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Top News In சீன உற்பத்தி Today - Breaking & Trending Today

Rising US inflation fails to lift dollar, treasury yields

Deficit to -USD 85.2 billion, from a previous -
USD 92.0 billion. US Personal Income in May was at
-13.1%, beating median forecasts at
-14.2%. Chicago’s PMI rose
to 75.2 from
67.9.
EUR/USD – The Euro initially slid to an overnight low at 1.21326 in early trade following the release of the US PCE inflation report. Other US economic reports were mixed and saw the single currency rally to close at 1.2190, near its overnight high but little changed from Friday’s 1.2197.
GBP/USD – Sterling, like the Euro dipped to 1.41361 overnight low before lifting toward the close of trade to a 1.4190 finish, from 1.4200 in early Friday. The Pound, like the Euro closed near its overnight peak (1.42056). ....

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Dow Jones, Hang Seng, ASX 200 Outlook: Chinese Manufacturing PMI in Focus

Wall Street stocks shrugged off higher-than-expected core PCE inflation data. The Russell 2000 retreated as AMC Entertainment pulled back. Asia-Pacific investors are eyeing Chinese PMI today. ....

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Taiwan's Gigabyte Technology faces boycott in China for its remark on quality issue-552748

Taiwan’s Gigabyte Technology faces boycott in China for its remark on quality issue
Sun Online Desk
16th May, 2021 03:26:09
A Taiwanese computer hardware maker has become the target of a boycott in mainland China after it called Chinese manufacturing as “low-quality” and even described its products as Taiwan-made.
In an advertisement for its latest laptop series that has since been taken down from its website, Gigabyte Technology, a Taipei-based manufacturer specialising in motherboards and graphical processing units (GPUs), said the company insists on making its products in Taiwan, where it boasted strict quality control, reports South China Morning Post.
“Unlike other brands that have opted for low-cost and low-quality contract manufacturing in China, Gigabyte Technology is committed to producing excellent and high-performing components and laptops,” the advertisement read. ....

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US Dollar Outlook: SGD, IDR, PHP, THB Eyeing Fed and US Fiscal Policy Impact

The US Dollar remains vulnerable to ASEAN currencies with the Fed on tap. Rising corporate and capital gains tax hike bets may pressure Treasury yields, boosting Emerging Market FX. ....

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Futures Flat, Yields Rise Ahead Of Biden Multi-Trillion Infrastructure Plan

Futures Flat, Yields Rise Ahead Of Biden Multi-Trillion Infrastructure Plan
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

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