World shares rose Friday, powered by encouraging signs that the U.S. economic recovery from the pandemic is gaining momentum. U.S. futures also were higher. President Joe Biden's proposal for a USD6 trillion budget helped boost buying of shares likely to benefit from heavy government spending. Germany's DAX added 0.4per cent to 15,472.06 and the CAC 40 in Paris also added 0.4per cent, to 6,462.47. In London, the FTSE 100 picked up 0.4per cent to 7,045.51. The future for the S&P 500 was up 0.3per cent and the future for the Dow industrials rose 0.5per cent. Shares in Chinese online retail giant JD.com Inc.'s logistics arm rose 3.3per cent on their first trading day in Hong Kong after the company raised 24 billion Hong Kong dollars (USD3.1 billion) by selling a portion of the unit to outside investors. JD Logistics Inc. is the latest technology company to list in the semi-autonomous Chinese city as Beijing steps up scrutiny of the industry. Its IPO was the second largest for the ..
Shock rise in US CPI stirs fear of Fed tapering; MSCI world equity index down 0.6%, set for fourth straight day of losses
S&P futures pointed to further gains, edging 0.1% higher on Friday.
The inflows, however, were modest
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
In Europe, euro Stoxx futures were steady and Britain's FTSE 100 traded up 0.2%.
Asian shares were mixed Friday as jubilance over positive US economic data and a Wall Street record high were tempered by caution in the region, where the coronavirus vaccine rollout has lagged. Japan's benchmark Nikkei 225 gained 0.1 per cent to 29,674.31 in morning trading. Australia's S&P/ASX 200 fell nearly 0.1 per cent to 7,052.30. South Korea's Kospi was little changed, inching up less than 0.1 per cent to 3,194.49. Hong Kong's Hang Seng inched down less than 0.1 per cent to 28,771.21, while the Shanghai Composite added 0.2 per cent to 3,406.93. The contrast in the speed of the vaccine rollout has been striking between the US and Asia. Nearly half of American adults have gotten at least one dose of the vaccine, and about 30 per cent of adults in the US have been fully vaccinated, according to the Centers for Disease Control and Prevention. Japan, where inoculations for the public have barely started, has seen a resurgence of infections in recent weeks. The country's western
U.S. stock futures pointed to a slightly lower open
The U.S. dollar was at a four-week low ahead of March retail sales data
Futures for Eurostoxx 50 and Germany's DAX started in negative territory
On Wall Street overnight, the Dow Jones Industrial Average fell 0.94%, the S&P 500 lost 0.76% and the Nasdaq Composite dropped 1.12%
Shares rose in Europe after a mixed session in Asia on Monday as China reported a variety of data that painted a complicated picture of its recovery from the pandemic. The passage of a $1.9 trillion aid package for the US economy has added to investor confidence that the US and global economy will likely experience a strong recovery from the pandemic in the second half of the year but also potentially increase the rate of inflation. Germany's DAX climbed 0.3% to 14,546.95 and the CAC 40 in Paris added 0.5% to 6,075.54. Britain's FTSE 100 was up 0.4% at 6,789.86. US futures pointed to an upbeat start, with the contract for the S&P 500 up 0.3% and that for the Dow industrials 0.4% higher. Markets got a mixed message from the data out of China, which has led the global recovery, reopening earlier than other countries from coronavirus shut-downs that emerged in the central city of Wuhan in early 2020. Retail sales jumped nearly 36% year-on-year in January-February from a year earlier.
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Chinese stocks posted their biggest decline in seven months
The pan-European STOXX 600 fell 0.9% in early trading
Another rise in bond yields rattled investors
Bitcoin reached $49,000 before erasing gains
Longer-term U.S. Treasury yields rose in anticipation of a large pandemic relief bill from Washington
Stocks advanced in most global markets Thursday as traders waited to see details of President-elect Joe Biden's plan for helping the US economy recover
Global shares and U.S. futures were mostly lower Monday as hopes for more U.S. economic aid were countered by fears over spreading damage from the pandemic. France's CAC 40 slipped 0.5 per cent in early trading to 5,677.99, while Germany's DAX slipped 0.8 per cent to 13,943.02. Britain's FTSE 100 shed 0.4 per cent to 6,843.12. U.S. shares were poised for a weak start with Dow futures down nearly 0.7 per cent at 30,793.00. S&P 500 futures fell 0.6 per cent to 3,794.00. Traders continued to be cheered by prospects that the incoming administration of President-elect Joe Biden will pump more aid into the U.S. economy, a move that will help Asia and other export-driven nations. But that optimism is tempered by worries over the potential for further disruptions on the political front before Biden takes office on January 20, following last weeks riots at the U.S. Capitol. Biden may also struggle to win support for his pledges of much more financial support for individuals and businesses,