Compiled by MarketsFarm
WINNIPEG, June 14 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
- Despite earlier expectations of another interest rate hike by the United States Federal Reserve, indications on Wednesday pointed to a rate freeze. The possibility of the about-face came after the Bureau of Labor Statistics reported on Tuesday that inflation in the U.S. fell from 4.9 per cent annualized in April to four per cent in May. The Fed is scheduled to make its announcement at 1 pm CDT, with its chair Jerome Powell holding a press conference 30 minutes later.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
- Microsoft’s US$69 billion takeover of Activision Blizzard was halted on Tuesday pending a hearing on June 22. The U.S. Federal Trade Commission filed an injunction with the courts because it believes the deal would allow Microsoft’s Xbox to have exclusive access to Activision games, shutting out competitors such as Nintendo and Sony. In April, the United Kingdom Competition and Markets Authority blocked the takeover there, citing it could impede innovation and reduce consumer choice.
- Russia continued its missile strikes on Ukrainian cities on Wednesday, this time targeting Odesa. Reports said three people were killed and 13 more were injured as a missile struck a warehouse. Officials stated there may be more dead and wounded as the rubble is cleared. The attacks come just as Ukraine ramped up its counter-offensive. Also of note, Russia began moving some of its tactical nuclear weapons into neighbouring Belarus.
