China’s economic recovery weakened in May as manufacturing activity continued to slump, prompting investors to dump stocks and call for more stimulus measures to boost growth.
Prime Minister Giorgia Meloni has just five months left to find a new Bank of Italy chief in what may be the one of the most significant appointments she gets to make.
South Korea’s equity benchmark flirted with bull market territory as a global investor frenzy for all things tied to artificial intelligence saw foreign funds accelerate purchases of the nation’s chipmakers.
Former Treasury Secretary Lawrence Summers sees US interest rates headed higher in the short-run and US taxes rising significantly in the longer run as the world’s biggest economy comes to grips with a persistent inflation problem and burgeoning government debt.
Cathie Wood said software providers will be the next to ride on the artificial intelligence frenzy driven by Nvidia Corp.
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