Tag: International market

Wall Street ends sharply lower, tech selloff weighs as bond yields climb
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Wall Street ends sharply lower, tech selloff weighs as bond yields climb

Wall Street's main indexes tumbled on Thursday, with the Nasdaq index posting its largest daily percentage fall in four months, as technology-related stocks remained under pressure following a rise in U.S. bond yields. The Dow and the S&P 500 notched their biggest daily decline since late January. The benchmark 10-year Treasury yields hit a one-year high of 1.614%, prompting investors concerned about rich valuations to lock in profits on some high-flying growth stocks. The Treasury note yield rose above S&P 500 dividend yield, wiping out the stock market yield's strong advantage. "Rates matter. At 1.5%, the yield is comparable to S&P 500 dividend yield," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. "And there's no capital risk with a 10...
Asia stocks skid as global inflation fears, tech woes hit Wall Street
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Asia stocks skid as global inflation fears, tech woes hit Wall Street

Asian stocks opened strongly lower on Friday after Wall Street's fundamental records tumbled, with innovation related stocks under tension after a lofty ascent in benchmark U.S. Depository yields.Australia's S&P/ASX 200 fell 2% in early exchange, on target for the greatest intraday rate misfortune since Jan. 28. Japan's Nikkei 225 was down 1.8% while Hong Kong's Hang Seng file prospects lost 1.69%.U.S. Depository yields vaulted to their most noteworthy since the pandemic started on assumptions for a solid monetary development and related swelling. The security auction quickened after a baffling closeout of seven-year notes at late morning."Taken care of authorities aren't stepping in the method of yield moves and are accepting them as a sign of developing idealism in the recu...
Asian shares open higher as Fed#39;s Powell nixes inflation fears
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Asian shares open higher as Fed#39;s Powell nixes inflation fears

Asian stocks perked up on Thursday after U.S. Federal Reserve Chair Jerome Powell reaffirmed interest rates would stay low, calming market fears that higher inflation might prompt the central bank to tighten the monetary spigot.“The dovish influence from the Fed is going to continue to resonate over in Asia. That’s really good for emerging market assets when we’ve got a really good impulse from the Fed,” said Stephen Innes, chief global markets strategist at Axi.Australia’s S&P/ASX 200 rose 0.90% in early trade while Japan’s Nikkei 225 added 1.37%. Hong Kong’s Hang Seng index futures rose 0.92%.In a second day of testimony in Washington, Powell reiterated the Fed’s promise to get the U.S. economy back to full employment and to not worry about inflation unless prices rose in a...
Asian stocks slip as global rally skids on inflation fears
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Asian stocks slip as global rally skids on inflation fears

Asian stocks plunged on Tuesday as rising US Treasury yields and swelling possibilities prompted a further revolution out of the large tech stocks liable for a significant Wall Street rally during the pandemic.The Australian S&P/ASX 200 fell 0.11% and South Korea's Kospi declined 0.87% in early exchanging. Hong Kong's Hang Seng file prospects rose 0.54%. Japanese business sectors are shut for a public occasion on Tuesday.Oil costs rose on a tight worldwide stock standpoint after U.S. creation was pounded by bone chilling climate and a moving toward meeting of top unrefined makers is required to hold yield to a great extent within proper limits.Security yields have risen strongly this month as possibilities of more U.S. monetary improvement helped expects a quicker financial r...
Asia shares edge up as bond yields, resources steal the show
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Asia shares edge up as bond yields, resources steal the show

Asian offer business sectors crawled higher on Monday as assumptions for quicker monetary development and expansion worldwide hitter securities and lift products, however rising genuine yields additionally make value valuations look more extended in correlation.MSCI's broadest list of Asia-Pacific shares outside Japan added 0.1%, in the wake of facilitating from a record top before the end of last week as the hop in U.S. security yields agitated financial backers.Japan's Nikkei recovered 1.0% and South Korea 0.4%, while E-Mini fates for the S&P 500 were a portion firmer.Bonds have been wounded by the possibility of a more grounded financial recuperation but then more prominent acquiring as President Joe Biden's $1.9 trillion boost bundle advances."Yield bends have kept on s...
Wall Street closes flat as cyclicals shine, big tech falls
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Wall Street closes flat as cyclicals shine, big tech falls

Stocks on Wall Street shut down close to equal the initial investment on Friday as financial backers sold innovation shares that have revitalized through the pandemic and turned into repetitive stocks set to profit by repressed interest once the Covid pandemic is quelled.Industrials drove rising areas in the S&P 500, prodded by a 9.9% flood in Deere and Co and Caterpillar's 5.0% increase to an unequaled pinnacle of $211.40 an offer. Financials, materials and energy, alongside industrials, rose over 1%.The S&P 1500 aircrafts file hopped 3.5%, with post-pandemic travel in core interest.The stay-at-home champs, including Microsoft Corp, Facebook Inc, Alphabet's Google and Netflix Inc, fell in a pattern seen for a large portion of the week. Amazon.com Inc additionally fell, a...
Wall Street closes down on tech slide, rising jobless claims
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Wall Street closes down on tech slide, rising jobless claims

Stocks on Wall Street closed lower on Thursday as investors shifted out of big technology names, while an unexpected rise in weekly U.S. jobless claims pointed to a fragile recovery in the labor market.Shares of Apple Inc, Tesla Inc and Facebook Inc weighed the most on both the benchmark S&P 500 and the tech-heavy Nasdaq.Facebook shares dropped 1.5% to $269.39 as Wall Street assessed the wider ramifications of its move to block all news content in Australia.The Dow Jones Industrial Average fell 119.68 points, or 0.38%, to 31,493.34, the S&P 500 lost 17.36 points, or 0.44%, to 3,913.97 and the Nasdaq Composite dropped 100.14 points, or 0.72%, to 13,865.36.Volume on U.S. exchanges was 13.13 billion shares.Strong earnings, progress in the vaccination rollout and hopes of...
Asian markets eye muted start on economic hopes, pandemic fears
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Asian markets eye muted start on economic hopes, pandemic fears

Asian markets were set for sideways trade at Thursday’s open as lingering pandemic concerns pushed against stronger economic data, and with little firm direction from Wall Street.Australia’s benchmark S&P/ASX 200 index was down 0.1% in early trading, while Japan’s Nikkei 225 futures were up 0.05%. Hong Kong’s Hang Seng index futures were down 0.2%.The MSCI’s global stock index was up 0.04%.Strong retail sales out of the United States, coupled with new indications the Federal Reserve will maintain its accommodative stance and an ongoing push for further U.S. stimulus, helped drive expectations the world’s largest economy will continue to post gains coming out of the pandemic.But concern at the rapid spread of new variants tempered enthusiasm.”With an even larger stimulus p...
Dow hits an all-time high, bonds sell off as investors bet on recovery
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Dow hits an all-time high, bonds sell off as investors bet on recovery

The Dow Jones Industrial Average notched a record closing high, joining a global march propelling stock indexes to record highs on Tuesday, as investors bet that COVID-19 vaccinations and U.S. stimulus will deliver a durable economic recovery after a year of lockdowns.Bitcoin added to the bullish mood, briefly climbing above $50,000 for the first time, while prospects of ”reflation” – a boost in inflation from extraordinary fiscal stimulus – pushed U.S. Treasury yields higher.U.S. President Joe Biden was traveling to Wisconsin on Tuesday to press his case for a $1.9 trillion pandemic relief bill in the political battleground state that helped secure his victory in last year’s presidential election.The MSCI’s global stock index was about flat at 684.70 after hitting a record high ...
World stocks look to extend bull run to 12th day on economic optimism
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World stocks look to extend bull run to 12th day on economic optimism

Global shares held firm on Tuesday, with a solid foundation in place to extend their bull run to a 12th consecutive session as optimism about the global economic recovery and expectations of low interest rates drive investments into riskier assets.Oil prices soared to a 13-month high as a deep freeze due to a severe snow storm in the United States not only boosted power demand but also threatened oil production in Texas.MSCI’s broadest index of Asia-Pacific shares outside Japan ticked up 0.1% while Japan’s Nikkei rose 0.4% to a 30-year high.The mainland Chinese markets will remain closed for Lunar New Year through Wednesday while Wall Street was also closed on Monday.S&P500 futures traded 0.5% higher to a record level and MSCI’s all country world index (ACWI), which has ris...