Global money market funds lure massive inflows in the week to June 2-Lipper
Global money market funds attracted heavy investment flows in the week to June 2, as investors were cautious about the likelihood of global central banks tapering their monetary stimulus policies amid a rise in inflation levels.
Stocks steady, dollar climbs as U.S. recovery sparks Fed tapering fears
The dollar hit a multi-week high on Friday while European stocks, oil and gold steadied as markets braced for further signs the U.S. economic recovery could drive inflation and an early withdrawal of Federal Reserve stimulus.
Asia tracks Wall St lower as U.S. inflation bets perk up
Asian stocks followed Wall Street lower on Friday as signs of a strengthening U.S. recovery boosted bets for higher inflation and an earlier tapering of Federal Reserve stimulus.
S&P 500, Nasdaq dragged by tech as upbeat data fans inflation fears
U.S. stocks ended lower on Thursday, with tech shares dragging on the S&P 500 (.SPX) and Nasdaq (.IXIC), as investors balanced concerns about inflation and the Federal Reserve reining in stimulus with relief about corporate tax hikes.
Asia shares off 3-month highs, caution ahead of U.S. payrolls
Asian shares were a touch below a recent three-month top on Thursday with China a tad weaker as investors weighed inflation concerns ahead of key U.S. economic data while oil prices rose to near 1-1/2 year highs.
Wall St edges up ahead of key economic data, AMC soars
Wall Street’s main indexes posted slim gains on Wednesday ahead of key U.S. economic data due later in the week as investors weighed inflation concerns and a fresh surge in so-called “meme stocks.”
Global equities edge higher on hopes of U.S. jobs data
Global equities markets firmed on Wednesday ahead of key U.S. economic data due later in the week as investors weighed inflation concerns and a fresh surge in so-called “meme stocks.”
Asian shares tick up U.S. data bolsters reopening hopes
Asian shares edged up to near three-month highs on Wednesday and global equities held steady near a record as data showing higher U.S. manufacturing activity in May cheered investors looking for signs of a continued rebound in the world’s largest economy.
S.Korea’s inflation hits 9-year high as commodity prices jump
South Korea’s consumer inflation accelerated to a more than nine-year high in May, reinforcing calls for gradual monetary tightening, though the increase was mainly due to a low base effect and rises in oil and agricultural prices.
Fed’s Brainard: more ‘progress’ on recovery ahead, though still far from goals
The United States is getting closer to the Fed’s maximum employment and 2% inflation goals, Fed Governor Lael Brainard said on Tuesday, but the depth of the remaining problem still requires the central bank to stick to its super-easy monetary policy until more progress is seen.
