-
Wall Street indices finished Friday's trading lower but off the session lows. S&P 500 declined 0.16% and Nasdaq dropped 0.35% and Dow Jones declined 0.55%
-
Today, US stock futures fell following Friday's decline as inflation remained a concern.
-
Indices from Asia-Pacific traded lower today - Nikkei dropped 1.0%, S&P/ASX 200 moved 0.8% lower, Kospi declined 0.1%, indices from China traded 0.4% higher.
-
China's tech giants Ant Group and Tencent Holdings faced over $1 billion in fines, marking the end of a sector crackdown that caused market value losses and halted Ant Group's massive IPO.
-
Constructive dialogue between Beijing and Washington boosted Asian sentiment.
-
The meeting between US Treasury Secretary Yellen and Chinese officials aimed to limit economic damage.
-
Chinese Premier Li described discussions with Yellen as constructive.
-
China's finance ministry downplayed the impact of Yellen's visit, expecting no significant changes in the relationship.
-
US Treasury Secretary Yellen stated that US inflation remains too high.
-
Yellen does not see a threat to the role of the dollar from new currency plans.
-
China's latest data showed no inflationary pressure.
-
Chinese CPI YoY came in at 0% (forecasted 0.2%, previous 0.2%), indicating stable consumer prices.
-
Chinese PPI YoY was -5.4% (forecasted -5%, previous -4.6%), reflecting a decline in producer prices.
-
North Korea accused the US of violating its airspace, warning of possible shootdowns. The US's military actions were seen as increasing the risk of a nuclear conflict.
-
ECB Villeroy and Centeno indicated that inflation has peaked and the economy is slowing down. Euro zone rates will soon reach a high point but remain at a plateau.
-
Energy commodities: oil drops 0.4% while US natural gas prices rise 2.6%
Strong gains on the Japanese Nikkei 225 index have slowed down recently. The index price even formed a double top above 33,600 points and is currently testing the support zone around the 32,200-point level.
