2023-06-16 15:06:07
(Illustration: Camille Charbonneau)
NEWS ESSENTIALS
• Central banks, awaiting relief on inflation, lean towards higher rates. Two years following facing rising inflation, the world’s major central banks are still awaiting a turning point in their favour, with monetary policy tightening ever more and policymakers pursuing their common goal of higher inflation. at 2%.
• Intel is investing US$4.6 billion in a new semiconductor manufacturing facility in Poland. Intel will invest up to $4.6 billion in a new semiconductor assembly and test facility near Wrocław, Poland, as part of a multi-billion dollar investment drive across the Europe to increase its production capacity.
• The United Kingdom authorizes the acquisition by Amazon of iRobot, maker of Roomba, for 1.7 billion dollars. The British competition authority has cleared the proposed acquisition of iRobot, maker of the Roomba vacuum cleaner, by Amazon.com for an amount of 1.7 billion US dollars.
• Chinese President Xi Jinping tells Bill Gates that he is in favor of bringing American AI technologies to China. Chinese President Xi Jinping spoke with Bill Gates regarding the global rise of artificial intelligence (AI) and said he was in favor of American companies, including Microsoft, bringing their AI technology to China, according to two sources familiar with these discussions.
• Will cost reductions help FedEx close the margin gap with UPS? FedEx might see profits rise on the back of cost-cutting undertaken last year, but its investors will want to know whether those moves have allowed it to catch up to rival United Parcel Service on the margin front.
TRENDS BEFORE OPENING
Major Canadian stock indexes advanced, supported by rising gold prices, as the US dollar headed for its biggest weekly decline since January. Wall Street futures were little changed as the U.S. Federal Reserve signaled interest rates might rise further this year, while signs of easing price pressures and slowing economic growth held steady. market sentiment under control. European equities rose on the back of rising values in the healthcare and utilities sectors at the end of a week dominated by central bank policy decisions. Japan’s Nikkei hit a new three-decade high, while the yen fell to a 15-year low once morest the euro as investors welcomed the Central Bank of Japan’s decision to keep its metrics unchanged ultra-light policy. Oil prices fell due to a weaker economic outlook.
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