COVID Delta upsurge keeps stock and commodity bulls in check
An upsurge in infections of the Delta coronavirus variant capped equity and commodity gains on Monday and kept bond yields just above multi-month lows, though U.S. tech shares that benefited from COVID-linked lockdowns were tipped to open higher.
Five market trends investors are eyeing halfway through 2021
Investors have enjoyed a rewarding ride in the first half of 2021, as unprecedented economic stimulus, stellar earnings growth and a reopening U.S. economy powered the S&P 500 to record highs and a 14% year-to-date gain, putting the index on track for a first-half performance rivaled only once in over two decades.
China urges banks, Alipay to crack down harder on cryptocurrencies
China’s central bank said on Monday it had recently summoned some banks and payment firms, including China Construction Bank (601939.SS) and Alipay, urging them to crack down harder on cryptocurrency trading.
Wall St Week Ahead Fed meeting looms for stocks as inflation worries collide with ‘Goldilocks’ markets
Investors will be zeroing in on the Federal Reserve’s monetary policy meeting next week as a “Goldilocks” market environment that has helped lift stocks to record highs and tamed a bond selloff is tested by rising inflation.
