Stock Futures Flat Ahead of PPI Inflation Data

Futures were near flat ahead of U.S. producer price index data while overseas markets were mostly subdued. 


 
OPEC Sticks to Oil-Demand View

OPEC left its estimates for global oil-demand growth unchanged for this year and next, while reporting a fall in crude output as the market awaits the cartel's next production policy move at its upcoming meeting in June. 


 
Australian Government's Budget Bets On Rapid Fall In Inflation

Australian Treasurer Jim Chalmers has framed the center-left Labor government's 2024-2025 budget around the themes of cost of living relief, income tax cuts and the tantalizing prospect of a fall in mortgage interest rates by early next year. 


 
U.K. Jobs Market Eases in Boost for June Rate-Cut Hopes

Unemployment ticked higher in the three months to March, continuing a trend of rising joblessness, while the average regular pay grew at the same rate as in the previous period. 


 
Biden Levies Sweeping Tariffs on China, Intensifying Trade Fight With Trump

The presumed 2024 election foes are taking competing protectionist approaches against Beijing. 


 
Why the World Has Gone Cuckoo for Copper

The U.S. and China are competing to acquire the metal, which is essential for EVs and data centers. It is also at the center of a $43 billion takeover battle. 


 
Glynn's Take: Budget Doesn't Do Enough to Rule out Further RBA Rate Hike

The government's budget forecasts that inflation could return to within the 2%-3% target band by the end of this year, which is at odds with the less-optimistic forecasts of the Reserve Bank of Australia. 


 
The economy could be heading toward 1970s-style stagflation. What it means for the stock market.

The U.S. economy could be barreling toward 1970s-style stagflation amid a cooling economy and sticky inflation - and it could end up sparking a double-digit plunge in stocks, according to Sevens Report Research. 


 
Investors Crowd Into Soft-Landing Trade Ahead of Crucial Inflation Data

Stocks and bonds have rallied ahead of Wednesday's consumer-price index report. 


 
Berkshire Hathaway's Mystery Stock Purchase Could Be Revealed on Wednesday

That stock likely is a financial stock based on disclosures in Berkshire Hathaway's regulatory filings


(END) Dow Jones Newswires

05-14-24 0715ET