Futures for Japan’s Nikkei rose 0.03 per cent. Australian S&P/ASX 200 futures were down 0.06 per cent. US stock futures rose 0.12 per cent. — Reuters picTOKYO, May 10 — Stocks rose today amid speculation that interest rates will remain low for an extended period due to the receding risk of a rapid acceleration in inflation, while oil prices jumped after a cyber attack on a US pipeline operator unnerved markets.Futures for Japan’s Nikkei rose 0.03 per cent.
Oil futures extended gains after a cyber attack shut down a US pipeline operator that provides nearly half of the US east coast’s fuel supply. “A softer payrolls is good for the reflation trade; the dollar weakened across the FX spectrum. We’ve also seen a solid bid in equity indices and futures are up.”
The dollar index, which tracks the greenback against a basket of six currencies edged 0.09 per cent lower to 90.15.The yield on benchmark 10-year Treasury notes steadied at 1.5824 per cent in Asia today after having plunged to a two-month low of 1.4690 per cent on Friday.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inflation anxiety jolts stocks, Asia tumbles to two-month lows | Malay MailSYDNEY, May 12 — An extended sell-off drove Asian shares to their lowest in seven weeks on Wednesday as surging commodity prices and growing inflationary pressure in the United States prompted markets to bet on earlier rate hikes and higher bond yields globally. MSCI’s broadest index of...
Source: malaymail - 🏆 1. / 86 Read more »
Wall Street drops on inflation jitters, led by tech stocks | Malay MailNEW YORK, May 11 — Wall Street’s main indexes fell today, led by tech-related stocks, as investors feared that rising inflation could push the Federal Reserve to tighten monetary policy faster than expected. The outperformers of 2020, Apple, Amazon.com Inc, Microsoft Corp, Google-parent...
Source: malaymail - 🏆 1. / 86 Read more »
European stocks sink at open in global selloff | Malay MailLONDON, May 11 — Europe’s major stock markets dived by more than 1.5 per cent at the open today, joining a global selloff on heightened inflation fears. London’s benchmark FTSE 100 index of top blue-chip companies sank 1.8 per cent to 6,999.21 points compared with yesterday’s closing level....
Source: malaymail - 🏆 1. / 86 Read more »
Taiwan stocks plummet on virus restrictions and tech selloff | Malay MailTAIPEI, May 12 — Taiwan’s stock exchange plunged more than eight per cent on Wednesday as investors fretted over fresh coronavirus restrictions and a wider selloff in global tech stocks. The Taiex — one of Asia’s best performers this year — dropped as much as 8.6 per cent in morning...
Source: malaymail - 🏆 1. / 86 Read more »
European stocks steady after yesterday’s rout, eyes on US inflation data | Malay MailBRUSSELS, May 12 — European stocks steadied today after their worst selloff this year as strong earnings reports and signs of a speedy economic recovery offset concerns about a rapid rise in prices. The pan-European STOXX 600 index rose 0.2 per cent after falling almost 2 per cent on Tuesday as...
Source: malaymail - 🏆 1. / 86 Read more »
US stocks fall again as consumer inflation jumps | Malay MailNEW YORK, May 12 — Wall Street stocks fell early today, retreating for a third straight session following data showing a bigger-than-expected jump in consumer inflation in April. Worries about higher prices have been a theme among investors in recent weeks, at times prompting pullbacks. The fear...
Source: malaymail - 🏆 1. / 86 Read more »