Currencies
Stocks slip as Fed raises projections for rate hikes in 2022 and 2023
Central bankers in the US nudged up their individual projections for short-term interest rates in 2022 and 2023 at their two-day policy meeting, although they didn't actually discuss potential dates for the so-called 'lift-off' in rates.
Director dealings: Aston Martin Lagonda director picks up some shares
Aston Martin Lagonda non-executive director, Robin Freestone, picked up some shares in the carmaker as they were trading near their level from just before the start of the Covid-19 pandemic.
US import prices jump past forecasts in May
The cost of goods purchased overseas jumped past forecasts last month, even if those exported increased in price even faster.
Lincoln expects half of its car sales to be all-electric models by 2026
Ford Motor’s luxury carmaker brand Lincoln, expects at least 50% of its sales to come from all-electric cars by 2026.
US housing starts rise in May, even as sector comes off the boil
Housing starts rose last month but by less than anticipated, alongside a continued decline in permits for new construction, pointing to a residential market that was coming off the boil.
Chinese retail sales, factory output miss forecasts
China’s ongoing economic recovery appeared to have stumbled on Wednesday, after official data came in below expectations.
Iran nuclear deal must wait until formation of new government
Returning to the 2015 Iran nuclear accord will have to wait until the formation of a new Iranian government, said the head of the UN nuclear watchdog on Wednesday.
Ifo Institute cuts German growth forecasts for 2021
Germany’s Ifo Institute has cut its growth forecasts for the country this year, citing supply bottlenecks in manufacturing.