Wellthy has raised $25M to provide its tech-enabled care concierge service, which helps caregivers feel less overwhelmed, as a benefit for health plans and hundreds of employers.
The US inflation rate is continuing its slow decline, while China's Consumer Price Index (CPI) is moving towards deflation and Producer Price Index (PPI) deflation has worsened; details revealed in the Asia Market Update.
Asian stocks were struggling to gain ground and the dollar was strong on Wednesday as investors anxiously awaited U.S. inflation data that could potentially hinder expectations of interest rate cuts if inflation does not decrease significantly.
The recent COVID-19 outbreak in China has caused concern among traders and banking sources of a slowdown in trading volume, with more than half a dozen people having contracted the virus or heard of peers testing positive.
European markets are set to open higher on Tuesday, with U.K. markets reopening after a public holiday, as investors anticipate upcoming U.S. inflation reports.
China's imports contracted in April, while exports grew at a slower pace than expected, highlighting signs of weak domestic demand and putting pressure on an already struggling economy.