Market Overview - Page 167

The financial markets were undergoing a big test of optimists yesterday. So far, they seem to have claimed local victory. During the day, the Nasdaq almost fell out of its 9-month uptrend. As a week ago, it got support on.

The headline UK Consumer Price Index rose in line with expectations, marking an acceleration in inflation to 1.5% to April 2020. At the same time, the Producer Price Index significantly exceeded expectations, reflecting domestic pressures that soon promise to be.

Optimism in stock markets has failed to reveal itself fully. The pressure on equities has returned, once again testing the depth of buyers’ pockets. Performance of indices futures, which are traded almost around the clock, showed the sell-off in stocks.

The markets are now seeing renewed pressure on the US currency and an increase in demand for risky assets due to soft comments from the Fed. Richard Clarida reminded us that the FOMC would warn us before considering winding down.

Financial markets are starting the week with somewhat uncertain dynamics. Friday’s strong rally failed to develop into further buying in Asian trading on Monday while shying away from a sell-off. Judging by the indirect signs, investors paused buying but remain.

US retail sales are another unpleasant surprise from the macroeconomic side. In April, sales were unchanged compared with March, against an expected 1% increase. Sales excluding automobiles fell by 0.8% last month against a forecast of 0.5% growth. In April.

Cautious demand for risky assets is returning to global markets after reassurances from Fed members, dampening inflation fears. Key indices in the US and beyond are clinging to a bullish trend. Last night we saw rising demand near important support.

Stocks rebounded Friday and U.S. equity futures rose after Wall Street halted a three-day slide on signs of a strengthening economic recovery that helped soothe some of the concerns about risks from inflation. MSCI Inc.’s Asia-Pacific share gauge advanced about.

Amazon is hiring 75,000 workers across its warehouse and delivery network in the U.S. and Canada, the company said Thursday. The company will also offer a $100 bonus to new warehouse and transportation hires who show proof of their Covid-19.

Asian cities are facing the greatest risks from environmental hazards including extreme heat, climate change and natural disasters, according to a new report from Verisk Maplecroft. Among the 100 cities most at risk, 99 of them are in Asia —.

U.S. stock futures were higher in early morning trading on Friday, after all three major averages snapped three-day losing streaks. Futures contracts tied to the Dow Jones Industrial Average jumped 129 points. S&P 500 futures and Nasdaq 100 futures also.

The ongoing semiconductor chip shortage is now expected to cost the global automotive industry $110 billion in revenue in 2021, according to consulting firm AlixPartners. The forecast is up by 81.5% from an initial forecast of $60.6 billion, which the.