Group Co Ltd, which fell 1.58%.

Persons: HSI, Jerome Powell, Biden Organizations: HK, Shanghai, Stock, Seng China Enterprises, Optical Technology, Co, Hong, U.S . House, Representatives Foreign, Silicon Industry Locations: Shanghai, China, Hong Kong, U.S, Beijing, Xinjiang

☆ EMERGING MARKETS-Philippine stocks jump on vaccine hopes, dovish c.bank
▼ + stars: | 2021-06-25 | by ( Soumyajit Saha | ) www.reuters.com + 0.00 time to read: +3 min

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

☆ Column: Only half time in public debt match
▼ + stars: | 2021-06-25 | by ( Mike Dolan | ) www.reuters.com + 0.00 time to read: +6 min

But it ups the ante on public debt even further. If additional debt-financed spending can lift economic potential without stoking inflation, decades of trepidation over unchecked public debt loads moving from crisis to crisis may well have been wide of the mark and a different regime of high but manageable public debt at hand. Persistently high inflation surprises and full passage of U.S. spending bills could challenge that market stability, they add, but that’s “a limited risk” at this stage. Parsing differing arguments on measuring sovereign debt sustainability, the effects of high debt on growth, possible tipping points and debt dynamics of ageing societies, the piece concluded with pretty stark warnings about the trajectory. “This ‘low interest rate/high public debt’ equilibrium is fragile, as it crucially hinges on a continuation of low inflation,” wrote Deutsche economist Sebastian Becker.

Persons: Michael Oliver, Lars Baron, stokes, what’s, “, busily, Christian Keller, Akash Utsav, ”, that’s, PIMCO’s Tiffany Wilding, Andrew Balls, Sebastian Becker Organizations: Soccer Football, Saint Petersburg, REUTERS, European, Barclays, JPMorgan, Deutsche Bank, Deutsche, Reuters Locations: Sweden, Poland, Saint Petersburg, Russia, hove, Britain, Cornwall, CORNWALL, U.S, United States, France, Italy, Germany

☆ Vaccinated People Account for Half of New Covid-19 Delta Cases in Israeli Outbreak
▼ + stars: | 2021-06-25 | by ( Dov Lieber | ) www.wsj.com sentiment -0.99 time to read: +1 min

Preliminary findings by Israeli health officials suggest about 90% of the new infections were caused by the Delta variant, according to Ran Balicer, who leads an expert advisory panel on Covid-19 for the government. Around half of those infected were fully vaccinated, he said. Israel is now reassessing its Covid-19 regulations after moving to open up its society and economy after multiple lockdowns last year. “The entrance of the delta variant has changed the transition dynamics,” said Prof. Balicer, who is also the chief innovation officer for Israel’s largest health-management organization, Clalit. The Delta variant, which first emerged in India in late 2020 and is also known as B.1.617.2, has now been detected in more than 70 countries.

Persons: Ran Balicer, ”, Balicer Organizations: Pfizer Inc Locations: TEL AVIV, Israel, India, U.S

☆ Sterling set for worst month vs dollar since September
▼ + stars: | 2021-06-25 | by ( Joice Alves | ) www.reuters.com sentiment -1.00 time to read: +2 min

* Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh* Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9HvLONDON, June 25 (Reuters) - Sterling edged lower on Friday and was on track for its worst month versus the dollar since September after the Bank of England kept its policy unchanged. Investors had hoped a more optimistic economic assessment from the BoE would push sterling back towards $1.40. Sterling was down 0.1% versus the dollar at $1.3910 at 0824 GMT, and it was on track for its worst month against the greenback since September 2020. Earlier this month, sterling dropped below $1.38 against a strengthening dollar after the U.S. Federal Reserve surprised markets by signalling it would raise interest rates and end emergency bond-buying sooner than expected. Versus the euro, the pound was 0.2% lower at 85.84 pence, but was still set for a weekly gain.

Persons: BoE, Sterling, Joice Alves, Pravin Char Organizations: Sterling, Bank of England, ING, Investors, U.S . Federal Reserve, European Union Locations: Britain, England, British, Northern Ireland, EU

☆ Harris to make politically fraught trip to U.S.-Mexico border
▼ + stars: | 2021-06-25 | by ( Lauren Egan Is A White House Reporter For Nbc News Based In Washington. | ) www.nbcnews.com + 0.00 time to read: +5 min

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

"The Taliban has nearly doubled the number of districts it controls, has captured key areas and military bases, and demoralized segments of the Afghan security forces and the government," Roggio said. We don't want to capture any province or provincial headquarters anywhere in Afghanistan by September 2021 when the U.S. forces leave our country," the Taliban commander said. "We neither imprison them nor punish the Afghan security forces who surrender peacefully. Somal Nazari left his village in Faryab province Sunday along with his young family as Taliban forces approached the city of Maymana. Afghan government forces have struggled to clear out the Taliban from districts they had captured, suffering serious casualties.

Persons: Roggio, Ashraf Ghani, Abdullah Abdullah, Biden, Washington, Zabihullah Mujahid, Marcus Yam, Somal Nazari, Nazari, —, Dawlat Abad, Ghani, Deborah Lyons Organizations: High Council, National Reconciliation, White, NBC News, U.S, Doha, NATO, Taliban, UH, Blackhawk, Los Angeles Times, Getty, AK, NBC, Afghan, Soviet, . Security Locations: Tajikistan, Kabul, Kunduz province, United States, Afghanistan, United, U.S, Doha, Mazar, Kandahar, Faryab, Maymana, Sharif, Balkh, Faryab province, Dawlat, Afghan, Wardak, — Wardak, Logar

☆ Take Five: The missing piece in the Fed puzzle
▼ + stars: | 2021-06-25 | by ( ) www.reuters.com + 0.00 time to read: +4 min

Adding perky jobs data to the mix could change that picture, markets fear. Analysts expect the economy to add 600,000 jobs in June - the largest monthly gain in three months – up from a gain of 559,000 jobs in May. The U.S. Fed has shifted to a hawkish bias. Some mid-cap deals pulled stock market debuts recently: Marex Spectron in London, PHE Holdings in Paris and Primafrio in Madrid. But Nordgold aborting its debut might be the first casualty of expected central bank tightening as the hawkish Fed pushed gold 6% lower.

Persons: Jerome Powell, Philip Lane, Wise, Tom Westbrook, Dhara, Abhinav Ramnarayan, Marc Jones, Saqib Ahmed, Karin Strohecker, Toby Chopra Organizations: Federal Reserve, U.S, Fed, ECB, PHE Holdings, Bankers, CHINA BULLS, Thomson Locations: U.S, United States, Europe, Asia, London, Paris, Primafrio, Madrid, China, Singapore, New York

☆ Why Vaccinated Athletes Are Testing Positive for Coronavirus
▼ + stars: | 2021-06-25 | by ( Louise Radnofsky | Rachel Bachman | ) www.wsj.com sentiment -0.98 time to read: +1 min

A star NBA player, the U.S. Open golf champion and a Ugandan Olympic coach have something in common that is creating a new headache for sports organizers: they tested positive for the novel coronavirus after being vaccinated. Throughout the pandemic, athletes have been the most tested population on the planet, sometimes providing vivid examples of emerging theories—and sometimes helping prove them. Now these athletes are showing that while vaccines are exceptionally effective in preventing death and severe illness from the coronavirus and its known variants, some are far from foolproof in preventing infection altogether. Most of the athletes with so-called “breakthrough” infections are asymptomatic. The infections wouldn’t have been noticed except for the fact that people who work in sports are among the last being tested intensely for the virus.

Organizations: NBA, U.S, Ugandan Olympic Locations: Ugandan

☆ India Warns of New Versions of Delta Variant Spreading
▼ + stars: | 2021-06-25 | by ( Shan Li | ) www.wsj.com sentiment -1.00 time to read: +1 min

NEW DELHI—India is warning about new versions of the highly infectious Delta variant of the coronavirus that are spreading around the country, containing a mutation that the original didn’t have. Indian officials have dubbed new versions of the variant containing the mutation Delta Plus. Indian officials have been closely monitoring the Delta variant, which fueled the country’s ferocious Covid-19 surge in April and May. India has detected about 50 cases of Delta Plus so far through genomic sequencing. Scientists say there is no evidence that Delta Plus is significantly more transmissible or deadlier than the original variant.

Persons: ”, Anurag Agrawal Organizations: Public Health, Delta, CSIR, of Genomics Locations: DELHI, India, U.S, Japan, Public Health England

☆ European shares near record high as industrials jump
▼ + stars: | 2021-06-25 | by ( Reuters Staff | ) www.reuters.com 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

☆ Slide in pharma stocks keeps Europe below record highs after volatile week
▼ + stars: | 2021-06-25 | by ( Sagarika Jaisinghani | ) www.reuters.com + 0.00 time to read: +3 min

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 | ) www.reuters.com 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

☆ What DoorDash Builds, Uber Buys
▼ + stars: | 2021-06-25 | by ( Laura Forman | ) www.wsj.com + 0.56 time to read: +1 min

DoorDash and Uber Eats are now competing to deliver Main Street to the masses. Both DoorDash and Uber Technologies seem to be working to create a “super app” within delivery, serving all of a consumer’s needs. Building off their success with restaurants, they are moving into other verticals such as alcohol, convenience, drugstores and grocery. This week, Uber disclosed it was acquiring the remaining 47% of Latin American grocery-delivery company Cornershop—which now also serves select cities in the U.S.—after buying a majority stake in 2019. DoorDash’s largest-ever acquisition, by contrast, was its $410 million deal for food-delivery service Caviar in 2019, with only one small purchase since.

Persons: DoorDash, Uber Organizations: Technologies Locations: U.S, DoorDash’s

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