The Latest Breaking News from Raphael Bostic

June S&P 500 futures (ESM23) are trending down -0.14% this morning as market participants digested soft Chinese economic data while awaiting an update on plans to raise the federal debt limit as well as crucial retail sales data.

Hong Kong (AFP) - Equities were mixed Tuesday as traders grew increasingly concerned that US lawmakers remain far apart in talks to raise the country's borrowing limit to avert a default.

Stock futures edge higher with ISM data, inflation in focus; Costco slides after Q2 sales miss, 'big ticket' spending caution; Broadcom sees AI boost to chip sale after Q1 earnings beat; Nordstrom posts muted holiday sales, plans Canada business wind-down and Dell Technologies slumps as tepid outlook clouds Q4 earnings…

Asian stock markets have followed Wall Street higher after a Federal Reserve official raised hopes the U.S. central bank might not step up its anti-inflation fight as much as feared

London (AFP) - Stocks mostly resisted worries about inflation and interest rate hikes on Thursday despite officials warning on the need to keep fighting stubbornly high inflation.

The Dow Jones rose Tuesday amid Fed Chair Jerome Powell's comments. Aerospace giant Boeing slid on a downgrade.

Fed Chair Jerome Powell addressed a central banking conference in Stockholm Tuesday, but declined to address market reaction to signals of slower near-term inflation.

Stock futures slip lower on hawkish Fed signals; Powell speech in focus as rate bets test tightening path; Pfizer may sell Covid treatment in China through local partner; Oak Street Health soars on $10 billion CVS takeover report and Microsoft said to eye $10 billion OpenAI investment.

Hong Kong (AFP) - Asian and European markets were mixed Tuesday as growing optimism over China's economic reopening was offset by warnings that US interest rates will continue to rise and stay elevated for some time.