Stocks mixed...Cyberattack purpose...EU inflation low
TOKYO (AP) — Global shares were mixed today with European benchmarks bouncing back after a bleak start to the day in Asia. Wall Street futures were unchanged. Benchmark U.S. crude oil rose beyond $45 a barrel . The dollar fell against the yen and strengthened against the euro.
PARIS (AP) — Security researchers say a cyberattack that caused indiscriminate economic damage around the world was apparently designed to create maximum havoc in Russia’s neighbor and adversary Ukraine. While the rogue software used in the attack was configured as “ransomware,” that may have just been a ruse. While Ukraine bore the brunt of the attack, Microsoft said the malware hit at least 64 nations, including Russia, Germany and the United States.
BRUSSELS (AP) — Official figures show that inflation across the 19-country eurozone fell to its lowest level this year as energy prices came off the boil. Eurostat, the EU’s statistics agency, says that eurozone consumer prices rose 1.3 percent in the year to June, down from 1.4 percent the month before. The last time inflation was lower was December.
TOKYO (AP) — Japan and the European Union are rushing to finalize an agreement on easing barriers between their huge economies to help counter the backlash against free trade by U.S. President Donald Trump. The two sides hope to have a deal before the Group of 20 industrial nations meets next week in Germany. Local reports said one main point of disagreement was Japan’s up to 40 percent tariffs on imported cheese.
BEIJING (AP) — China’s manufacturing activity accelerated in June, helped by stronger foreign demand for Chinese goods. The monthly purchasing managers’ index issued today by the Chinese statistics bureau and an industry group rose to 51.7 from May’s 51.2 on a 100-point scale on which numbers above 50 show activity expanding. The Federation of Logistics & Purchasing said it was the 11th straight month of improvement.