Stocks, US Futures Rise as Inflation Worries Ease: Markets Wrap

(Bloomberg) — U.S. stock-index futures rose as softer oil prices and a weaker dollar signaled fears about inflation and the pace of monetary tightening are fading. Most Read from Bloomberg Futures on the S&P 500 and Nasdaq 100 indexes advanced at least 0.2% each after the underlying gauges capped the first three-day rally since May … Read more

Inflation risk has peaked in Asia; rate hikes may moderate: Morgan Stanley

Inflation risk in Asian economies, including India, have peaked and in the next few months, it could, in fact, surprise on the downside, said analysts at Morgan Stanley. The markets, they said, are pricing in more hawkish Asian central bank moves than warranted. ALSO READ: MPC minutes flag inflation worry; aim … Read more

S&P 500, Nasdaq book 3rd day of gains after Fed minutes point to another big rate increase this month to tackle inflation

U.S. stocks end higher Wednesday after minutes of the Federal Reserve’s June policy meeting signaled another big interest rate-hike is likely later this month despite the risk of slowing economic growth. How stock indexes performed The Dow Jones Industrial Average DJIA rose 69.86 points, or 0.2%, to end at 31,037.68, after trading between small gains … Read more

Fed officials warn entrenched inflation poses ‘significant risk’

Top Federal Reserve officials have concluded that entrenched inflation poses a “significant risk” to the US economy, according to an account of their most recent meeting. According to the minutes of the June meeting, Fed officials believed that even tighter monetary policy may be needed to stave off a destabilising economic cycle that would further … Read more

Warren Buffett says inflation ‘swindles almost everybody’ — here’s 10 ways his frugal habits can help you save money

Warren Buffett says inflation ‘swindles almost everybody’ — here’s 10 ways his frugal habits can help you save money Warren Buffett might have billions of dollars to his name, but unlike other celebrities and financial gurus, he prefers to live life simply. The investing icon practices what he preaches when it comes to financial discipline, … Read more

Inflation adds to problems of property policyholders

Commercial property insurance buyers should prepare well in advance of renewals and ensure their valuations are accurate to better manage the impact of inflation on the cost of their property insurance programs. While rates have been moderating slowly after several years of substantial hikes, policyholders face premium increases of up to 20% as inflation pushes … Read more

Asian stocks rise, inflation data boosts Philippine peso

Breadcrumb Trail Links PMN Business Author of the article: Article content Most Asian equities edged higher on Tuesday on signs of thawing China-U.S. tensions, while the Philippine peso outperformed currencies in the region on bets of further interest rate hikes after data showed a spike in inflation. Stocks of trade-reliant Asian countries like the Philippines … Read more

S.Korea June inflation hits near 24-yr high, fan larger rate hike chances

Breadcrumb Trail Links PMN Business Author of the article: Reuters Cynthia Kim and Jihoon Lee Publishing date: Jul 04, 2022  •  12 minutes ago  •  2 minute read  •  Join the conversation Article content SEOUL — South Korea’s June inflation accelerated to the fastest pace since the Asian financial crisis, fanning expectations the central bank could … Read more

Saudi Arabia Becomes Latest to Earmark Inflation Relief for Poor

Breadcrumb Trail Links PMN Business (Bloomberg) — Saudi Arabia will provide 20 billion riyals ($5.3 billion) to protect the poorest citizens from inflation and stockpile basic commodities, a policy that resembles steps taken recently by Malaysia and Singapore as rising energy and food prices take a toll on economies around the world. Author of the … Read more