ALEX BRUMMER: The Greensill Capital scandal has exposed an enormous and terrifying failure in enforcement over the British financial system who failed to see warning signs of collapse.
(Bloomberg) Most Asian stocks fell Wednesday amid concern that faster inflation and the surge in commodities could test the economic recovery from the pandemic. Taiwan’s benchmark posted a record drop of as much as 8.6%, led by steep losses in semiconductors and amid a diplomatic spat with China and further Covid-19 curbs. Stocks fluctuated in Hong Kong and slid in Japan and South Korea, putting the regional gauge on course for its lowest close since January. U.S. contracts slipped after the S&P 500 continued its drop from a record high Friday. Dip buyers helped the tech-heavy Nasdaq 100 erase a loss of almost 2% to finish little changed. Treasury yields were steady and the dollar rose. Investors are awaiting inflation data and government debt sales in the U.S. events that could spark market volatility. Consumer-price inflation is set to quicken, with the year-on-year comparison amplified by the shock of Covid-19 shutdowns in 2020. Australia’s 10-year bond yield jumped after th
Stocks, Equity Futures Drop With Taiwan Tumbling: Markets Wrap swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.
(Bloomberg) U.S. equity-index futures weakened as investors awaited inflation figures to gauge the risk that price pressures will stifle growth in the world’s biggest economy. The tech-heavy Nasdaq 100 underperformed although overall declines were modest. European stocks opened higher, lifted by gains in miners and optimism about economic re-openings. Diageo Plc rose after forecasting earnings growth as sales at the world’s largest distiller recover on consumer demand. The dollar advanced with Treasuries. Debate over whether inflation will be persistent enough to force the Federal Reserve to tighten policy sooner than current guidance suggests comes as abundant stimulus has powered a rally in global equities, raising concerns valuations had become expensive. Consumer-price inflation is set to quicken, with the year-on-year comparison amplified by the shock of Covid-19 shutdowns in 2020. Yet a chorus of Fed officials have stepped in to reassure investors that the U.S. recovery sti
Futures weaken before inflation data, bonds steady bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.