More Resilient Economic Data Increases the Risk of a Harder Landing Eventually
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📚 Daily Digest | Friday, Jun 30, 2023 | |  | | Tesco cuts prices on more than 500 groceries | |  | © Reuters. | Proactive Investors - Tesco PLC (LSE:LON:TSCO) is slashing the prices of more than 500 everyday products including pasta, milk and fish. On average the groceries in question will drop by 13%. | | |  | | | Today's Top News | Commodities | Oil heads for fourth straight quarterly decline | LONDON (Reuters) -Oil prices rose above $75 a barrel on Friday but were on course for a fourth consecutive quarter of losses amid concerns over sluggish global economic activity and fuel demand. | | | | | Stock Markets | Apple's market value breaches $3 trillion mark again | (Reuters) - Apple Inc's market capitalization on Friday breached the $3 trillion mark for the first time since January last year, as investors bet on the iPhone maker's ability to grow its revenue even as it explores new markets such as virtual reality. | | | Economy | Pound rises as bond yields climb and U.S. inflation slows | LONDON, (Reuters) -The pound rose on Friday, boosted by higher UK bond yields and a fall in the dollar on signs that U.S. inflation is decelerating. U.S. personal consumption expenditures (PCE) inflation - the Federal Reserve's preferred gauge of price pressures | | | | | | | | |
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