The euro touched a one-month high of $1.2183
Shares in the British bank slipped 5 per cent despite it restoring its dividend and reaffirming long-term profit goals
NEW YORK (Reuters) - A gauge of global equity markets rose on Wednesday after Federal Reserve Chair Jerome Powell said interest rates will remain low, calming market jitters sparked by a jump in U.S. Treasury yields on fears that a robust recovery would drive inflation higher.
Global markets were mixed Tuesday after a sell-off of shares in technology companies on Wall Street. France's CAC 40 edged 0.3per cent higher in early trading to 5,782.75, while Germany's DAX was little changed, up less than 0.1per cent at 13,953.13. Britain's FTSE 100 gained 0.5per cent to 6,646.83. U.S. shares were set for gains, with Dow futures up 0.3per cent at 31,548. S&P 500 futures rose 0.2per cent to 3,882.88. Tokyo was closed for a national holiday. South Korea's Kospi slipped 0.3per cent to 3,070.09. Australia's S&P/ASX 200 gained 0.9per cent to 6,839.20. Hong Kong's Hang Seng jumped 1.0per cent to 30,632.64, while the Shanghai Composite lost 0.2per cent to 3,636.36. The technology sell-off spilled into Asia. Chinese cell phone maker Xiaomi fell 3.1per cent, e-commerce giant Alibaba lost 1.2per cent and Taiwan computer chip maker declined 1.4per cent. Although the world's economies have been battered by the coronavirus pandemic, the deployment of COVID-19 vaccines ..
World shares were mostly lower Thursday after a mixed session on Wall Street, where losses by technology and industrial companies offset other gains. Benchmarks fell in Tokyo and Hong Kong but were flat in Paris and London. Shanghai advanced after reopening following the Lunar New Year holiday. Optimism that rollouts of coronavirus vaccines will set the stage for stronger economic growth in the second half of this year has been pushing shares higher. But expectations of a post-pandemic recovery also have resurrected concerns over inflation that could prompt governments and central banks to pull back on stimulus. Germany's DAX rose 0.2% to 13,934.02 and the CAC40 in Paris was virtually unchanged at 5,765.36. Britain's FTSE was also almost unchanged, at 6,712.47. US futures fell, with the contract for the S&P 500 down 0.3% and that for the Dow industrials 0.1% lower. In Asian trading, the Shanghai Composite index gained 0.6% to 3,675.36 and the S&P/ASX 200 was flat, at 6,885.90.
The gap between 10-year and two-year U.S. yields also reached its widest in nearly three years
Heating and power plant fuel traded for as much as $195 per mmBtu in Southern California
Bitcoin has been buoyed in recent months by endorsements from the likes of Paul Tudor Jones and Stan Druckenmille
The Tokyo stock exchange Nikkei index reached record highs since August 1990 at Monday opening, the Kyodo news agency reports
Massachusetts-based YouTuber Keith Gill is GameStop bull
FPIs sell Rs 5,931 crore on Friday, most since March
Wall Street has been gripped by a coordinated assault by small traders organising over online forums
A sharp fall in the US markets on Wednesday and weak opening in other Asian markets weighed on sentiment of domestic investors causing the Sensex to drop nearly 900 points in intra-day trade
The rollout of Covid-19 vaccines has boosted expectations of a global recovery and helped prompt a surge in asset prices
Early trends in corporate earnings hold out hope
The volatility remained high ahead of the monthly F&O expiry on Thursday
A gauge of Asia-Pacific equities at one point slid the most in about two months, with shares in South Korea and China underperforming
Markets are past the phase of multiple expansion driven by ultra-easy financial conditions
Over the last three sessions, the BSE Sensex has lost 1,444.53 points or 2.90 per cent and the NSE Nifty has shed 405.80 points or 2.8 per cent
Without a doubt, fiscal and monetary support across geographies have contributed to this outcome, says Subramaniam