Morning Bid: Gold glitters, inflation jitters
In a grand ceremony marking the opening of the new parliament replete with gold and splendour, Britain's King Charles will read out the agenda of Keir Starmer's Labour government, aimed at rebuilding an economy roiled by political turmoil.U.S. consumer prices fell for the first time in four years in June, data showed last week, and month-on-month Canadian prices followed suit overnight.
Britain's sticky services inflation was running at 5.7% year-on-year in May and is tipped at an uncomfortable 5.6% for June. New Zealand's dollar rose 0.5% and two-year swaps bucked the global rally to rise three basis points on the stickiness of domestically driven inflation with increases in rent and construction costs.
"Taiwan took our chip business from us," Trump said."They're immensely wealthy... I don't think we're any different from an insurance policy. Why? Why are we doing this?"Key developments that could influence markets on Wednesday: * Economics: British CPI, euro zone final CPI, U.S. housingstarts * Earnings: ASML, U.S.
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