Singapore/New York — Asia’s stock markets bounced on Friday after Wall Street’s lead, but were set for their softest week in about a month as investors grapple with tepid economic data and lofty valuations after a huge rally that has wiped out coronavirus losses.
In the absence of a disaster, he said, upward drift is probably the most likely direction, though perhaps with less conviction than the exuberance that has driven world stocks up 50% from March troughs. Investors are looking ahead to purchasing managers’ index surveys across Europe, Britain and the US — where steady, slightly positive, readings are expected — for the next broad gauge of the recovery’s progress.
Currency traders are increasingly focused on an address next Thursday by Federal Reserve chair Jerome Powell in case he reveals any details of an expected shift in policy emphasis — especially around inflation — that were absent in the minutes.
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.
Dovish Fed sparks slump in Asian stocksSafe-haven gold climbed after the US central bank highlighted recovery uncertainties
La source: BDliveSA - 🏆 12. / 63 Lire la suite »
MARKET WRAP: JSE tracks weaker Asian market and Truworths surgesShares in petrochemical producer Sasol fell for the fourth day running as it prepares to execute a rights issue to pay down its debt pile
La source: BDliveSA - 🏆 12. / 63 Lire la suite »
Dovish Fed sparks slump in Asian stocksSafe-haven gold climbed after the US central bank highlighted recovery uncertainties
La source: BDliveSA - 🏆 12. / 63 Lire la suite »