Coffee Break World View 2 June

Coffee Break World at a glimpse 2nd June 2023

QUOTES

• “It’s the friends you can call up at 4 a.m. that matter.”
• “I don’t like to commit myself about heaven and hell — you see; I have friends in both places.”
• “The best thing about the future is that it comes one day at a time.”
• “I thought I was wrong once, but I was mistaken.”

European Markets June 2nd Scroll down (data go to www.truedata.in)

WORLD MARKETS

• US Congress averts historic default, approves debt-limit suspension
• Markets feel Friday cheer as signs point to Fed pause
• U.S. stock indexes closed up on Thursday as signs of slowing wage pressure on inflation raised hopes the Federal Reserve will pause raising interest rates in two weeks, and investors welcomed a vote in Congress to suspend the U.S. debt ceiling. This report produced by Freddie Joyner.
• Avoid large technology stocks -market strategist
• Friday jobs report could determine next Fed move -market strategist
• OPEC+ meet leaves oil prices hanging in the balance
• Wall St falls as labour data spurs rate hike jitters
• Small caps, financials key to US stock market now -market strategist
• US economy may be 'accelerating' -market strategist
• US job openings unexpectedly rise in April
• Lufthansa's ITA deal heralds more European airline tie-ups
• Rupee to rise more after dollar's biggest fall in a month
• Stocks surge in Asia as US averts default, Fed pause be
• Swedish private equity firm EQT has agreed to buy London-listed veterinary drugmaker Dechra Pharmaceuticals for 4.46 billion pounds ($5.62 billion) in the biggest takeover deal in Britain so far this year.
• Slower US job, wage gains expected in May
• Goldman Sachs to cut more jobs, eyes sharp fall in markets revenue
• Macron struggles to kick France's spending habit
• BOJ's Ueda keeps free hand, says no time frame for achieving price goal
• South Korean inflation cools to 19-month low, core remains higher
• Sri Lanka surprises with 250 bps rate cut, signals rebound from crisis
• Brazil lifts 2023 growth outlook thanks to booming farm sector
• Global factories struggle for momentum amid patchy demand
• SAS shares fall sharply after losses
• Macau casinos boom as visitors flock back
• Russian fashion brands plug gaps left by Western rivals
• European stocks rebound after U.S. debt deal
• UK house prices fall by most since 2009, higher rates to bite, Nationwide says
• UK factory output contracts again in May
• US weekly jobless claims rise slightly; labour market defies recession fears
• Russia to hold rates next week, 2023 GDP growth may improve, poll shows
• Euro zone inflation tumbles, fuelling ECB rates debate
• As power crisis grips South Africa, Cape Town makes a plan to keep lights on
• South African factory activity contracts for fourth straight month
• German manufacturing shrinks at fastest in three years in May
• China new home prices, sales fall on soft demand in May
• India's May factory activity grows at fastest pace since Oct 2020
• China's factory activity swings to surprise growth in May
• Banks break taboo for high-risk bonds
• Oil prices rise as Congress approves US debt ceiling bill
• 'Relentless' heatwaves scorch southern China, test power grids
• Japan's Nikkei closes at 32-year high as US default fears ease
• California, New York pensions vote against Toyota chairman
• SoftBank shares swept up in AI chip frenzy ahead of Arm IPO
• Twitter's head of trust and safety says she has resigned
• Newly approved US flights by Chinese airlines avoid Russian airspace
• Australia's largest pension fund freezes work with auditor PwC
• Japan privacy watchdog warns ChatGPT-maker OpenAI on user data
• US debt-ceiling deal dooms Biden's revolutionary tax plans
• OPEC+ unlikely to deepen oil supply cuts at June 4 meeting, sources say
• Volkswagen brings VW bus back to North American market after 20 years
• Russia says US hacked thousands of Apple phones in spy plot
• Global airline summit to tackle travel boom, climate goals
• Exclusive: US looks to buy TNT from Japan for Ukraine artillery shells
• Ukraine says it downed 36 Russian missiles and drones
• 'Stop yelling': Top Chechen fighter scolds Russia's mercenary chief
• BRICS ministers put on show of strength as Putin arrest warrant looms large
• India's main opposition Congress party’s leader Rahul Gandhi holds a news conference at party’s headquarter in New Delhi
• India opposition leader Rahul Gandhi takes a dig at Modi over China in US visit
• Harry to become first British royal in 130 years to give evidence in court
• Japan demographic woes deepen as birth rate hits record low
• South Korea slaps sanctions on North's hacking group after failed satellite launch
• People riding bicycles make their way in the heavy rain in Kochi
• Australia hikes minimum wage as living costs surge
• Indonesia pushes tourism to boost mangrove restoration
• Dev Shah, 14, crowned US National Spelling Bee champion
• New Tiananmen museum opens in New York ahead of June 4 anniversary
• Smoke from the Tantallon wildfire rises over houses in nearby Bedford
• Canada sends military to help battle blazes in Nova Scotia
• El Salvador president pledges white-collar prison in 'war' on corruption
• Haiti rights group decries 'inhumane' conditions in police jails
• Meta to test limiting some news access on Facebook, Instagram in Canada
• Deadly protests rock Senegal as opposition leader sentenced to jail
• Gambia hires US law firm to consider action on toxic Indian cough syrup, minister says
• Fleeing Sudanese seek refuge in Chad
• More than 100,000 flee to Chad from Sudan conflict, UNHCR says
• Ghana unions request time to mull $2.7 bln pension fund restructuring offer
• Bronze statues discovered in muddy ruins of an ancient spa in San Casciano dei Bagni a hilltop village in southern Tuscany
• Sudanese artists flee home with memoirs carried in their paintings
• Amazon Web Services India head resigns - spokesperson
• UK's FTSE 100 rises as US averts default; Dechra at 2-week high

INDIA NEWS

• Indian opposition leader Rahul Gandhi on Thursday criticized Prime Minister
• Google leads funding round for Indian space startup Pixxel
• Indian shares up on Fed pause hopes; Hero climbs on strong sales
• Rupee reaches 2-wk high on weak dollar, eyes US jobs data
• Investment more than consumption leading India's economic growth, economists say
• Pope accepts resignation of India bishop accused of rape
• India's goods and services tax receipts rise 12% year over year in May
• Foxconn to make iPhones in India's Karnataka by next April
• India clocks robust SUV sales in May, two-wheeler volumes rise
• AerCap says jet recovery dispute will hit Indian airline costs
• Rupee to rise more after dollar's biggest fall in a month
• China, India receive record Russian crude oil in May, data show
• Indian shares end lower on profit booking after strong domestic growth data
• PM Modi To Be Invited For Consecration Ceremony At Ayodhya's Ram Temple
• Amazon Web Services India Head Puneet Chandok Resigns
• Maharashtra SSC Result Declared, Overall Pass Percentage At 93.83
• "Beacon Of Courage": PM Modi On Coronation Anniversary Of Chhatrapati Shivaji
• #MeToo-Accused Wrestling Chief Says Show Of Strength In UP Postponed
• Sedition Law Needed, Says Centre's Panel, Suggests Tougher Punishment
• "Outsiders Have Gone, Now Everyone Is Insider": RSS Chief Mohan Bhagwat
• Groping, Intimidation, Stalking: Charges Against Wrestling Chief In FIRs
• 26/11 Attack Accused Tahawwur Rana Challenges Against Extradition To India
• Gujarat Firm Blamed For Eye Drop Infections By Sri Lanka, Probe On
• Yogi Adityanath Announces Rewards For Top Performing Civic Bodies In UP
• Terrorist Killed In Encounter In Jammu And Kashmir's Rajouri
• 20-Year-Old Developer from Indore Asmi Jain Wins Apple Swift Student Challenge
• 90-Year-Old UP Man Sentenced to Life For Killing 10 Dalits In 1981
• Japan Ambassador Takes Ride in Mumbai Local, Explores Markets.
• Madhya Pradesh Orders Probe After Schoolgirls Allegedly Made To Wear Hijab
• "Muslim League Is Secular Party": Rahul Gandhi On Congress Ally in Kerala
• Delhi Murder Case: Police Recover Knife Used by Accused to Kill Girlfriend
• Gold Worth Rs 20 Crore Seized in Joint Operation Near Tamil Nadu Coast
• Rajasthan Sees Record-Breaking Rain in May After 100 Years: Weather Office
• Rajasthan has received 62.4 mm rainfall in May this time, the highest for the month in the past over 100 years, the said on Thursday.
• Foreign National Arrested for Lewd Act with Woman Doctor In Noida: Cops
• "Will Win by 50,000 Votes": Trinamool Vow in Suvendu Adhikari's Nandigram
• "Islam Secure in India for Centuries": RSS Chief Mohan Bhagwat
• Bhojpuri Singer Injured in Alleged Celebratory Firing During Show In Bihar
• Delhi's Law Office Directs Officials to "Strictly" Follow Centre's Ordinance
• 74% Indian Workers Worried AI Will Replace Their Jobs: Microsoft Report
• UPI Hits Record 9 Billion Transactions Worth Rs 14 Lakh Crore in May
• US-Based Investment Firm GQG Plans to Buy More Adani Stocks: Top Official

European Markets 2nd June

STOCKS

• Index????????????????????????Last???????????????????????????% Change
• FTSE 100????????????????7,539.85???????????????????+0.66%
• DAX??????????????????????????15,987.11????????????????+0.84%
• CAC 40????????????????????7,203.55???????????????????+0.93%
• IBEX 35???????????????????9,239.40???????????????????+0.78%

COMMODITIES

• Future ???????????????????????Last???????????????????????????% Change
• Brent Crude Oil???????74.94????????????????????????+0.89%
• Gold??????????????????????????1,976.60???????????????????-0.07%
• Copper????????????????????? 721.30?????????????????????+0.75%
• CBOT Soybeans?????1,327.25???????????????????-0.17%

CURRENCIES

• Exchange?????Last??????????????? % Change
• EUR/USD?????1.0762???????????+0.01%
• GBP/USD?????1.2529???????????+0.03%
• JPY/USD??????0.0072???????????-0.17%
• CNY/USD?????0.1413???????????+0.27%

YIELDS

• Name ???????????Yield?????????????Change
• US 10Y?????????3.618????????????+0.01
• DE 10Y?????????2.28??????????????+0.03
• UK 10Y?????????4.159????????????+0.034
• JP 10Y??????????0.413????????????-0.008