World stocks fall on inflation concerns amid strong U S data reports streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Trading on Wednesday might be impacted by reaction to a report on private-sector employment as well as the Federal Reserve's Beige Book.As of 8.05 am ET, the
factory activity in the U.S. mid-Atlantic region slowed in May
from a record pace, casting doubt on how fast the economy can
continue to roar.
securities, or TIPS, fell to a session low of 2.44% after the
auction of $13 billion in 10-year TIPS securities. “To continue to buy protection against inflation requires
either a belief or additional evidence that inflation is
continuing to go higher, above where you bought the last time,”
said Jim Vogel, interest rate strategist at FHN Financial. The market needs to see confirmation of faster inflation
after so much optimism about the recovery, the economy reopening
Asia shares perk up as receding inflation fears lift Wall Street
By Kevin Buckland
Reuters
TOKYO (Reuters) - Asian stocks rose on Friday, setting the region up for a weekly gain, as investors tempered fears about hot inflation and the prospects of an early tapering of stimulus by the Federal Reserve.
Japan s Nikkei jumped 1%, while MSCI s broadest index of Asia-Pacific shares outside Japan added 0.6%.
Taiwan s tech-heavy stock index climbed 1.8%, leading gains in the region, while Chinese blue chips added 0.3%.
For the week, an index of stocks across Asia-Pacific was set for a 1.9% advance.
Futures pointed to a further 0.3% rise for the S&P 500 later in the global day, following a more than 1% jump on Thursday.