Asian stocks extend global rally to 7th day, U.S. stimulus in focus
Asian stocks put global equities on course for a seventh day of gains on Friday as investors bet the U.S. will lead the world out of the COVID-19 pandemic, with the focus turning to a multi-trillion dollar spending boost by the Biden administration.
Asian shares push higher, dollar eases
Asian shares rose on Tuesday, shrugging off worries about an increase in regional coronavirus infections, while inflation jitters helped push gold prices to three-month highs. Equities in Europe and the United States looked set to follow. FTSE futures rose 0.76% and EuroSTOXX 50 futures traded 0.68% higher, while S&P 500 futures were up 0.33%. MSCI’s […]
Global stocks press pause, gold hits 3-mth high on inflation concerns
Global shares hit the pause button and gold briefly crested a three-month high as surging COVID-19 cases in some Asian countries and inflation pressures tempered demand for riskier assets. Markets have been skittish in recent weeks as bumper supplies of central bank stimulus and rising prices in the United States and other countries fuel concerns […]
Barclays, BNP Paribas see equities bonanza outweigh fixed income slide
Barclays (BARC.L) and BNP Paribas (BNPP.PA) reported bumper first-quarter profits on Friday, as an equities trading boom offset a slump in demand for fixed income products. The topsy-turvy trading results for two of Europe’s biggest remaining investment banks highlighted how volatile markets amid the global pandemic caused seesawing demand for different asset classes. Barclays’ January-March profit more than doubled […]
