Today: 23 May 2026
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Inflation 27 January 2026 - 1 February 2026

Dow Jones today: Warsh Fed pick and hot inflation data hang over Monday’s open

Dow Jones today: Warsh Fed pick and hot inflation data hang over Monday’s open

The Dow fell 179.09 points, or 0.4%, to 48,892.47 Friday after Trump named Kevin Warsh as his pick for Fed chair and producer inflation came in hotter than expected. Thom Tillis said he would block Warsh’s confirmation until a Justice Department probe into Powell ends. The S&P 500 dropped 0.43%, Nasdaq lost 0.94%. The January U.S. jobs report is due next Friday.
Dow Jones slips on Warsh Fed pick and inflation data — what to know before Monday’s open

Dow Jones slips on Warsh Fed pick and inflation data — what to know before Monday’s open

The Dow Jones fell 179.09 points Friday, closing at 48,892.47, but gained 1.7% for January, its ninth straight monthly rise. Gold futures plunged 11% and silver 31%, their steepest drops since 1980. The U.S. government entered a shutdown early Saturday as Congress missed a funding deadline. Investors are watching Trump’s plan to nominate Kevin Warsh as Fed chair and the latest inflation data.
Citigroup stock edges up as Trump taps Warsh for Fed, inflation data tests rate bets

Citigroup stock edges up as Trump taps Warsh for Fed, inflation data tests rate bets

Citigroup shares rose 0.4% to $115.65 Friday, outperforming a broader U.S. stock decline as investors eyed a midnight federal funding deadline and awaited next week’s jobs report. The move followed Donald Trump’s nomination of Kevin Warsh for Fed chair and a surprise jump in producer prices. Most major bank stocks were little changed. The Fed left rates steady this week at 3.50%-3.75%.
City Developments stock flat at S$9.34 as MAS flags inflation risks; Feb 27 results in focus

City Developments stock flat at S$9.34 as MAS flags inflation risks; Feb 27 results in focus

City Developments shares traded at S$9.34 as of 3:18 p.m. Friday, steady after earlier volatility. Singapore’s central bank left its policy unchanged, warning of upside risks to growth and inflation. CDL will announce FY2025 results before market open on Feb. 27, with a briefing at 10 a.m. Investors are watching for updates on sales, funding costs, and 2026 outlook.
Australia stock market today: ASX 200 snaps winning streak as inflation jolts RBA rate-hike bets

Australia stock market today: ASX 200 snaps winning streak as inflation jolts RBA rate-hike bets

Australian shares ended lower Wednesday, with the S&P/ASX 200 down 0.09% after inflation data showed annual CPI at 3.8%. Swaps now price a 73% chance of a February rate hike. Electricity prices surged 21.5% over the year. The Australian dollar hovered near 69.9 U.S. cents late in the session.
WiseTech Global (ASX:WTC) share price hits 52-week low as inflation shock fuels rate-hike bets

WiseTech Global (ASX:WTC) share price hits 52-week low as inflation shock fuels rate-hike bets

WiseTech Global shares fell 3.8% to A$60.70 in Sydney, hitting a 52-week low as traders braced for a possible Reserve Bank of Australia rate hike next week. Australia’s trimmed-mean CPI rose 3.4% year-on-year in the December quarter. The S&P/ASX 200 closed down 0.09%, with tech stocks leading declines. WiseTech reports half-year results on Feb. 25.
28 January 2026
Macquarie (ASX:MQG) share price slips as Australia inflation shocks rate bets — what investors watch next

Macquarie (ASX:MQG) share price slips as Australia inflation shocks rate bets — what investors watch next

Macquarie Group shares fell 1.1% to A$212.84 on Wednesday after hotter-than-expected inflation data raised market bets on a Reserve Bank of Australia rate hike next week. The trimmed mean CPI rose 0.9% in the December quarter, lifting the annual rate to 3.4%. The ASX 200 slipped 0.09%, while the Australian dollar hovered just below 70 U.S. cents. Macquarie made no new disclosures to the market.
Mineral Resources (ASX:MIN) share price slips after inflation shock as quarterly report looms

Mineral Resources (ASX:MIN) share price slips after inflation shock as quarterly report looms

Mineral Resources fell 0.9% to A$63.41 in Sydney after touching a record A$65.08, ahead of its December-quarter results due Thursday. Rising core inflation pushed expectations for a Reserve Bank rate hike next week, pressuring risk assets. The S&P/ASX 200 slipped 0.09%, led by declines in IT and healthcare. China’s record iron ore imports and volatile lithium prices remain key factors for the miner.
Diageo share price slips as UK inflation gauge jumps and rate bets reset

Diageo share price slips as UK inflation gauge jumps and rate bets reset

Diageo shares fell 0.7% to 1,643.4 pence in early London trade Tuesday, after closing at 1,655 pence. The British Retail Consortium’s shop price index rose 1.5% in January, the fastest annual pace since February 2024, with food prices up 3.9%. A Reuters poll shows most economists expect the Bank of England to hold rates at 3.75% next week. Diageo reports interim results on Feb. 25.
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Stock Market Today

  • Morinaga Milk Industry Valuation Post Stock Split Highlights Potential Undervaluation
    May 23, 2026, 12:51 AM EDT. Morinaga Milk Industry (TSE:2264) approved a stock split effective July 1, 2026, boosting investor interest. The stock price gained 4.64% last week and 25.92% year-to-date, with a 1-year total shareholder return of 49.37%. Trading at a price-to-earnings (P/E) ratio of 17x, below the peer average of 33.6x but above the Japanese food industry average of 15.3x, the valuation reflects mixed signals. While the P/E suggests fair value relative to earnings, discounted cash flow (DCF) analysis estimates intrinsic value nearly double the current price, indicating potential undervaluation. Investors face a choice between P/E-based market pricing and deeper value suggested by future cash flow. The developments warrant close monitoring of growth prospects and governance changes at Morinaga Milk Industry.

Latest articles

Dow Hits Record Close; All Eyes Turn to Holiday-Week Trading

Dow Hits Record Close; All Eyes Turn to Holiday-Week Trading

23 May 2026
The Dow closed at a record 50,579.70 on Friday, while the S&P 500 notched its eighth straight weekly gain. After-hours trading saw SPY, QQQ, DIA, and IWM all move lower. U.S. markets will be closed Monday for Memorial Day. Investors await Thursday’s inflation data.
IREN Stock Pauses as Nvidia Rally Cools Before Holiday

IREN Stock Pauses as Nvidia Rally Cools Before Holiday

23 May 2026
IREN shares fell 2.1% to $56.83 Friday, ending a two-day rally but closing the week up 7.4%. The stock’s moves follow a $3.4 billion AI cloud deal with Nvidia and a $3 billion convertible note offering. March-quarter revenue dropped to $144.8 million, with a net loss of $247.8 million. U.S. markets close Monday for Memorial Day; trading resumes Tuesday.
AXT stock reaches record; investors weigh risk to rally

AXT stock reaches record; investors weigh risk to rally

23 May 2026
AXT shares jumped 16.37% to $140.83 on Friday, hitting a 52-week high and trading above all recent analyst targets. The surge followed strong demand for AI-linked optical networking hardware and a sharp rise in indium phosphide orders. First-quarter revenue climbed to $26.9 million, with gross margin turning positive. Management forecast Q2 profitability and a backlog over $100 million.
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