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The Latest Breaking News from ECB

Inflation is moving in different directions in Europe. It hit 6.8% in Germany and 1.6% in Spain

Inflation is pushing in different directions in Europe, rising in Germany and falling again in Spain

The Independent UK

England one-day captain Jos Buttler offered game-changing multi-year IPL deal

England white-ball captain Jos Buttler has been a regular for IPL franchise Rajasthan Royals since 2018 and they are planning to offer him a big money multi-year deal to represent all their franchises

Daily Mirror

Stocks Stable Despite Hawkish Central Bankers and Possible New U.S. Chip Restrictions

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Wednesday fell -0.04%, the Dow Jones Industrials Index ($DOWI ) (DIA ) fell -0.22%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) rose +0.12%. Stocks were undercut as central bank chiefs Wednesday kept up their hawkish...

Barchart

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Dollar Sees Support from Hawkish Powell Comments

The dollar index (DXY00 ) on Wednesday rose by +0.40% as the market focused on Fed Chair Powell’s comment that he would not “at all” rule out two consecutive rate hikes. The markets are discounting only one +25 bp rate hike through year-end. Meanwhile, EUR/USD (^EURUSD ) fell -0.41% on...

Barchart

'Drastic change' is needed after 'distressing' incidents at Bristol's cricket clubs

A two-year inquiry found widespread problems with the national sport

Bristol Post

Europe moves closer to creating the digital euro—but privacy fears persist

Will the digital euro retain the privacy features of cold, hard cash?

Fortune

Stocks Mixed Despite Hawkish Central Bankers

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.01%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.5%. Stocks are mixed despite central bank chiefs hawkish language...

Barchart

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Top central bankers assert need for higher interest rates to tackle persistent inflation

Several of the world's top central bankers got together, and their message was clear: interest rates could go even higher to combat inflation

The Independent UK

Central Bankers Maintain Their Hawkish Bias at ECB’s Policy Forum

Central bank chiefs kept up their hawkish language as they appeared today on a policy panel at the ECB’s policy retreat in Sintra, Portugal. Fed Chair Powell said he won’t take two consecutive rate hikes off the table “at all.” Powell also said, “Policy hasn’t been restrictive for very long....

Barchart

Stocks Mildly Lower on Hawkish Central Bankers

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.32%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.41%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.25%. Stocks are mildly lower this morning as central bank...

Barchart

Ex-Essex player Jahid Ahmed: Racism probe being dragged out to protect accused

Ahmed first made his allegations in 2021.

The Independent UK

Markets Today: Stocks Mildly Lower on Negative AI News

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.20%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.38%. Nvidia (NVDA ) and other AI chip stocks are leading the markets lower this morning after the Wall Street Journal late Tuesday reported that the...

Barchart

Racism case: Yorkshire County Cricket Club faces 500,000 pounds fine

According to British media reports, the England Wales Cricket Board (ECB) has informed an independent Cricket Discipline Commission (CDC) panel that Yorkshire should be imposed a fine of £500,000 ($636,600) and face point deductions due to their mishandling of racism allegations raised by former player Azeem Rafiq.

The Times of India

UK business minister says Thames Water must survive; Bank of England governor understands criticism over rate hike – as it happened

Rolling coverage of the latest economic and financial news, as government begins drawing up contingency plans for the collapse of Thames Water

The Guardian - UK

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Stocks Rally on Resilient U.S. Economy

What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed up +1.15%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.63%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.75%. Stocks rose on tech-stock leadership, with the Nasdaq...

Barchart

Euro Sees Support from Hawkish Lagarde Comments

The dollar index (DXY00 ) Tuesday fell -0.21%, while EUR/USD (^EURUSD ) rose +0.43% on hawkish comments by ECB President Lagarde. USD/JPY (^USDJPY ) rose +0.37%. Tuesday’s May U.S. durable goods orders report of +1.7% m/m was stronger than expectations of -0.9%. Also, capital goods orders ex-defense and ex-aircraft, a...

The Guardian - UK

I made my way in cricket but it is clear that was against the odds

The ICEC report will hopefully be seen as a landmark but the game reflects the society that exists around it

The Guardian - UK

Gloom at Yorkshire as proposed punishment emerges for scandal

Threat of huge fines and points deductions after racism scandal means darkness in the skies and among supporters

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Crude Oil Prices Close Lower as Economic Concerns Dominate

August WTI crude oil (CLQ23 ) Tuesday closed down -1.67 (-2.41%), and Aug RBOB gasoline (RBQ23 ) closed down -3.27 (-1.33%). Crude oil fell as concern resurfaced about Chinese and global economic growth. ECB President Lagarde Tuesday reiterated hawkish comments. Also, there is no longer any concern about Russian oil...

The Guardian - UK

The Guardian view on cricket: infused with racial, sex- and class-based bigotry

Editorial: To understand the nature and extent of inequity requires going beyond the game to history itself

Daily Mirror

Rishi Sunak demands sport 'be open to everyone' after damning report into cricket

The Winchester-educated PM has previously spoken of his love for the sport, which has come under scrutiny since former Yorkshire spin bowler Azeem Rafiq’s allegations of racism in 2020

Barchart

Crude Oil Prices Lower as Economic Concerns Dominate

August WTI crude oil (CLQ23 ) today are down -0.78 (-1.12%), and Aug RBOB gasoline (RBQ23 ) are unchanged. Crude oil are lower today as concern resurfaces about Chinese and global economic growth. ECB President Lagarde today reiterated hawkish comments. Also, there is no longer any concern about Russian oil...

Evening Standard

Yorkshire should get £500,000 fine and points deductions over Azeem Rafiq case, ECB recommends

The England and Wales Cricket Board (ECB) has recommended Yorkshire are hit with a £500,000 fine and hefty points deductions across all formats over their handling of the Azeem Rafiq case.

Barchart

Euro’s Interest Rate Advantage Expected to Fade by Year-end

Today’s hawkish comments by ECB President Lagarde gave the euro (^EURUSD ) a small boost. However, the markets are expecting the ECB to be done tightening monetary policy by this autumn or winter, which would eliminate the euro’s current interest rate advantage. At the ECB’s retreat in Portugal, ECB President...

The Guardian - UK

ECB calls for Yorkshire to be hit with record fine over Rafiq scandal

The ECB has recommended Yorkshire be deducted points in all this season’s competitions and the Cricket Discipline Commission will announce their decision in July

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