NEW YORK, June 12 — European shares, the S&P 500 and an index of global stock performance scaled new peaks while yields on US, Japanese and European government debt fell yesterday as investors embraced the easy monetary policies of major central banks.
The MSCI all-country world equity index, a benchmark that tracks shares in 50 countries, set a new intraday high and record close at 719.52, up 0.2 per cent in a late-day surge that also lifted the S&P 500 to an all-time close. “You’ve seen an increasing comfort level with the Fed’s stance that inflation is going to be transitory, and as that sinks in, you continue to see large buyers of bonds, which is keeping yields from rising,” said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.
The Dow Jones Industrial Average rose 0.04 per cent, the S&P 500 gained 0.19 per cent and the Nasdaq Composite added 0.35 per cent. “Value-oriented cyclical companies with good quality balance sheet are probably the best deal in this kind of market,” Ablin said.Yields on 10-year US Treasury notes slid 0.5 basis points to 1.4535 per cent after earlier declines that positioned the benchmark for its biggest weekly decline in a year.
The euro and sterling dipped against the dollar as investors bet interest rates would stay lower for longer in Europe.
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US stocks open higher as inflation worries ebb | Malay MailNEW YORK, June 11 — Wall Street stocks advanced early today and added to records as markets maintained an optimistic interpretation of the latest US inflation reading. Data released yesterday showed the inflation rate at its highest level in 13 years, but the S&P 500 still finished the...
Source: malaymail - 🏆 1. / 86 Read more »
US stocks rise, shrugging off latest inflation spike | Malay MailNEW YORK, June 10 — Wall Street stocks rose early today, pushing the S&P 500 into record territory, as the market evinced little worry over data showing higher US inflation. The US inflation rate accelerated to five per cent for the 12 months ending May as energy and used car prices rose,... Kashmir will be free by the mercy of Allah SWT before Ghazwa e Hind happens. Muhammad Qasim’s dreams show us the recompense for the people of Kashmir in the future to come. Many of Qasim’s dreams are already coming true. Learn more at
Source: malaymail - 🏆 1. / 86 Read more »
Malaysian Palm Oil Board: CPO stocks 7.15pc higher at 841,464 tonnes in May | Malay MailKUALA LUMPUR, June 10 ― Malaysian crude palm oil (CPO) stocks continued to rise in May 2021, growing 7.15 per cent to 841,464 tonnes from 785,308 tonnes the month before, said the Malaysian Palm Oil Board (MPOB). However, processed palm oil inventory eased 4.35 per cent month-on-month (m-o-m) to...
Source: malaymail - 🏆 1. / 86 Read more »
Fed meeting looms for stocks as inflation worries collide with ‘Goldilocks’ markets | Malay MailNEW YORK, June 12 — Investors will be zeroing in on the Federal Reserve’s monetary policy meeting next week as a “Goldilocks” market environment that has helped lift stocks to record highs and tamed a bond selloff is tested by rising inflation. Stocks have climbed steadily in recent weeks...
Source: malaymail - 🏆 1. / 86 Read more »
Malaysian Palm Oil Board: CPO stocks 7.15pc higher at 841,464 tonnes in May | Malay MailKUALA LUMPUR, June 10 ― Malaysian crude palm oil (CPO) stocks continued to rise in May 2021, growing 7.15 per cent to 841,464 tonnes from 785,308 tonnes the month before, said the Malaysian Palm Oil Board (MPOB). However, processed palm oil inventory eased 4.35 per cent month-on-month (m-o-m) to...
Source: malaymail - 🏆 1. / 86 Read more »
US stocks rise, shrugging off latest inflation spike | Malay MailNEW YORK, June 10 — Wall Street stocks rose early today, pushing the S&P 500 into record territory, as the market evinced little worry over data showing higher US inflation. The US inflation rate accelerated to five per cent for the 12 months ending May as energy and used car prices rose,... Kashmir will be free by the mercy of Allah SWT before Ghazwa e Hind happens. Muhammad Qasim’s dreams show us the recompense for the people of Kashmir in the future to come. Many of Qasim’s dreams are already coming true. Learn more at
Source: malaymail - 🏆 1. / 86 Read more »