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Futures Slide, European Stocks Drop On Fresh Infection, Inflation Fears

by Tyler Durden Monday, May 17, 2021 - 07:58 AM US equity futures and European stocks dipped in a quiet overnight session to start the week amid renewed concerns about rising inflation and a spike in Covid-19 cases in parts of the world. Gold briefly reached a three-month high, while oil and the dollar were little changed; 10Y TSY yields rose after dropping earlier in the session. At 715am ET, Dow e-minis were down 125 points, or 0.36%, S&P 500 e-minis were down 17 points, or 0.39%, and Nasdaq 100 e-minis were down 46 points, or 0.34%, reversing much of Friday’s rebound. Wall Street s main indexes rebounded on Thursday and Friday as investors picked up beaten-down stocks following a pullback earlier in the week on concerns around inflation and a possible tightening by the U.S. Federal Reserve. However, the mood reversed on Monday with travel, oil & gas and industrials the weakest sectors, while telecoms and autos were strong. Shares of Discovery jumped 12.5% in premarket tradin

Glaxo Has Positive Results; Taiwan Bans Foreigners: Virus Update

Sanofi and GlaxoSmithKline Plc reported positive results from a mid-stage study, offering optimism their delayed Covid-19 vaccine could be cleared by the end of the year.

Madrasahs and Islamic education classes in Singapore to shift online from May 19: Muis

The Straits Times Madrasahs and Islamic education classes in Singapore to shift online from May 19: Muis Muis said Islamic education centres and providers must shift all learning programmes online during the heightened alert period.FILE PHOTO: MADRASAH AL-MAARIF https://str.sg/JvP3 They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months.

21 new community COVID-19 cases in Singapore; new cluster linked to Marina Bay Sands Casino dealer

21 new community COVID-19 cases in Singapore; new cluster linked to Marina Bay Sands Casino dealer Toggle share menu Advertisement Advertisement Singapore File photo of the main gambling floor of Marina Bay Sands Casino. (Photo: Reuters) 17 May 2021 04:30PM (Updated: 18 May 2021 01:14AM) Share this content Bookmark SINGAPORE: Twenty-one COVID-19 community cases were reported in Singapore as of noon on Monday (May 17), the Ministry of Health (MOH) said. Ten cases were linked to previous infections, while 11 had no links to other cases. Six of the 21 cases had been placed on quarantine earlier, said the ministry. Advertisement Advertisement There were also seven imported cases, who had already been placed on stay-home notice upon their arrival in Singapore. 

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