The Consumer Price Index, which tracks costs for household goods and services, rose 0.1 percent compared to May, a notch above analyst forecasts, the Labor Department reported.
"Since then, based on incoming data and other developments, it appears that uncertainties around trade tensions and concerns about the strength of the global economy continue to weigh on the USA economic outlook", Powell said in testimony before the House Financial Services Committee. Economists had expected jobless claims to inch up to 223,000.
Delta Air Lines will be reporting earnings before the bell.
U.S. stocks surged to record highs after the chairman of the Federal Reserve gave his strongest hint yet that interest rates will be reduced.
The pan-European Stoxx 600 was up 0.3 percent by mid-morning.
On the trade front, President Donald Trump earlier tweeted that China is "letting us down in that they have not been buying the agricultural products from our great farmers that they said they would". Trump wanted to examine how far that will scale up as an unfair trade practice. Energy traders now have to price reduction output as operators have shut down 32% of the gulf's oil output and 18% of its natural gas production. Brent crude oil, the global standard, added 24 cents to $67.25 per barrel.
"Since then, based on incoming data and other developments, it appears that uncertainties around trade tensions and concerns about the strength of the global economy continue to weigh on the USA economic outlook", Powell testified.
Asia cautious as everything rides on dovish Powell The greenback was down 0.5 per cent at 107.960 yen, forced off a six-week high of 108.990 scaled the previous day. Two-year yields dropped two basis points to 1.81% in Asian trading after sliding eight basis points on Wednesday.
TOKYO, July 11 (Reuters) - Asian stocks rose and the dollar sagged on Thursday after Federal Reserve Chair Jerome Powell reinforced prospects of a US interest rate cut later this month. He is often quoted in leading print and online publications such as the Wall Street Journal and the Washington Post.
In Asia, Hong Kong's Hang Seng jumped 0.8% to 28,431.80, while the Shanghai Composite index edged 0.1% higher to 2,917.76.
Japan's Nikkei 225 rose 0.51 percent while the Topix gained 0.47 percent. That is down from 1.8 percent in May and the second straight drop.
The U.S. went off the gold standard 48 years ago, and most modern economists agree that the idea would wreak havoc on the economy.
Last year, the Federal Reserve increased interest rates to prevent inflation, a move Trump has claimed has hurt the USA economy.
The Russell 2000 index of smaller company stocks rebounded from a brief slide, gaining 0.2% to 1,565.05.
To the downside, gold will find support at 1,385 and then 1,345.
President Trump has lambasted Powell - whom he appointed as Fed chair in late 2017 - for rate hikes, arguing that they've slowed economic and stock market gains.
With more than 20 years' trading experience, Ed Moya is a market analyst with OANDA, producing up-to-the-minute fundamental analysis of geo-political events and monetary policies in the US, Europe, the Middle East and North Africa.
Just a small glass of juice or soda a day can reportedly increase a person's overall risk for cancer by almost 20 percent. She added: "More research is needed to understand if there is a direct link between sugary drinks and cancer ".
Here, Megan Rapinoe smiles as she holds the FIFA Women's World Cup trophy as the team arrives at the Newark International Airport. The winning team were met with a ticket tape parade in New York City, followed by a ceremony outside City Hall.
Adam Tippetts of the Nye County Sheriff's office, but the man's name was not released, pending notification of his family. Both that temblor and the following day's 7.1 magnitude quake rattled Pahrump, Tippetts said.
Although, it will be argued that he was dismissed by a sensational catch from James Neesham, he didn't look comfortable out there. The top-order that fetched the major chunk of runs (1347) was too good during the league stage that one major implosion was due.
The ASIC French lobby representing firms like Facebook , Google , Amazon , Twitter and Airbnb warned of a wider impact. France imposed a 3% additional tax on companies including Google and Facebook on Thursday, despite U.S. opposition.
This attraction, which opened in 2012 and receives up to 6,000 visitors a day, is said to be unaffected by the blaze. The studio, which is where the Harry Potter movies were made, is also the home of the Harry Potter studio tour .
Target's main advantage over Amazon is that shoppers don't need a membership to have access to these deals. Twitch Sells Out will air both days of Amazon Prime Day , on July 15 and 16, via two 12-hour streams.
The last Volkswagen Beetle has rolled off the production in Puebla, Mexico, marking the end of production of the iconic model. Over the decades that the Volkswagen Beetle was in production, it has meant different things to different people.
This was supposed to be taking the club forward and I never got that chance - and that still rankles with me". The next season they spent £100million [with his successor Marco Silva in charge] and finished eighth'.
One of the more impressive parts of the line, however, is the agreement West struck in 2013 to move Yeezy from Nike to Adidas. West also mentioned that he ultimately aims for the buildings to become affordable housing - potentially for the homeless.
Flight AC33 departed Vancouver International Airport late Wednesday night bound for Sydney with 269 passengers and crew onboard. The turbulence happened at 36,000 feet (10,973 meters) about 600 miles (966 kilometers) southwest of Honolulu, said U.S.
‘We do not believe Labour has the will to stop antisemitism’
In one of those cases, Labour claims the program deceptively edited the content of an email sent by Milne to change the meaning. Dan Hogan, who was an investigator in the disputes team, raised issues about Ms Formby - the most senior employee in the party.
CBA customers complain of Eftpos outages
The spokesperson also said the cause of the problem is not internal but due to "one of [its] telecommunication providers". Commonwealth Bank of Australia said some services are back to normal and it thanked customers for their patience.
Chargers' Gordon wants trade if no deal
The Chargers were one of the better teams in football a year ago in large part due to Gordon on the ground and through the air. Though he has battled some knee injuries, he has been one of the most productive backs in the league when healthy.
7-Eleven Is Giving Away Free Slurpees Today
Grab a classic flavor like Wild Cherry or Pina Colada, or try the new Blue Lemonade flavor. On Thursday only, every customer can enjoy one free, small Slurpee at 7-Eleven stores.
New Rumors Claim Apple to Launch Notchless iPhone in 2020
The new range of iPhones are expected to feature OLED displays with varying screen sizes of 5.4-inches, 6.1-inches and 6.7-inches. Apple changed how phones were designed when it released the iPhone X in 2017 and introduced the world to the notched displays.
Japanese probe makes successful touchdown on asteroid
Prior to that, two small robotic rovers also launched from Hayabusa2 successfully landed on Ryugu on September 22, JAXA confirmed. Hayabusa2 is expected to leave the asteroid to return to Earth at the end of next year, with the samples for scientific study.
Arsenal angry as Koscielny snubs US tour
This stance has clearly angered Koscielny, who believes after nine years of service he deserves to leave on his terms. Brazilian teenager Gabriel Martinelli has been the only new arrival so far.
Edu announced as Arsenal technical director
Arsenal's purse strings have been tightened by their failure to qualify for the Champions League for a second successive season. Edu was the general coordinator of the Brazil national team and helped the team to win Copa America on Monday.