S&P 500 trades near records as tech stocks score a fillip from 10-year’s skid below 1.5% MarketWatch 1 hr ago
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Video: Why the market is reacting to inflation data (CNBC)
Why the market is reacting to inflation data
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U.S. stock benchmarks were advancing modestly early Wednesday, but enough to see all three benchmarks trade at or near record-closing territory, ahead of an eagerly awaited inflation report due Thursday.
A decline of the benchmark 10-year Treasury yield, to around its lowest level in three months, as investors appeared to dismiss inflation concerns, also was buoying yield-sensitive assets like technology stocks.
Read more about Market turns positive amid initial volatility; breadth strong on Business Standard. Key benchmark indices are trading with modest gains in early trade amid mild volatility. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 75.95 points or 0.15% at 52,351.52. The Nifty 50 index was up 27.75 points or 0.18% at 15,767.85.
London midday: Stocks in the red as inflation concerns weigh
Wed, 9th Jun 2021 10:54
(Sharecast News) - London stocks had fallen further into the red by midday on Wednesday amid concerns about rising inflation after the latest set of figures from China and ahead of US data later in the week.
The FTSE 100 was down 0.6% at 7,054.79.
Oanda market analyst Sophie Griffiths said: Few investors are willing to take on big positions ahead of tomorrow s double risk whammy - the European Central Bank rate decision and US CPI inflation data. There are plenty of signs to suggest that inflationary pressures are building. Friday s NFP revealed a weaker than expected headline number, but average wages rose by more than forecast.