Global markets drifted lower Monday, as investors considered the outlook for U.S. inflation and international economic recovery.
In early afternoon trading in Hong Kong, the local benchmark Hang Seng Index lost 0.6%. Benchmarks in Japan and Australia also slipped, while U.S. equity futures ticked up about 0.1%. Some other markets, including South Korea and Taiwan, advanced. U.S. markets are closed Monday for Memorial Day, and their U.K. equivalents are also closed for a public holiday. For the whole of May, the S&P 500 recovered from inflation-driven volatility earlier in the month to record itsMarkets were likely to remain unsettled as investors try to gauge the prospects for U.S. growth and price rises from data points such as payroll figures due this Friday, said Mary Nicola, a fund manager at PineBridge Investments.
Ms. Nicola said a key question for investors was how this would affect Federal Reserve policy, including the time frame in which the central bank might begin tapering, or reducing its asset purchases. She added that her firm was overweight European and Japanese stocks—holding more of these shares than the benchmarks it tracks—given it believed both markets were attractively valued and stood to benefit from a world-wide economic recovery.
A Call to Protect People and Nature! Thread to watch/read:
The biggest factor to inflation is not the printing of USD it’s the cost of shipping! Costs are rising at a pace of madness doubling since the beginning of the year and increasing by $1,000 a week from Shanghai to Los Angeles! Retailers and Consumers beware!
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:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of America names its 'best' stocks to play the U.S. and global recoveryNew for subscribers: Bank of America names its 'best' stocks to play the U.S. and global recovery. Check out CNBCPro today. Pro If you use the word “play” instead of “invest”, it really sounds like you’re gambling. Pro if Bank Of America is a hedge, then i must say; I disagree. We the new geration will decide what is best. Very sorry to say🤷🏻♂️
Source: CNBC - 🏆 12. / 72 Read more »
MIDEAST STOCKS Major Gulf stocks little changed, Dubai nudges higherMajor stock markets in the Gulf were little changed in early trade on Sunday, with expectations of economic recovery nudging Dubai higher again after the index snapped an eight-session winning streak at the end of last week.
Source: Reuters - 🏆 2. / 97 Read more »
Deloitte BrandVoice: Why Organized Illicit Finance Demands An Organized Global ResponseIllicit finance is a major threat to the security and prosperity of all nations. It causes an immense financial and human cost to society, business and government; a cost that we cannot, and should not, bear. Deloitte We know... long before berniemadoff my wake up call was that michaelmilliken Remember that Uber rich elite pos. Guess who pardoned him? Come on..guess. Deloitte Others that enjoy the Miami Skyline might argue and it's the key to prosperity. Deloitte Do you want to kill the west plundering nations?
Source: Forbes - 🏆 394. / 53 Read more »
Stocks cling to modest gains and end the week higherStocks capped a listless day of trading on Wall Street with modest gains Friday and the S&P 500's first weekly gain in three weeks. A Call to Protect People and Nature! Thread to watch/read:
Source: latimes - 🏆 11. / 82 Read more »
Goldman sees higher-than-normal valuations lasting a while, solid returns for stocks through 2024New for subscribers: Goldman sees higher-than-normal valuations lasting a while, solid returns for stocks through 2024. Check out CNBCPro today. Pro wow Pro L.O.L Pro 💯
Source: CNBC - 🏆 12. / 72 Read more »
Asia-Pacific stocks mixed; China's official manufacturing activity data for May aheadChina's official manufacturing Purchasing Managers' Index for May is expected to be out at 9:00 a.m. HK/SIN on Monday. Asia goes down, US goes up. To the moon!
Source: CNBC - 🏆 12. / 72 Read more »