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Manufacturing activity in the US mid-Atlantic region continued growing at a robust pace in June, the results of one of the most closely-followed surveys for the sector showed.
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.
A former top US central bank official said that betting on a change in policy stance before August's Jackson Hole central banking symposium was a "long putt from here".
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.
Americans reined in their spending last month, especially on cars and building materials, two of the categories of goods that had been in greatest demand throughout the pandemic.
Most fund managers around the world continued to believe that the recent acceleration in price pressures in the States would prove transitory, placing their trust in the Federal Reserve's ability to "peacefully" draw back on its policy easing, the results of a closely-followed survey revealed.
Janet Yellen laid out the case at the weekend for US President Joe Biden's proposed $4trn in government spending and a "slightly higher" interest rate environment.
The White House rowed back on its push to reverse the 2017 tax cuts approved by Donald Trump in a bid to win the backing of the Republican party for President Joe Biden's proposed $1. 0trn infrastructure package.
European finance ministers of the four biggest economies said that a landmark agreement to curb tax abuse by multinational companies is within reach and will be closed at the G7 meetings in London on Friday.
Member nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership on Wednesday officially agreed to allow the UK to start the joining process.
