Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
💎 Access the Market Tools Trusted by Thousands of Investors Get Started
London pre-open: Stocks seen up on positive US, Asian sessions
Published Jun 09, 2023 08:25
London pre-open: Stocks seen up on positive US, Asian sessions
Sharecast - The FTSE 100 was called to open 12 points higher at 7,612.
Figures out earlier showed that China’s consumer price inflation rose 0.2% on the year in May, up from 0.1% in April, and versus expectations of a 0.3% increase.
Meanwhile, producer price inflation fell 4.6% in May following a 3.6% decline in April and versus expectations of a 4.3% drop. This marked the sharpest fall in more than seven years.
Capital Economics said: "We still think a tightening labour market will put upward pressure on services inflation in the coming months. But the government’s ceiling of “around 3.0%” for the headline rate is unlikely to be tested and we doubt inflation will become a barrier to increased policy support.
"Instead, the main constraint facing policymakers has to do with financial risks. We expect the PBOC to ease policy somewhat in the near-term but that, in order to limit the impact on bank margins, it will favour tools such as window guidance and RRR reductions instead of policy rate cuts."
In UK corporate news, CMC Markets said it has bought a 33% stake in StrikeX Technologies, a customer centric blockchain solutions business.
"This is a significant milestone for both companies and the digital asset industry, combining StrikeX's expertise in tokenisation and self-custody technologies with CMC Markets' extensive experience in financial services," it said.
"This arm's length investment presents CMC Markets with further opportunity for growth. The partnership will allow CMC Markets access to the latest blockchain related products and services with the opportunity to leverage these for our customers over the longer term."
CMC did not provide any financial details.
Related Articles
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.