Market Overview - Page 160

On Thursday, the dollar strengthened, and equities mostly declined after some solid macro data. Thus, we remain in a phase of inverted markets, where good news causes fears that the central bank and the government will accelerate the unwinding of.

Asian stocks and U.S. equity futures stabilized Friday after Wall Street sagged amid robust U.S. economic data that stoked concerns about a pullback in central bank stimulus. Treasury yields and the dollar held gains. Shares pared losses in Japan and.

Oil edged lower as a recent rally to the highest level since October 2018 cooled, although prices are still set for a second straight weekly advance following a raft of bullish calls on the demand outlook. Futures in New York.

Bitcoin slipped more than 3% on Friday after Tesla boss Elon Musk fired off a tweet hinting at a breakup with the cryptocurrency, though it remains on course for its best weekly gain in about a month as it tries.

U.S. stock futures were little changed in overnight trading Thursday ahead of the May jobs report. Dow Jones Industrial Average futures rose just 9 points. S&P 500 futures lost 0.01% and Nasdaq 100 futures ticked 0.03% lower. Investors have been.

The global chip shortage is causing problems for multiple industries and shows no signs of abating, but don’t expect prices for all types of chips to shoot up, says the Asia-Pacific chief economist of research firm Natixis. Car makers have.

President Joe Biden on Thursday expanded restrictions on American investments in certain Chinese companies with alleged ties to the country’s military and surveillance efforts, adding more firms to a growing blacklist. In an executive order, Biden barred U.S. investors from.

The U.S. dollar wobbled above major support levels on Thursday, as traders awaited a batch of U.S. economic data that could set the tone at central bank meetings later this month. Investors have bet on the dollar falling as the.

Britain’s services sector recorded the biggest jump in activity in 24 years last month, after pubs and restaurants were allowed to resume serving customers indoors following months of lockdown, according to a closely watched business survey. Thursday’s data adds to.

Stock and currency markets have paused to look around in anticipation of new monetary policy and economic signals. While many equity indices are cruising near historic highs, the current levels are not uncharted territory for the currency market. The level.

China is trying to rein in the yuan as it surges to three-year highs against the U.S. dollar. A stronger yuan makes Chinese goods relatively more expensive to buyers overseas, and has spurred concerns about the competitiveness of Chinese exports.

Hong Kong’s economy has rebounded sharply after being hit by the Covid-19 pandemic — but it’s not out of the woods yet and some sectors are still reeling, said the city’s top trade official. “The distribution of this rebound is.