On Wall Street, the Dow Jones Industrial Average fell 2.37 points. — AFP picNEW YORK, March 25 — Global equities dipped and the dollar hovered near four-month highs yesterday as concerns about extended economic lockdowns in Europe and the potential for higher taxes in the United States weighed on investor sentiment.
MSCI’s gauge of stocks across the globe shed 0.94 per cent following steep declines in Asia and modest losses in Europe. The IHS Markit euro zone flash composite purchasing management index rose to 52.5 in March from 48.8 in February in a surprise return to growth, as factories ramped up production at the fastest pace in over 23 years.Benchmark 10-year notes last rose 8/32 in price to yield 1.6102 per cent, from 1.638 per cent late on Tuesday.
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Oil surges as stocks trade mixed amid latest Covid-19 wave | Malay MailNEW YORK, March 25 — Oil prices surged today following the blockage of the Suez canal, while stocks were mixed as governments struggle to contain the latest wave of the coronavirus. Crude futures surged six per cent as traders assessed the likely impact from the grounding of a giant container...
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Banks, energy stocks drag Wall Street lower; Biden’s presser in focus | Malay MailNEW YORK, March 25 — Wall Street’s main indexes fell today, dragged down by economically sensitive bank and energy stocks and shrugging off data showing the labour market continued to limp out of a coronavirus-induced recession. The Labour Department’s weekly jobless claims report, the most...
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Asian stocks set to rise as focus shifts to China's PMI, bond yields | Malay MailNEW YORK, March 31 ― Asian stocks were set to open higher today, as global financial shares retraced some of their recent losses, driven in part by higher bond yields, and investors awaited a closely watched Chinese factory activity survey. While Wall Street ended lower as yields weighed on tech...
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