GLOBAL MARKETS-Asia slips into holiday lull, U.S. data set to shine Reuters 5/3/2021
Popular Searches Focus on U.S. manufacturing, jobs data Upbeat numbers to test Fed patience on policy
By Wayne Cole
SYDNEY, May 3 (Reuters) - Asian share markets got off to a slow start on Monday as holidays in China and Japan crimped volumes and investors awaited a raft of data this week which should show the U.S. leading a global economic recovery.
MSCI s broadest index of Asia-Pacific shares outside Japan slipped 0.7%, led by a 1.3% drop in Taiwan . Japan s Nikkei was shut for a holiday, but Nikkei futures edged up 0.4%.
Stock markets gain as investors get bullish ahead of key US data
5 hours ago People queue in front of a fashion store in Vienna, Austria, on Monday. Austria partially reopened after a regional lockdown amid the ongoing pandemic. Agence France-Presse
With China, Japan and Britain closed for public holidays, volumes were thin. The Euro STOXX index rose 0.71%, while the German DAX gained 0.61% and France’s CAC 40 0.5%.
Wall Street futures were higher, pointing to yet more gains after stock markets notched up another round of record highs last week. The MSCI world equity index, which tracks shares in 49 countries, was flat on the day and below record highs, however, as losses in Asia offset the gains in Europe.
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By Andreea Papuc, Bloomberg
3 May 2021 08:19
Image: Bloomberg
US equity futures climbed and stocks in Asia dropped Monday as investors assessed inflation risks amid improving economic activity. The dollar held onto gains.
Hong Kong led losses amid low volumes with Japan and China, as well as the UK, among markets closed for holidays. US and European futures edged higher after the S&P 500 dropped from a record Friday, amid data pointing to price pressures and talk of a possible pullback in central bank support. Still, the US gauge capped its biggest monthly rally since November.
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LONDON 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 .
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