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.
World stocks to rise modestly, correction unlikely
World stocks will continue to rise this year on robust economic and earnings recoveries but any quickening of inflation would temper that enthusiasm, according to Reuters polls of analysts, a majority of whom said a near-term correction was unlikely.
GameStop jumps more than 16% as ‘meme’ stocks roar higher
Shares of GameStop (GME.N) soared 16.3% on Tuesday after hitting their highest level since late March, and other so-called “meme” stocks also rallied as investors shifted back into the retail favorites that had notched big gains earlier in the year.
Commodity Prices to Stabilize after Early 2021 Gains, Supported by Global Economic Recovery
Path of commodity prices depends on pace of recovery and containment of COVID-19 WASHINGTON, April 20, 2021 – Commodity prices continued their recovery in the first quarter of 2021 and are expected to remain close to current levels throughout the year, lifted by the global economic rebound and improved growth prospects, according to the World Bank’s […]
Oil maintains upward momentum but virus concerns cap gains
SINGAPORE (Reuters) -Crude oil climbed on Wednesday after industry data showed U.S. inventories declined more than expected and OPEC raised its outlook for oil demand, but gains were capped by worries about the coronavirus and by rising supplies.
