Wall Street equities mostly rose after new filings for US unemployment benefits hit a new pandemic low. — AFP picNEW YORK, May 28 — Global stocks were mixed Thursday amid lingering inflation concerns, while shares of Boeing and Airbus surged on expectations of a strong travel industry recovery amid the post-Covid-19 reopening.
But Paris closed higher, driven by planemaker Airbus’ confident predictions of ramping up production to meet increased demand in the years ahead. The company said it expects the commercial aircraft market “to recover to pre-Covid levels between 2023 and 2025, led by the single-aisle segment.”And other industrial companies such as Caterpillar and Honeywell International posted strong gains on expectations that the reopening of the economy will boost manufacturing.
The yield on the 10-year US Treasury note rose back above 1.6 per cent, an indication of rising expectations on inflation.