Bonds & Stocks
Stocks are wrapping up a stellar quarter at all-time highs amid signs of progress in US trade talks while hopes the Federal Reserve will resume its rate cuts drove Treasuries toward their biggest first-half stretch in five years. The dollar eyed its longest monthly slide since 2017.
Economy
It’s a widely held belief among economists that President Donald Trump’s tariffs will boost inflation notably over the next few months. But muted price increases so far have called that assumption into question, emboldening the White House and opening up divisions at the Federal Reserve.
World
European natural gas prices started the week with fresh declines as traders shifted their focus from developments in the Middle East to signs of weak fuel demand in Asia. Benchmark futures for August delivery headed for a seventh session of losses after wiping out 19% last week.