Asian shares climbed in early trade on Tuesday, tracking a Wall Street rally overnight, while the dollar held near a fourth-month low as investors tempered fears about inflation-driven rate hikes
Investors also geared up for key inflation readings later this week
Wall Street's main indexes opened higher on Friday, extending a recovery from the previous session, as attention shifted to business surveys at the end of a volatile week of trading.
Wall Street's main indexes rebounded on Thursday after a three-day slide, buoyed by gains in technology stocks as the smallest weekly jobless claims lifted the mood
Stock markets struggled for traction on Thursday after a jittery session on Wall Street where cryptocurrencies crashed
A couple of Fed policymakers raised concerns that inflation will rise to "unwelcome" levels before the case for policy action becomes sufficiently evident.
Crypto-related stocks take a hit as digital coins tumble; US 10-year Treasury yield firms ahead of Fed minutes
The firm raises its profit forecast
The Dow Jones Industrial Average fell 6.84 points, or 0.02 per cent, at the open to 34,375.29
Wall Street's major indexes are set for their steepest weekly drop since February after stronger-than-expected inflation data, signs of labor shortage and higher commodity prices
World shares were mostly higher on Friday after a broad rally led by tech and financial companies snapped a three-day losing streak on Wall Street. Germany's DAX gained 0.3% to 15,241.57 while the CAC 40 in Paris rose 0.4% to 6,315.27. Britain's FTSE 100 picked up 0.6% to 7,005.56. The future for the S&P 500 gained 0.5% while that for the Dow industrials added 0.3%. Markets rallied late in the week as prices of key commodities such as copper, zinc and aluminum slipped, alleviating concerns over inflation that had triggered sell-offs. Shares in big semiconductor manufacturers were among the biggest gainers. Japan's Nikkei 225 added 2.3% to 28,084.47 and the Kospi in Seoul picked up 1% to 3,153.32, lifted by gains for Samsung Electronics and SK Hynix, which gained 2.3% and 1.3% after announcing plans to expand their investments in chip production and development. In Hong Kong, the Hang Seng advanced 1.1% to 28,027.57. The Shanghai Composite index gained 1.8% to 3,490.38, while ...
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India's total coronavirus infections have risen to 21.5 million, of which about a third were added since mid-April
A growing number of employees are either sick or scrambling to find critical medical supplies such as oxygen for relatives or friends
The new indexes, S&P Bitcoin Index, S&P Ethereum Index and S&P Crypto Mega Cap Index, will measure the performance of digital assets tied to them
Other major companies, including Citigroup Inc and Amazon.com Inc, have resisted ESG shareholder proposals
With more than half of S&P 500 companies having already reported results so far, profits are seen rising 46 per cent in the first quarter
Shares were higher in Europe on Monday after a retreat in Asia, where some markets including those in Tokyo and Shanghai were closed for holidays. London was also closed for the May Day holiday. Hong Kong and Seoul declined while Paris and Frankfurt advanced. US futures were higher. Oil prices were mixed and the yield on the 10-year Treasury note was steady at 1.62 per cent. Markets have mostly climbed in recent weeks as investors remain optimistic that the pandemic is slowly and steadily coming to a close, at least in the United States. Germany's DAX climbed 0.6 per cent to 15,226.91 while the CAC 40 in Paris was 0.5 per cent higher, at 6,298.02. The futures for the S&P 500 and the Dow industrials were up 0.5 per cent. The global recovery from the pandemic remains uneven. In much of Asia and many other countries, coronavirus caseloads have surged while vaccination levels remain low. Hong Kong's Hang Seng lost 1.3 per cent to 28,357.54 and the Kospi in South Korea slipped 0.7 pe
On a weekly basis, both the frontline indices snapped their 3-week losing streak and added around 2 per cent higher each