News updates from June 26: Mark Rutte appointed Nato secretary-general; Yen drops to lowest level since 1986

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Financial Times 5d ago

News updates from June 26: Mark Rutte appointed Nato secretary-general; Yen drops to lowest level since 1986 - Financial Times

Quick Summary:

US stocks snapped a three-day losing streak on Tuesday, thanks to a rebound in Big Tech stocks.The S&P 500 rose 0.4 per cent, led higher by a near-7 per cent increase for chip designer Nvidia.

The tech-dominated Nasdaq Composite fell 0.1 per cent, eroding its 1.2 per cent gain in the previous session.Shares in Nvidia rose 0.2 per cent.

Australia’s consumer price index rose to 4 per cent in May, accelerating from a 3.6 per cent rise in April and complicating the path to rate cuts for the country’s central bank.