US stocks close lower as inflation data emerges

Events: U.S. Defense Secretary Lloyd Austin and South Korean Defense Minister Shin Won-sik hold the first ministerial-level meeting in Seoul with the U.N. Command, the multinational force created during the Korean War. Joseph Li, the state-appointed Catholic archbishop of Beijing, begins a five-day trip to Hong Kong. Taiwan’s Central Election Commission will decide whether Foxconn Technology Group founder Terry Gou has at least 290,000 voter signatures to run for president.

Economic indicators: New Zealand will begin publishing additional monthly price indices for alcohol, tobacco, petrol and diesel products, as well as airline ticket and hotel costs, to help the central bank and economists more accurately forecast quarterly headline inflation.

Company results: Japan’s Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, SMC and Toshiba report second-quarter results, while Taiwan’s Foxconn (Hon Hai Precision Industry) and China’s Tencent Music Entertainment Group report third-quarter results.

Olly Dawes

Olly Dawes is a Nytimas U.S. News Reporter based in London. His focus is on U.S. politics and the environment. He has covered climate change extensively, as well as healthcare and crime. Olly Dawes joined Nytimas in 2023 from the Daily Express and previously worked for Chemist and Druggist and the Jewish Chronicle. He is a graduate of Cambridge University. Languages: English. You can get in touch with me by emailing:

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