PCE, Spending Data, Europe's Gas Woe, SEC's Crypto Blow - What's Moving Markets

Opening Bell: Markets Resume Selloff As Central Bank Chiefs Reiterate Tightening

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📚 Daily Digest  |  Thursday, Jun 30, 2022     PCE, Spending Data, Europe's Gas Woe, SEC's Crypto Blow - What's Moving Markets   © Reuters. The U.S. releases the latest updates for personal income and spending, as well as the Federal Reserve's preferred measure of inflation. Stocks are expected to open in fragile mood. Europe's natural gas prices surge as Uniper, a big German energy group, says it needs a bailout. China's economy returns to growth in June, but there are more signs of weakness in Europe, where Sweden jacked up its key interest rate by half a point. Oil drifts as OPEC meets with allies, but the meeting is seen as a foregone conclusion. Here's what you need to know in financial markets on Thursday, June 30. Read More     Today's Top News Economy Euro drops against U.S. dollar amid renewed safe-haven demand The euro fell to a two-week low against the U.S. dollar and remained close to a 2015 low versus the Swiss franc amid safe-haven demand on renewed worries about higher rates and a global recession. Economy Copper heads for its biggest quarterly plunge since 2011 Copper prices fell on Thursday and were down almost 20% in the second quarter, the biggest quarterly fall since 2011, after COVID lockdowns in China and slowing economic growth curtailed demand. Economic Indicators Europe stares at 'stagflation', says UBS Eurozone is headed toward "stagflation" as efforts to stamp out a surge in inflation will bring growth to a near halt in the second half of the year, UBS said on Thursday, while trimming its 2022 economic forecast for the region. Read More News » Today's Top Analysis     Jun 30, 2022 by Pinchas Cohen Opening Bell: Markets Resume Selloff As Central Bank Chiefs Reiterate Tightening   by Pinchas Cohen  |   Jun 30, 2022   Jun 30, 2022 by Ellen Wald Oil: Higher OPEC+ Quotas Unlikely To Result In Additional Oil Production   by Ellen Wald  |   Jun 30, 2022   Jun 30, 2022 by Barani Krishnan Natural Gas Price Plunges In June On Tussle Over Summer Demand, Freeport Outage   by Barani Krishnan  |   Jun 30, 2022   Jun 30, 2022 by Haris Anwar Home Depot's 34% Plunge Offers Attractive Entry Point   by Haris Anwar  |   Jun 30, 2022   Jun 30, 2022 by Ipek Ozkardeskaya Not So Transitory.   by Ipek Ozkardeskaya  |   Jun 30, 2022   Jun 30, 2022 by Tezcan Gecgil 2 Crypto ETFs To Take Advantage Of Bitcoin's Rising Volatility   by Tezcan Gecgil  |   Jun 30, 2022 Read More Analysis »

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