China’s factory-gate inflation cooled in June to the lowest in 15 months. Consumer inflation rose to the highest in nearly two years. The producer price index (PPI) rose 6.1% year-on-year, after a 6.4% rise in May. 19 lockdowns were lifted in June, but some areas have reported flare-ups in infections. China’s June manufacturing plant entryway … Read more
Novak Djokovic beats Thanasi Kokkinakis to reach the third round. The Serb has won the last three Wimbledon titles. Djokovic, offering for his seventh Wimbledon title, looked scratchy during his initial success over Kwon Soon-charm. Yet he was back near his typical grand principles against the 79th-positioned Kokkinakis. The Australian crushed Roger Federer in the … Read more
U.S. dollar holds firm as worries about a recession weigh on the greenback. Lagarde is due to speak at the ECB forum in Sintra, Portugal, later in the day. The risk-sensitive Australian and New Zealand dollars have been left behind in last week’s global stock market bounce, while sterling was similarly becalmed. The euro won … Read more
