Brazil’s central bank chief, Roberto Campos Neto, stated on Monday that policymakers believe inflation expectations should stabilize and improve over time, despite recent concerns about them deviating from the official target. “It is generally possible to be optimistic when we look at the reasons for the unanchoring of inflation expectations,” he said at an […]

  Thunderstorms that spawned tornadoes swept through the Southern Plains and the Ozark Mountains, resulting in the deaths of at least 21 people across four U.S. states as of Monday afternoon and causing extensive damage to hundreds of buildings. Forecasters warned of the potential for more severe weather. Over the three-day Memorial Day holiday weekend,

  Oil prices stabilized in Asian trading on Monday as investors awaited the upcoming OPEC+ meeting scheduled for June 2, where discussions are expected to focus on extending voluntary output cuts for the remainder of the year. The July contract for Brent crude rose by 24 cents to $82.36 a barrel as of 0638 GMT,

  Bitcoin experienced minimal movement on Monday amid ongoing concerns about high interest rates ahead of crucial U.S. inflation data scheduled for later in the week. Meanwhile, Ether continued its rally driven by progress towards a spot exchange-traded fund (ETF). In the broader crypto market, prices remained subdued as traders maintained a preference for the

  The dollar started the week steadily on Monday as investors turned their attention to upcoming inflation data from the United States, Europe, and Japan to gauge the global interest rate outlook. In recent months, foreign exchange trading has been primarily driven by the pursuit of “carry,” penalizing low-rate currencies and bolstering the dollar. This

  Elon Musk’s AI startup, xAI, has secured $6 billion in Series B funding, elevating its post-money valuation to $24 billion. This significant investment highlights investor confidence in emerging AI challengers to established companies like OpenAI amidst the competitive AI landscape. The funding round saw participation from notable investors, including Andreessen Horowitz and Sequoia Capital,

A rally in Japanese stocks significantly slowed after the first quarter of 2024, with the Nikkei 225 index struggling to stay below record highs. However, analysts at Goldman Sachs remain optimistic about the market’s prospects. The Nikkei 225 surged to a record high of 41,087.75 points in the first quarter. Since then, the index has

Gold prices edged up slightly in Asian trading on Monday, recovering some of the losses from the previous week as traders remained cautious ahead of a crucial U.S. inflation reading expected later this week. Trading volumes were generally subdued due to market holidays in the UK and the U.S., and anticipation surrounding U.S. interest rate

#Japan’s #stock market rally has stalled over the past two months, with the benchmark Nikkei 225 index remaining largely rangebound below record highs since March. Analysts at Bank of America (BoFA) attribute this stalling to two main factors: significant weakness in the Japanese yen and somewhat disappointing earnings guidance from companies. The Nikkei 225 experienced

Most #Asian_stocks advanced on Monday, recovering some ground from last week’s losses, though investors remained cautious ahead of upcoming U.S. inflation and interest rate cues later this week. Regional #markets took positive signals from Wall Street’s strong close on Friday, where gains in technology stocks helped the NASDAQ Composite achieve a record-high close. U.S. stock