*U.S. STOCK FUTURES RISE TO START THE WEEK AS INVESTORS LOOK AHEAD TO U.S. CPI, MIDTERM ELECTIONS - 🇺🇸 🇺🇸
LONDON -Global stocks rose on Monday, even though Beijing denied it would consider easing its zero COVID-19 policy, which stemmed safe-haven flows into the dollar ahead of potentially pivotal consumer inflation data this week.
"We can question whether the China story has any veracity, but the market is quite happy to give it credence for the moment, despite the big denials," CIBC Capital Markets head of G10 currency strategy Jeremy Stretch said. The dollar sagged against other major currencies, pushing the pound up by 0.6% to $1.1445 and boosting the euro by 0.2% to near-parity at $0.9980.
Fed Chair Jerome Powell quashed speculation last week that the central bank could slow the pace of its rate rises, saying interest rates would likely stay higher, for longer.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New iPhone shipments slowed by COVID lockdown at factory in ChinaApple Inc. is warning customers they'll have to wait longer to get its latest iPhone models after anti-virus restrictions were imposed on a contractor's factory in central China.
Read more »
Asian markets mostly rise as investors watch for signs of China relaxing COVID restrictionsAsian stocks advanced Monday as investors weighed uncertainties such as the U.S. mid-term elections and China's possible moves to ease coronavirus restrictions.
Read more »
Apple expects iPhone 14 shipments to be delayed by Covid restrictions in China | EngadgetCOVID-19 restrictions at Foxconn's primary iPhone 14 factory in Zhengzhou, China means shipments will be lower than anticipated,.
Read more »
Apple Warns Covid Restrictions in China Are Hurting iPhone ProductioniPhone 14 production has been temporarily reduced because of Covid-19 restrictions at its primary iPhone 14 Pro and iPhone 14 Pro Max assembly plant in Zhengzhou, China.
Read more »
Apple warns Covid restrictions in China are hurting iPhone productionA factory in Zhengzhou is operating at “significantly reduced capacity” amid a local outbreak, the company said, meaning longer wait times for customers.
Read more »
You May Have to Wait for Your New iPhone Amid Delays Over China COVID LockdownsApple warned iPhone 14 Pro and iPhone 14 Pro Max shipments will be lower due to COVID-19 restrictions imposed on a contractor's factory in central China.
Read more »