Market Overview - Page 161

Despite China’s quick recovery from the pandemic, many local graduates are choosing state-backed jobs, or postponing their entry into the workforce. China was the only major economy to grow in 2020. But more than one year since the pandemic began,.

Last week the US labour market data came out weaker than expected but triggered an impulsive rally in commodities and stock markets, putting pressure on the US dollar. EURUSD rallied from intraday lows at 1.2100 on Friday to above 1.2180.

Treasury Secretary Janet Yellen said that President Joe Biden’s $4 trillion spending plan would be good for the U.S., even if it contributes to rising inflation and results in higher interest rates. “If we ended up with a slightly higher.

U.S. equity-index futures dropped with Treasuries as investors weighed inflation risks and the impact of a minimum corporate tax on technology firms. The dollar ticked up. Futures on the Nasdaq 100 and S&P 500 declined, while European stocks fluctuated between.

Key Indian cities re-opened for business on Monday, with long queues for buses in the financial hub of Mumbai while traffic returned to the roads of New Delhi after a devastating second wave of coronavirus that killed hundreds of thousands..

Stock futures are lower in early morning trade on Monday as the S&P 500 attempts to make a run at a record high this week amid optimism about the economy’s ongoing reopening this summer. S&P 500 futures traded in mildly.

China bought fewer American products in May versus the prior month, while exports to the U.S. rose, according to customs data released Monday. China bought $13.11 billion dollars’ worth of goods from the U.S. in May, down from $13.94 billion.

Finance ministers from the Group of Seven (G-7) advanced nations agreed on Saturday to back a minimum global corporate tax rate of at least 15%. U.S. Treasury Secretary Janet Yellen said such a global minimum rate would end “the race-to-the-bottom.

The monthly employment report showed an increase of 559k jobs, worse than the expected 645k and weaker than might have been expected from other indicators. On average, the US labour market has added 416k monthly since September, against a long-term.

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.