- Reuters
Stocks rise, dollar drifts ahead of US inflation report
Asian stocks rose on Wednesday while the dollar drifted lower as traders weighed mixed U.S. producer price data and braced for the crucial consumer price report later in the day that is likely to influence the Federal Reserve's near-term policy path. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.38%, scaling a fresh 15-month high earlier in the session. Japan's Nikkei gained 0.58%.
- Lebron Wire
Lakers will be at ‘front of the line’ to trade for Donovan Mitchell if available
If Donovan Mitchell demands a trade and becomes available this summer, the Lakers will reportedly look to pounce.
- Reuters
UPDATE 1-China's central bank leaves key policy rate unchanged
China's central bank left a key policy rate unchanged when rolling over maturing medium-term lending facility (MLF) loans on Wednesday, in line with market expectations. The steady MLF rate shows the central bank's focus on keeping currency stability, analysts say, even as an unexpected credit contraction in April added to the case for more policy stimulus to prop up the world's second-largest economy. The MLF loan operation also comes days ahead of the finance ministry's scheduled sales of the first batch of 1 trillion yuan in ultra long-term special treasury bonds.
