Stocks touch new highs as volatility eases, dollar gains
A global equity benchmark and two key European stock indexes touched new highs on Tuesday, while the dollar rose in anticipation of faster inflation as volatility eased to lows last seen before the coronavirus pandemic.
Wall Street muted, Clover Health leads “meme” rally
Wall Street indexes were flat on Tuesday as investors took to the sidelines ahead of key inflation data this week, while Clover Health led a rally among popular social media stocks.
Asia shares pare gains on caution, oil falls again
Asia stocks reversed early gains on Tuesday, with traders sidelined ahead of U.S. inflation data and a European monetary policy meeting this week while oil prices lost more ground on worries over the fragile state of the global recovery.
S&P closes nominally lower as investors wait for a catalyst
The S&P 500 (.SPX) ended a languid session slightly in the red on Monday, with investors standing by on news of a global minimum corporate tax rate, lingering inflation fears, and a lack of market-moving economic news.
Dollar subdued as investors look to key U.S. inflation gauge
The U.S. dollar was subdued on Tuesday as investors looked to U.S. inflation data due later in the week after softer-than-expected jobs data quelled expectations of an early tapering in the Federal Reserve’s stimulus.
Asia shares hesitate, China imports underpin resources
Asian shares turned sluggish on Monday as relief over a benign U.S. jobs report was chilled by caution ahead of key inflation data, while a coronavirus outbreak in Taiwan took an increasing toll on hard-pressed chip makers.
Don’t mention the T word: Five questions for the ECB
The European Central Bank meets on Thursday and will review the pace of emergency bond buys that it jacked up in March to prevent a rise in borrowing costs hurting a recovery.
Take Five: U.S. inflation, China trade and the ECB
A critical view into inflation comes with Thursday’s May U.S. consumer price index.
Asia shares turn cautious ahead of U.S. inflation
Asian shares turned lower on Monday as relief over the benign U.S. jobs report was chilled by caution ahead of key inflation data later this week, while a coronavirus outbreak in Taiwan took a toll on chip manufacturers.
Australian job advertisements jump 7.9% in May – ANZ
Australian job advertisements climbed for a 12th straight month in May to reach their highest since 2008, suggesting demand for labour could withstand both a coronavirus lockdown in Victoria and the removal of some government support programmes.
