INDIANAPOLIS — Myles Turner, the Indiana Pacers center and the team’s longest-serving player, couldn’t help but feel a mix of emotions following the conclusion of the Eastern Conference finals.
Jump in Japan Business Service Prices Supports BOJ Hike Case
In a notable development, service prices in Japan have experienced their highest increase in over 30 years, indicating a broader trend of inflation. This strengthens the case for the Bank of Japan to consider raising interest rates. The services producer price index,
Stocks Mixed, Dollar Slips Before Inflation Data: Markets Wrap
European shares are expected to see modest gains following a slight increase in Asian shares, as the dollar weakens ahead of key inflation data that could impact global monetary policy decisions.
Vedanta Is Said to Weigh $1 Billion Share Sale Soon as June
Indian billionaire Anil Agarwal’s company Vedanta Ltd. is reportedly considering a share sale in the coming weeks that could potentially raise up to 85 billion rupees ($1 billion), according to sources familiar with the matter.
Gold prices steady as focus turns to US inflation data
Gold prices remained stable on Tuesday as the dollar weakened and investors awaited important U.S. inflation data that could provide insight into the Federal Reserve’s timeline for interest rate cuts. The spot price of gold held at $2,349.89 per ounce at 0600 GMT, following a 1% increase in the previous session.
Private Credit Lures $100 Billion Fund Seeing Sticky Inflation
Colonial First State, a major Australian pension and wealth asset manager with A$151 billion ($100 billion) under its management, is planning to increase its private credit investments as it expects interest rates to remain high for an extended period of time.
Dollar ebbs as markets await key global inflation reports
The dollar weakened on Tuesday as risk appetite increased slightly, but it remained stable against other currencies as investors awaited key inflation data from major economies.
Oil prices steady as investors await inflation data, OPEC+ meeting
Oil prices remained stable in early Asian trading on Tuesday as investors awaited inflation data to assess future monetary policy in the United States and production policy decisions from the OPEC+ meeting on June 2.