Stock Market & Investment News
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Wheat rises over 4% on global supply woes; corn, soybeans firm
SINGAPORE: Chicago wheat futures rose more than 4% on Monday, rising for a second session in three as worries over supplies from the Black Sea region and strong demand underpinned prices. Corn gained 1.7% while soybeans were up nearly 1%. Read full story
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Asia shares brace for US inflation, euro up on ECB bets
SYDNEY: Asian shares made a muted start on Monday as caution gripped ahead of a critical reading on U.S. inflation, while the euro gained on the yen amid wagers the European Central Bank will take a major step toward policy tightening this week. Read full story
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Australian shares track global equities lower; NZ closed
SYDNEY: Australian shares fell on Monday, pulled down by a slide in global equities on Friday as U.S. jobs data signalled the Federal Reserve will likely continue raising interest rates to ease inflation. Read full story
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China May services activity contracts for third straight month
BEIJING: China’s services activity contracted for a third straight month in May, pointing to a slow recovery ahead despite the easing of some COVID lockdowns in Shanghai and neighbouring cities, a private business survey showed on Monday. Read full story