Premarket: World stocks near three-month peak, U.S. dollar sags

This translation has been automatically generated and has not been verified for accuracy.World stocks were just shy of three-month highs and the U.S. dollar weakened further on Monday as optimism on economies opening up boosted risk appetite, shrugging off worries over riots in the U.S. and unease over Washington’s power struggle with Beijing.

“The Trump rhetoric against China and trade impediments against Hong Kong could have been a lot worse, hence the performance of those markets this morning, which has helped the risk backdrop for the European open,” said Chris Bailey, European strategist at wealth manager Raymond James. An official business survey from China showed its factory activity grew at a slower pace in May but momentum in the services and construction sectors quickened.That helped lift MSCI’s broadest index of Asia-Pacific shares outside Japan 2.1% to its highest since early March. Japan’s Nikkei added 0.7% to also reach a three-month peak.

Bond investors suspect economies will need massive amounts of central bank support long after they reopen and that is keeping yields super low even as governments borrow much more.Yields on U.S. 10-year notes were trading steady at 0.66% having recovered from a blip up to 0.74% last month when the market absorbed a tidal wave of new issuance.In currency markets, the euro continued to lap up gains, the single currency was last up at $1.1131, after climbing 1.8% last week.

globeinvestor There's a worldwide pandemic, America is burning, and the markets are fine?! Our system is broken. 🤦‍♂️ COVID19 economy JusticeForGeorgeFloyd BlackLivesMatter

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Five things to watch for in the Canadian business world in the coming weekThe Bank of Canada is scheduled to make its latest interest rate announcement on Wednesday. The central bank is widely expected to keep its key rate on hold at 0.25 per cent, however economists will be looking for any comments it has about its outlook for the economy. No gold in Canadian vaults. Watch for the price of gold to go skywards & justin sold all we had left. The finishing touches on his dad's work for communism Could you ask pm Trudeau why the govt does not issue currency without debt? Why do we borrow our own currency from a private bank that is owned by the private family called Rothchilds in the UK? It does not make sense. And we pay massive taxes to pay down the interest?Thank you.
La source: CTVNews - 🏆 1. / 99 Lire la suite »