US stocks edged higher over the week on optimism on future Fed moves. The S&P 500 rose 0.5% and the Dow gained 0.4% for the week. Internationally, Japan was up 1.1% and Europe edged up 0.4% for the week. The yield on the 10-year Treasury was flat over the week ending at 2.09%.
China said it would accelerate funding of infrastructure projects. The move is fresh stimulus for the country’s economy.
The CPI rose 0.1% in May from June and is up 1.8% over the trailing year.
Retail sales rose 0.5% in May, less than expected. April’s number was revised up to 0.3%.
United Technologies and Raytheon agreed to a merger to create an aerospace and defense giant valued at more than $100 billion.