The head of the US Federal Reserve Jerome Powell has stated that the recent macroeconomic data provides additional confidence that inflation could return to 2.00%.
Bank of America has reported that investors around the world have remained bullish in July, as expectations of US interest rate cuts have fuelled the stock surge.
At 12:30 GMT, Census Bureau, revealed its monthly retail sales data. The USD reacted by surging.
After a two year decline in new loans, the European Central Bank has reported that new loan numbers have started to grow, as consumers seek funding.
The Chairman of the Federal Reserve Jerome Powell has stated that he is set to remain at his post until the end of his term, despite a potential Trump victory in the US elections.
Asset management firm BlackRock has reached a total asset valuation of $10.6 trillion. Most gains are attributed to clients buying the firm's ETFs.
The US steel maker Cleveland-Cliffs has announced the buyout of Canadian competitor Stelco Holdings in a deal worth $2.5 billion.
Competition regulators of France have revealed that they are investigating NVidia over anti-competitive practices.
In the second quarter of 2024, the global smartphone market has increased by 6.5%. The increase has been led by Samsung and Apple.
The European aerospace firms Airbus and Thales are considering a tie-up in space activates in an effort to compete with new market participants.
The global markets were recovering on Monday, as the head of the US Federal Reserve was set to deliver opening remarks at the Economic Club of Washington DC.
Results of a Reuters poll have revealed that market analysts expect inflation in India to rise due to soaring prices for vegetables.
The Handelsblatt has reported that business insolvencies in Germany in the first half of 2024 have increased by 41%, compared to the first half of 2023.
Exports from Taiwan have topped market expectations, as AI demand has caused an increase of exports of 23.5% in June, compared to June of last year.
The Federal Aviation Administration has announced the inspection of 2,600 Boeing airplanes for a potential issue with oxygen masks.
Reuters has revealed that the investment fund KKR has decided to reduce its stake in the chip tool producer Kokusai Electric.
Walt Disney has revealed plans to launch an additional cruise ship that would sail from Japan starting in 2028.
Vodafone and Meta have worked together on improving video delivery without impacting quality, which has resulted in major freeing up of capacity on 11 European networks.
The American-French-Italian car producer Stellantis has revealed that it would expand its hybrid line up in Europe to 36 models by the year of 2026.
The US airline Boeing has started talks with the US Defense Department in regards to the potential impact of the firm pleading guilty in the recent public trial.
The German car maker Porsche has announced this week that the firm has delivered less cars in 2023. The decline has occurred due to a 33% annual drop of sales in China.
The electric vehicle maker Lucid has announced that it has passed quarterly delivery expectations. The gains in the numbers have been attributed to reduced prices.
Pharmacy firm Eli Lilly has revealed plans to buy the bowel disease drug producer Morphic for a total of $3.2 billion.
The Bank of Japan has revealed that it is observing that wage increases have been spreading to smaller firms due to tight labour market. The central bank expects the tight condition to result in lower inflation.