Investors can be forgiven for being nonplussed on the data front this week. A day after U.S. consumer inflation data showed early signs of price pressures peaking, readings from the producer perspective showed inflationary readings remained firm.
The dollar held firm on Friday, staying near its highest level in four months against a basket of currencies as investors looked for more hints from the Federal Reserve on its plans to reduce monetary stimulus.
Paytm’s $2.2 billion IPO is facing an unusual hurdle – a 71-year-old former director has urged India’s markets regulator to stall the offering, alleging he is a co-founder who invested $27,500 two decades ago but never got shares.
Based on expectations that U.S. inflation will be transitory and that the Federal Reserve will clearly communicate its plans to taper asset purchases, major global fund managers say they remain invested in risky assets.
Asian shares failed to follow a strong close on Wall Street with fears about the spread of the Delta variant of the coronavirus weighing on sentiment even as tame U.S. inflation eased fears the Federal Reserve would rush to reduce its economic support.
Payments company Marqeta Inc (MQ.O) reported a 76% jump in second-quarter revenue on Wednesday that beat market estimates, as the company benefited from a surge in transactions made through its platform.
One way or another, Wednesday’s U.S. July inflation print could prove key for markets torn between strong data that suggests the time for withdrawing stimulus is nearing and concern that a resurgent delta COVID variant could stall growth.
AMC Entertainment Holdings Inc (AMC.N) shares reversed course to trade down 5.7% on Tuesday a day after it posted better-than-expected quarterly results and a deal with Warner Bros for an exclusive movie release period for cinemas.
Wall Street rose on Tuesday, with both the blue-chip Dow and benchmark S&P 500 closing at record highs, as economically sensitive value stocksgained with the U.S. Senate’s passage of a $1 trillion bipartisan infrastructure package.
Asian stocks started off on a weak footing on Tuesday after a largely soft performance on Wall Street and as persistent concerns over the spread of the Delta variant of the coronavirus dented sentiment and triggered falls in metals and oil prices.
Investors can be forgiven for being nonplussed on the data front this week. A day after U.S. consumer inflation data showed early signs of price pressures peaking, readings from the producer perspective showed inflationary readings remained firm.
The dollar held firm on Friday, staying near its highest level in four months against a basket of currencies as investors looked for more hints from the Federal Reserve on its plans to reduce monetary stimulus.
Paytm’s $2.2 billion IPO is facing an unusual hurdle – a 71-year-old former director has urged India’s markets regulator to stall the offering, alleging he is a co-founder who invested $27,500 two decades ago but never got shares.
Based on expectations that U.S. inflation will be transitory and that the Federal Reserve will clearly communicate its plans to taper asset purchases, major global fund managers say they remain invested in risky assets.
Asian shares failed to follow a strong close on Wall Street with fears about the spread of the Delta variant of the coronavirus weighing on sentiment even as tame U.S. inflation eased fears the Federal Reserve would rush to reduce its economic support.
Payments company Marqeta Inc (MQ.O) reported a 76% jump in second-quarter revenue on Wednesday that beat market estimates, as the company benefited from a surge in transactions made through its platform.
One way or another, Wednesday’s U.S. July inflation print could prove key for markets torn between strong data that suggests the time for withdrawing stimulus is nearing and concern that a resurgent delta COVID variant could stall growth.
AMC Entertainment Holdings Inc (AMC.N) shares reversed course to trade down 5.7% on Tuesday a day after it posted better-than-expected quarterly results and a deal with Warner Bros for an exclusive movie release period for cinemas.
Wall Street rose on Tuesday, with both the blue-chip Dow and benchmark S&P 500 closing at record highs, as economically sensitive value stocksgained with the U.S. Senate’s passage of a $1 trillion bipartisan infrastructure package.
Asian stocks started off on a weak footing on Tuesday after a largely soft performance on Wall Street and as persistent concerns over the spread of the Delta variant of the coronavirus dented sentiment and triggered falls in metals and oil prices.
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