News

Bank of Canada Governor Macklem: The overall CPI is expected to remain around 3% in the next few months.

The Bank of Canada will announce its interest rate decision in ten minutes.

U.S. President Trump: Citigroup ranked first in the M&A advisory market by value in the first quarter. Congratulations to Jane Fraser and all her wonderful colleagues.

The Russell 3000 freight index fell 4.8% as Amazon (AMZN.O) stepped up its efforts to promote its freight business.

The Dow Jones Index opened down 307.09 points, or 0.60%, to 50565.02 points on June 10 (Wednesday);The S&P 500 Index opened down 38.5 points on June 10 (Wednesday) 7 points, a decrease of 0.52%, to 7348.08 points;The Nasdaq Composite Index opened down 197.52 points, or 0.77%, to 25481.30 points on June 10 (Wednesday).

Central Bank of Russia: Analysts expect GDP to grow by 0.7% in 2026.

Bank of America Corp (BAC.N) will launch new compensation planning tools.

U.S. Senator Warren seeks a review of the SpaceX IPO from the U.S. Securities and Exchange Commission (SEC).

Ford Motor Co (F.N) rose 0.8% in pre-market trading. Novelis, its main aluminum supplier, will restart factory operations after a fire broke out, the Wall Street Journal reported.

Nick Timiraos, "Fed's mouthpiece": On a three-month annualized basis, the CPI rose by 8.2%.

Nick Timiraos, "Fed's mouthpiece": What cannot be ignored is that the overall CPI increased by 0.47% month-on-month (an annualized increase of 5.8%), pushing the non-seasonally adjusted CPI annual rate to 4.2%, a three-year high.

Bill Gates: It's a pleasure to appear before the U.S. House of Representatives subcommittee. Hopefully my testimony in the Epstein case will be helpful.

"Fed Mouthpiece" Nick Timiraos: From a 12-month year-on-year perspective, core commodity inflation is slightly lower than at the end of last summer (currently +1.1%, compared with the recent high of +1.5% in September last year).

Nick Timiraos, "Fed's mouthpiece": In May's CPI, core commodities fell 0.11% month-on-month. Housing costs increased by 0.32% month-on-month, and non-energy services excluding housing increased by 0.27% month-on-month.

German Chancellor Mertz: We hope to use our potential in German drone technology.

"Fed spokesperson" Nick Timiraos: The core CPI rose by 0.21% month-on-month in May, very close to the expected level, which pushed the core CPI annual rate to 2.9%. This is the first time since December 2022 that the annual core CPI rate is higher than the same period last year.

German Chancellor Mertz: (On nuclear deterrence) We will strengthen European defense and defense industry.

German Chancellor Mertz: The Future Combat Air System (FCAS) project will still be promoted as a European system. The project will be discussed in July.

German Chancellor Mertz: French President Macron and I have agreed not to continue to promote the construction of joint fighter jets.

Hungarian Foreign Minister: Preparations are being made for a meeting between the Hungarian Prime Minister and the Ukrainian President.