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Global stocks fall as tech shares weigh; gold rises to more than three-month high | Malay Mail

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NEW YORK, May 18 ― Stock indexes edged lower globally yesterday, with technology shares weighing the most on the benchmark US S&P 500 index, while gold prices hit their highest in more than three months as investors sought safety. US Treasury yields, however, traded little changed even after...

Tuesday, 18 May 2021 07:31 AM MYT

The Empire State Manufacturing Survey, produced by the New York Fed, showed the prices paid index rose to a record 83.5, the highest since the data series began in 2001, said Tom Simons, money market economist at Jefferies & Co. “The Fed has been pretty consistent in its message that it's going to be quite tolerant of inflation, it's not going to cause them to raise rates prematurely or pull back on asset purchases,” Simons said.

The pan-European STOXX 600 index lost 0.05 per cent and MSCI's gauge of stocks across the globe shed 0.09 per cent.

 

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