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.
After Apple Inc (NASDAQ: AAPL) released positive quarterly results, the S&P 500 and Dow experienced their largest single-day percentage gains since January 6th due to decreased market volatility.
The COVID-19 pandemic has caused an increase in North Carolina business startups as more individuals choose to pursue their own entrepreneurial dreams or take control of their job prospects.