The Daily Chase: Markets weigh inflation fears; Colonial pipeline returns to service VIDEO SIGN OUT
After being down for much of the early morning, futures turned positive, suggesting investors are in a buying mood after inflation fears helped send the S&P 500 yesterday to its worst single-day loss since February. Should be noted we saw more signs of renewed inflationary pressure this morning, with U.S. producer prices doubling expectations in April (with 0.6 per cent gain) and Canadian industrial prices surging the most since 1980 (up 14.2 per cent year-over-year last month). The Nasdaq, meanwhile, has tumbled more than 5 per cent this week alone. And yet, if you canvass the analyst community, so many of the big names are universally loved (or close to it). Amazon, for instance: 53 analysts, all with Buy recommendations.
Tokyo stocks end higher as US stimulus tapering jitters recede
May 10, 2021 (Mainichi Japan)
A woman wearing a protective mask walks in front of an electronic stock board showing Japan s Nikkei 225 index at a securities firm on May 10, 2021, in Tokyo. (AP Photo/Eugene Hoshiko) TOKYO (Kyodo) Tokyo stocks ended higher Monday as concern that the Federal Reserve would start tapering monetary easing measures receded due to weaker-than-expected nonfarm U.S. payrolls data for April. The 225-issue Nikkei Stock Average ended up 160.52 points, or 0.55 percent, from Friday at 29,518.34. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 19.22 points, or 0.99 percent, higher at 1,952.27.
2021-05-10 13:07:03 GMT2021-05-10 21:07:03(Beijing Time) Xinhua English
TOKYO, May 10 (Xinhua) Tokyo stocks ended higher Monday as concerns the U.S. Federal Reserve may taper its monetary easing policy eased as recent U.S. jobs data came in well-below market expectations, with sentiment also lifted by firms reporting solid earnings.
The 225-issue Nikkei Stock Average added 160.52 points, or 0.55 percent, from Friday to close the day at 29,518.34.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 19.22 points, or 0.99 percent, to finish at 1,952.27.
Dealers here said that Wall Street s lead from late last week set the mood from the get-go, with the Dow Jones Index and S&P 500 marking record closes as non-farm payroll data came in far below median analysts expectations.
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The $247.7 billion fund has its sights set on shale oil and gas companies next.
The $247.7 billion New York State Common Retirement Fund said it will restrict investments in oil sands companies it deems unprepared to “transition to a low-carbon economy,” and will sell off the investments it already has in those kinds of companies.
The fund said it decided to ban investments in oil sands companies because they produce a heavy type of crude oil that is more costly and carbon-intensive than other forms of crude production. The fund currently holds more than $7 million in such securities, but said those “will be sold in a prudent manner and time frame.”