The Nasdaq 100 index rallied as investors shrugged off a stronger-than-expected US inflation data. Jobless claims reached a pandemic-low. Asia-Pacific markets look set to trade higher amid improved.
Wall Street stocks rebounded as a slight miss in nonfarm payrolls data alleviated Fed tapering fears. Falling yields and a weaker US Dollar boosted gold and crude oil prices. APAC markets opened hi.
The Nasdaq 100 index pulled back ahead of Friday’s nonfarm payrolls data, as fears about Fed tapering geared up. The Hang Seng Index faces a headwind of re-escalating US-China tension.
Wall Street stocks closed mixed after a holiday break, with the Russell 2000 outperforming large-cap indexes. ISM manufacturing PMI showed economic strength. Oil prices surged to a two-and-half yea.
Wall Street stocks shrugged off higher-than-expected core PCE inflation data. The Russell 2000 retreated as AMC Entertainment pulled back. Asia-Pacific investors are eyeing Chinese PMI today.