5 things to know before the stock market opens Thursday, June 2

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures rise as Wall Street tries to rebound from Wednesday’s losses A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York, April 11, 2022. andrew kelly | Reuters … Read more

Rising US Interest Rates Could Significantly Impact Emerging Markets

Following the US Federal Reserve’s decision to raise benchmark interest rates in recent months, analysts are closely tracking the impact this will have on emerging markets and their economies. On May 4 the Federal Reserve raised its benchmark interest rate by 0.5 percentage points to a target range of 0.75-1%, the largest increase since 2000. … Read more

Starbucks, eBay, and 29 Other Stocks for a Bear-Market Rally

Text size Starbucks stock has gained 9% from its lowest close of the year in early May. Spencer Platt/Getty Images The stock market’s recent bounce could be good news for Starbucks , eBay , and other companies with the largest profit swings—if the rally continues. Tea S&P500 has gained just over 8% from its intraday … Read more

Asian markets slide amid COVID, rate-hike worries

TOKYO — Asian shares declined Thursday, echoing a retreat on Wall Street as investors fretted about higher interest rates and rising coronavirus cases in parts of the region. Japan’s benchmark Nikkei 225 NIK, -0.16% lost 0.2% and Australia’s S&P/ASX 200 XJO, -0.80% edged down 1%. South Korea’s Kospi 180721, -1.00% slipped 1%. Hong Kong’s Hang … Read more

The job market is still hot — for now

A storefront in Montebello, California on Dec. 9, 2021. Frederic J. Brown | dpa | Getty Images Workers continue to benefit from a hot job market characterized by near-record demand for their labor, which has translated to ample choice and higher pay. However, there are signs of a slowdown in some industries and Federal Reserve … Read more

Croatia on track to adopt the euro – POLITICO

Croatia is on course to adopt the single currency starting in 2023 after fulfilling a number of set criteria, the European Commission and the European Central Bank announced Wednesday. “Today marks a historic milestone on Croatia’s European journey, reflecting the determined efforts the Croatian authorities have made to meet the criteria for entry into the … Read more

White House unveils a monthlong focus on the economy as prices rise and poll numbers fall

CNN — Facing rising prices and deep vote dissatisfaction, the White House this week is launching a month-long effort to signal heavy focus on the economy as inflation worries become the top concern for the White House before this fall’s midterm elections. It’s not the first time President Joe Biden and his aides have sought … Read more

Eurozone inflation jumps to new record at 8.1 percent – ​​POLITICO

FRANKFURT – Eurozone inflation rose to a new record high of 8.1 percent in May from 7.4 percent in April, further aggravating the cost-of-living-crisis across the continent, preliminary Eurostat data showed Tuesday. Inflation once again exceeded the 7.7 percent median forecast and is set to spark fresh calls for the European Central Bank to act … Read more

ECB top economist lays out interest rate hikes for July, September – POLITICO

FRANKFURT — The European Central Bank should raise interest rates in 25-basis-point increments, said its chief economist Philip Lane, dismissing recent calls for bolder action. “Normalization has a natural focus on moving in units of 25 basis points, so increases of 25 basis points in the July and September meetings are a benchmark pace,” Lane … Read more