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Financial Shares Fall as Traders Wait for CPI Data -- Financials Roundup

06/08/2021 | 05:06pm EDT

Shares of banks and other lenders and money managers fell as investors awaited more data on the next leg of the economic recovery.

The release Thursday of the U.S. May consumer-price index is shaping up to be the main data event of the week.

A report from CNBC said the U.S. central bank may begin to discuss tapering at its coming gathering, setting the table for an eventual rollback of its $120 billion-a-month asset-purchase program.

Selling in bitcoin, ether and dogecoin accelerated Tuesday, with concerns about heightened government intervention adding to recent pressure on cryptocurrencies.

Brazil's digital bank operator Nu Pagamentos SA said Berkshire Hathaway agreed to buy $500 million of its shares, as digital banking expands quickly in Latin America's largest economy.

The Bank of England launched a program to assess the ability of lenders and insurers to withstand risks such as rising sea levels, flooding, cyclones and wildfires, in the latest step by a central bank to scrutinize the impact of climate change.

Write to Amy Pessetto at amy.pessetto@dowjones.com

(END) Dow Jones Newswires

06-08-21 1705ET

Stocks mentioned in the article
ChangeLast1st jan.
BERKSHIRE HATHAWAY INC. -0.42% 418900 Delayed Quote.20.44%
BITCOIN - EURO -0.77% 33393.06 Real-time Quote.49.62%
BITCOIN - UNITED STATES DOLLAR -0.81% 39591.63 Real-time Quote.45.13%
DJ INDUSTRIAL -0.42% 34935.47 Delayed Quote.14.63%
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