Monday, 03 May 2021 05:24 PM MYT
File picture of an Afghan moneychanger counts United States dollar (USD) currency notes on a street in Kabul on October 1, 2011. AFP pic
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LONDON, May 3 The dollar levelled out after its recent bounce today as investors made a cautious start to a week crammed with central bank meetings and big-ticket US economic data, waiting for clues on the global inflation outlook and policymakers’ responses.
Trade was thinned by holidays in Japan, China and Britain, which kept a lid on volatility, leaving the greenback to trade where it settled after a Friday leap. It held at US$1.2040 (RM4.94) per euro and crept to a three-week high of ¥109.66 (RM4.10).
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5/3/2021 10:50:22 AM GMT
Investors in Asia-Pacific continue monitoring the Covid-19 situation in India as the country continues to battle a deadly second wave of infections. Over the weekend, more than 400,000 daily new cases were registered for the first time.
Stocks in Asia-Pacific slipped on Monday, with major markets in China and Japan closed for the holidays. In Hong Kong, the Hang Seng Index led losses among the region’s major markets as it fell 1.48% by the afternoon. South Korea’s KOSPI shed 0.19% in afternoon trade. Over in Australia, the S&P/ASX 200 sat below the flatline.
In a bigger picture, inflation remains a key concern for investors. The latest U.S. data show fiscal stimulus contributed to driving the strongest monthly gains in personal incomes in records going back to 1946, and the Federal Reserve’s preferred gauge of prices rose by the most since 2018. Even though last year’s pandemic shock has skewed some data, suc
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A man holding an umbrella walks in front of an electric board showing Nikkei index at a brokerage in Tokyo, Japan February 15, 2021. REUTERS/Kim Kyung-Hoon
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European shares gained on Monday as investors bullish about the global economic recovery looked ahead to a busy week for U.S. economic data that is expected to underline the strength of the rebound.
With China, Japan and Britain closed for public holidays, volumes were thin and Asian shares got off to a slow start, with most markets slipping into the red.
FOREX-Dollar retreats as traders brace for more U.S. data Reuters 2 hrs ago
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By Ritvik Carvalho
LONDON, May 3 (Reuters) - The dollar retreated after its recent bounce on Monday as investors made a cautious start to a week crammed with central bank meetings and big-ticket U.S. economic data, waiting for clues on the global inflation outlook and policymakers responses.
Trade was thinned by holidays in Japan, China and Britain, which kept a lid on volatility, leaving the greenback to trade where it settled after a Friday leap. It slid back to $1.2054 per euro and crept to a three-week high of 109.66 yen .
by Tyler Durden
Monday, May 03, 2021 - 07:57 AM
S&P and Nasdaq futures, and European bourses were volatile but ultimately rose on Monday to kick off a new month in a quiet session which saw several major markets closed, following a week of record earnings beat which however resulted in big stock drops with investors also keeping an eye on India covid cases and economic data to gauge the pace of recovery.
Trading was subdued with several including Japan, China and the U.K. closed for public holidays. S&P 500 futures added 0.6%, Dow e-minis were up 216 points, or 0.64%, and Nasdaq 100 e-minis were up 40.25 points, or 0.30%. Europe’s Stoxx 600 Index gained 0.4%. The yen weakened, while gold advanced.