Page 24 - Us Inflation
Gold tops $1,900/oz mark as dollar, bond yields dip after US data
US gold futures rose 0.4% to $1,903.90 per ounce.
 "Gold tops $1,900/oz mark as dollar, bond yields dip after US data")
Asian shares mixed after United States' inflation jumps 5% in May
Shares were mostly higher in Asia on Friday after the S&P 500 index notched another record high despite a surge in US consumer prices in May. Shanghai fell, Tokyo was nearly unchanged, while shares rose in Hong Kong, Seoul and Sydney. US futures were marginally lower. On Thursday, Wall Street logged gains while bond yields mostly fell despite the much-anticipated report showing consumer prices rose 5 per cent in May, the biggest year-over-year increase since 2008 and more than economists had expected. Investors also reacted positively to more data that showed continued improvement in the labour market. The worry is that if signs of inflation persist, central banks may move to withdraw stimulus from the economy to ease price pressures. But investors are still buying into the Federal Reserve's stance that the current bout of inflation is transitory, said Jeffrey Halley of OANDA. Financial markets have long raised a selective use of facts to an art form," Halley said in a ...
 "Asian shares mixed after United States' inflation jumps 5% in May")
Gold breaches $1,900 mark as dollar, yields dip after US inflation data
Spot gold was up 0.1% at $1,900.10 per ounce, as of 0518 GMT
 "Gold breaches $1,900 mark as dollar, yields dip after US inflation data")
Inflation fails to shake US mkts out of torpor, with Fed in driver's seat
Fed officials have repeatedly tamped down fears of inflation running persistently higher than its 2% target
 "Inflation fails to shake US mkts out of torpor, with Fed in driver's seat")
Top headlines: May US consumer prices climb; WHO warns about Delta variant
Business Standard brings you top news of the day
 "Top headlines: May US consumer prices climb; WHO warns about Delta variant")
Dollar oscillates as market digests US inflation data, ECB
The dollar index, which measures the greenback against a basket of major currencies, has fluctuated narrowly around the psychologically important 90 level, and was last down 0.08% at 90.058.
 "Dollar oscillates as market digests US inflation data, ECB")
S&P 500 hits record high as Wall Street brushes off higher inflation data
Meme stocks flit between gains and losses; Boeing gains on possible UAL order
 "S&P 500 hits record high as Wall Street brushes off higher inflation data")
S&P 500 futures turn negative after US inflation rises more than expected
Prices paid by US consumers rose in May by more than forecast, extending a months-long buildup in inflation that risks becoming more established as the economy strengthens
 "S&P 500 futures turn negative after US inflation rises more than expected")
Asian shares advance as investors await United States inflation data
Benchmarks rose across the region, but stayed in a relatively narrow range.
 "Asian shares advance as investors await United States inflation data")
Wall Street indexes open flat as investors await inflation data
Wall Street's main indexes opened unchanged on Monday as investors remained on the fence ahead of key inflation data later this week
Best of BS Opinion: Distant thunder in world economy, rocket rupee & more
Here are the best of Business Standard's opinion pieces for Monday
 "Best of BS Opinion: Distant thunder in world economy, rocket rupee & more")
Distant thunder in the world economy
We're in the happy period of global economy coming back to life, but we need to watch carefully the US inflation situation
Gold prices dip as dollar, bond yields rise; US inflation data in focus
U.S. gold futures slipped 0.3% to $1,892.30.
 "Gold prices dip as dollar, bond yields rise; US inflation data in focus")
Gold subdued as dollar, yields tick up ahead of US inflation data
Spot gold was down 0.2% at $1,893.07 per ounce by 0308 GMT. Bullion has risen 0.7% so far this week, and was on track for its fourth straight weekly gain.
Gold flat as dollar and yields firm up ahead of US inflation data
An uptick in the dollar and US Treasury yields pressured bullion, while investors awaited crucial US inflation data later on Friday
 "Gold flat as dollar and yields firm up ahead of US inflation data")
Brent nudges towards $70 a bbl on rosy US data, oil demand outlook
US inflation data will be released later in the day on Friday
 "Brent nudges towards $70 a bbl on rosy US data, oil demand outlook")
Biden to propose $6-trillion budget to boost middle class and infra
This would push federal spending to its highest sustained levels since WW-II
 "Biden to propose $6-trillion budget to boost middle class and infra")
Gold hovers near 4-1/2-month high on tepid dollar, inflation jitters
Spot gold was up 0.2% at $1,883.21 per ounce by 0301 GMT. Last week, gold prices hit their highest level since Jan. 8 at $1,889.75
 "Gold hovers near 4-1/2-month high on tepid dollar, inflation jitters")
Asia shares wary of US inflation readings, Bitcoin tries to steady
Asian shares got off to a cautious start on Monday as investors awaited key US inflation readings for guidance on monetary policy, while Bitcoin tried to steady after being hammered
 "Asia shares wary of US inflation readings, Bitcoin tries to steady")
Gold eases, set for third weekly gain on weak dollar, inflation jitters
Gold edged lower on Friday, as optimism around a swift economic recovery lifted appeal for riskier assets