US consumer inflation expectations surged to a three-year high in June, even as subsequent economic data indicated a cooling trend in inflation levels. The market experienced dense news flow, including hawkish FOMC minutes and geopolitical tensions, though major assets lacked decisive movements. In corporate news, Morgan Stanley reported its quarterly earnings, while IBM shares saw a notable decline during pre-market trading.
Morgan Stanley reported quarterly results while IBM shares fell in pre-market trading, occurring alongside data showing a cooling in US inflation.
Read the full storyInvestors eye US Treasury yields amid hawkish Fed signals and geopolitical tensions, awaiting official confirmation of the current inflation trajectory.
A sharp rise in June inflation expectations fuels market concerns over persistent price pressures and the Federal Reserve's policy path.