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NEW YORK (Reuters) -A gauge of global shares rose to record highs on Tuesday, led by surging technology-related stocks, as Treasury bond yields eased after U.S. consumer price data for March showed the pace of inflation was not rising wildly.
FILE PHOTO: A nearly empty trading floor is seen at the New York Stock Exchange (NYSE) in New York, U.S., May 22, 2020. REUTERS/Brendan McDermid
The consumer price index rose 0.6%, the biggest gain since August 2012, as increased vaccinations and fiscal stimulus unleashed pent-up demand. But the data is unlikely to change Federal Reserve Chair Jerome Powell’s view that higher inflation in coming months will be transitory.
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NEW YORK (Reuters) -Oil prices rose about 1% on Tuesday on strong Chinese import data, but the rally was capped by concerns that pauses on the Johnson & Johnson vaccine could delay economic recovery and limit oil demand growth.
FILE PHOTO: The chimneys of the Total Grandpuits oil refinery are seen just after sunset, southeast of Paris, France, March 1, 2021. REUTERS/Christian Hartmann
Brent crude oil futures were up 69 cents, or 1%, at $63.97 a barrel by 12:10 p.m. ET (1610 GMT), while U.S. crude oil futures gained 70 cents, or 1.2%, to $60.39 a barrel. Both contracts have recorded changes of less than 1% for four straight sessions.
The new investment that the company is making this year will focus on building components for smart vehicles, including software platforms for self-driving cars, CGTN reported on Tuesday, citing Huawei s Rotating Chairman Eric Xu.Spea
By Reuters Staff
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(Reuters) - Global shipments of personal computers rose at their fastest pace in two decades in the first quarter as people bought computers to help them work and study remotely during the COVID-19 crisis, according to research firm Gartner Inc.
PC shipments, which include both laptops and desktop computers, grew 32% in the quarter to 69.9 million units, Gartner said.
China’s Lenovo Group Ltd grabbed the lead with a 25.1% market share, followed by HP Inc, Dell Technologies Inc, Apple Inc and Acer Group, according to the report.
“This growth should be viewed in the context of two unique factors: comparisons against a pandemic-constrained market and the current global semiconductor shortage,” said Mikako Kitagawa, research director at Gartner.