Inflation in U.S. hit a 4-month high
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China, economy and Trump Tariff
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Refiners remain active. According to Reuters, China’s surplus crude inventories surged by 1.3 million barrels per day in June, the largest monthly build since 2020. Rather than signaling oversupply, analysts say it gives refiners room to boost throughput into the second half.
China's producer deflation deepened to its worst level in almost two years in June as the economy grappled with uncertainty over a global trade war and subdued demand at home, piling pressure on policymakers to roll out more support measures.
The Nasdaq Composite posted a fresh record close on Tuesday (Jul 15), lifted by a surge in shares of Nvidia, even as the S&P 500 and Dow Jones slipped amid lukewarm inflation data and m
China's June consumer price index inflation returned to positive territory for the first time since January, rising to 0.1% year on year from -0.1% YoY in May, beating market expectations.
MSCI's global equities index lost ground on Tuesday after touching a record high, while U.S. Treasury yields hit their highest level in more than a month, as investors digested a slight rise in U.S. inflation and took a mixed view of quarterly results from big banks.
Trump’s tariffs and the trade war continue to roil global markets. Follow along for live updates on the latest inflation report, as well as the Dow, S&P 500 and Nasdaq.
Reserve Bank governor Lesetja Kganyago says US tariffs and deflation in China are making South Africa’s inflation outlook murky, which is likely to impact the central bank’s rate decision later this month.
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Amazon S3 on MSNChina Stimulus, Inflation, and a Warning for Stocks | Macro MoneyRising U.S. inflation may not go down well for stock markets struggling to sustain risk appetite even as China promises fiscal stimulus ahead. tastylive's Head of Global Macro Ilya Spivak previews U.S.