Market Overview - Page 164

The markets remain buoyant while the dollar index is developing a pullback to the year’s lows as Fed officials continue to calm inflation fears. The Fed’s Vice-Chairman Richard Clarida reassured that the regulator could overcome the spike in inflation and.

Global markets are currently underestimating the demand for oil as more economies open up for business, says a recent report by Goldman Sachs that expects Brent to hit $80 per barrel going ahead. Recently, S&P Global Platts, too, had forecast.

U.S. President Joe Biden on Tuesday said he decided to waive sanctions against the company behind the Nord Stream 2 gas pipeline because the project was nearly complete, and doing so could have harmed ties with Europe. Biden, who is.

U.S. and European equity futures rose Wednesday and Asian stocks edged up. Treasuries trimmed a rally spurred by Federal Reserve officials again predicting transitory price pressures. MSCI Inc.’s Asia-Pacific share gauge climbed for a fifth day amid modest gains in.

Stocks in Asia-Pacific were mostly higher in Wednesday afternoon trade, with multiple markets in Southeast Asia closed for a holiday. The Nikkei 225 in Japan rose 0.31% while the Topix index gained about 0.1%. South Korea’s Kospi shed 0.3%. Mainland.

Germany’s Ifo Business Sentiment Index rose in May to 99.2 from 96.6 a month earlier and growth expectations to 98.2. These are the highest index values in two years, largely due to an improvement in the expectations of German businesses..

Fed officials continue to extinguish the inflationary panic and help markets return to last year’s major trends. In particular, yesterday, we saw an acceleration in high-tech stocks and a simultaneous weakening of the dollar. Commodities and metals lagged in their.

Turkey’s President Recep Tayyip Erdogan has ousted another central bank official, the latest of his sudden decisions this year to restructure leadership of the institution. The move comes two months after Erdogan fired Naci Agbal, the bank’s third governor in.

Asian stocks and U.S. equity futures rose Tuesday following a Wall Street rally, buoyed by soothing Federal Reserve comments on inflation and China’s efforts to temper commodity prices. MSCI Inc.’s Asia-Pacific equity index was set for the highest close in.

Previously, the U.S.-China trade war caused companies to move their supply chains out of China, shifting their production and distribution networks for products and services. As a result, countries like Vietnam and India benefited as companies moved to set up.

The S&P 500 closed little changed after erasing earlier gains when Philadelphia Fed President Patrick Harker said the central bank should speak about reducing bond buying sooner rather than later. The tech-heavy Nasdaq 100 finished lower, while the Dow Jones.

U.S. stock index futures traded higher early Monday after the S&P 500 posted its second negative week in a row the previous week. Futures contracts tied to the Dow Jones Industrial Average implied an opening gain of about 151 points..