10 Apr 2021 / 08:59 H. MSCI AxJ index up 0.7%; dollar gains on risky currencies Biden plans broad spending programme, big U.S. jobs number eyed U.S. bond yields turn steady in calmer trade
By Tom Westbrook
SINGAPORE, April 1 (Reuters) - Stocks crept higher on Thursday following their weakest quarter in a year and vaunted U.S. economic strength supported the dollar, as investors parsed details of a $2 trillion government spending plan and hoped for strong jobs data later in the week.
MSCI s broadest index of Asia-Pacific shares outside Japan recouped Wednesday losses with a 0.7% gain. The greenback hit a three-month high against the Aussie and was near milestone peaks on the euro and the Japanese yen.
<div class="at-above-post addthis tool" data-url="https://www.metro.us/u-s-spending-boom-offsets/"></div>LONDON (Reuters) – World stocks ran higher on Thursday following their slowest quarter in a year, as U.S. economic strength offset the return to strict COVID lockdown measures in parts of Europe and elsewhere. U.S. President Joe Biden’s sweeping $2.3 trillion plan to rebuild America’s crumbling infrastructure lifted MSCI’s 50-country world index for a second […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/u-s-spending-bo
Thursday, 01 Apr 2021 11:14 AM MYT
Japan’s Nikkei rose 1.3 per cent as a survey showed big manufacturers’ mood bouncing back to pre-pandemic levels. Reuters pic
Subscribe to our Telegram channel for the latest updates on news you need to know.
SINGAPORE, April 1 Stocks crept higher today following their weakest quarter in a year, while higher Treasury yields supported the dollar, as investors parsed the details of a US$2 trillion (RM8.29 trillion) US government spending plan and hoped for strong jobs data later in the week.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6 per cent after a modest drop yesterday. Japan’s Nikkei rose 1.3 per cent as a survey showed big manufacturers’ mood bouncing back to pre-pandemic levels.
Stocks edge up as Biden spending plan boosts US outlook
Reuters
SINGAPORE/NEW YORK |
Updated on
April 01, 2021
×
Stocks crept higher on Thursday following their weakest quarter in a year, while higher Treasury yields supported the dollar, as investors parsed the details of a $2 trillion US government spending plan and hoped for strong jobs data later in the week.
MSCI s broadest index of Asia-Pacific shares outside Japan rose 0.6 per cent after a modest drop on Wednesday. Japan s Nikkei rose 1.3 per cent as a survey showed big manufacturers mood bouncing back to pre-pandemic levels.
Ten-year U.S. Treasuries, which had suffered their biggest selloff in a dozen years last quarter, remained under pressure and yields crept as high as 1.753%, while the dollar stood just shy of a one-year peak on the yen at 110.685.