Fed chief Jerome Powell again signals more rate hikes are likely this year, prompting weakness in the equity and energy markets and the focus on the latest round of central bank speakers. Adani Group is back under pressure as U.S. authorities investigate the Indian conglomerate, while the Turkish lira falls to record lows.
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| 📚 Daily Digest | Friday, Jun 23, 2023 | | |  | | | | Powell and Fed speakers, Adani, Turkish lira - what's moving markets | | |  | | © Reuters. | | Fed chief Jerome Powell again signals more rate hikes are likely this year, prompting weakness in the equity and energy markets and the focus on the latest round of central bank speakers. Adani Group is back under pressure as U.S. authorities investigate the Indian conglomerate, while the Turkish lira falls to record lows. | | | | | | | | | | Today's Top News | | Stock Markets | | US retailers' members-only programs under scrutiny with Amazon lawsuit | | Amazon.com isn't the only U.S. retailer accused of using deceptive tactics to sell memberships to shoppers. From big-box chains Walmart and Best Buy to specialty retailers like Savage X Fenty and Adore Me, retailers' subscription programs are facing growing scrutiny. | | | | | | | | | Stock Markets | | GSK settles first Zantac cancer lawsuit due for US trial | | GSK reached a settlement with a U.S. citizen who alleged its discontinued heartburn drug Zantac caused cancer, the British pharmaceutical giant said on Friday, preventing the first such lawsuit from going to trial. | | | | | Economy | | Deepening economic pain leaves ECB in policy dilemma | | Euro zone business growth stalled this month as a manufacturing recession deepened and a previously resilient services sector barely grew, leaving the European Central Bank in a policy dilemma as it presses ahead with rate hikes to fight inflation. | | | | | Stock Markets | | Honda to recall about 1.2 million vehicles in US - NHTSA | | Honda Motor Co is recalling about 1.2 million vehicles in the United States due to an issue with the rearview camera image which may not appear on the display, the National Highway Traffic Safety Administration (NHTSA) said on Friday. | | | | | | | | | | | | |
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