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Asian stock markets mixed after Wall St retreats from record
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Asian stock markets mixed after Wall St retreats from record
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Asian stock markets mixed after Wall St retreats from record
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Global equity markets rose to a fresh record high on Wednesday as bond yields eased after data showed inflation in the United States was not rising wildly.
Most Asia-Pacific share indexes followed Wall Street higher, while benchmark US Treasury bond yields continued their decline, marking a fresh three-week low.
Japan bucked the trend, with the Nikkei falling 0.4 percent as rising coronavirus cases raised doubts about an economic reopening with 100 days to go until Tokyo is scheduled to host the Olympics.
MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.6 percent. Hong Kong’s Hang Seng rallied 1.3 percent, while China’s blue-chip index jumped 0.7 percent.
Home / Market News / Metals Stocks: Gold declines as investors look to Powell’s speech, await Beige Book report for hints on the economic outlook
Metals Stocks: Gold declines as investors look to Powell’s speech, await Beige Book report for hints on the economic outlook
Gold futures decline on Wednesday as investors look to a speech from Federal Reserve Chairman Jerome Powell and await the central bank’s Beige Book report for hints on the economic outlook. Meanwhile, bitcoin, one of gold’s biggest rivals as a safe haven, hit a fresh record, with the hotly anticipated cryptoplatform Coinbase Global set to debut on the Nasdaq.