World stocks reach record peaks as US inflation fears subside
Most Asia-Pacific share indexes followed Wall Street higher, with Hong Kong s Hang Seng leading gains in the region, while benchmark US Treasury yields continued their decline, marking a fresh three-week low
Reuters | April 14, 2021 | Updated 11:50 IST
Global equity markets rose to a fresh record high on Wednesday as bond yields eased after data showed US inflation was not rising wildly. Most Asia-Pacific share indexes followed Wall Street higher, with Hong Kong s Hang Seng leading gains in the region, while benchmark US Treasury yields continued their decline, marking a fresh three-week low.
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Global stock markets pushed to record highs on Wednesday as bond yields eased, after data showed U.S. inflation was not rising too fast as the economy re-opens.
With fears receding for now that a strong inflation reading might endanger the Federal Reserve’s accommodative stance, European shares opened 0.1% higher.
Gains were capped after Johnson & Johnson said it would delay rolling out its COVID-19 vaccine to Europe, after U.S. health agencies recommended pausing its use in the country after six women developed rare blood clots.
(Bloomberg) Technology shares pushed U.S. stocks down from record highs. Treasury yields increased and crude oil gained. PayPal Holdings Inc. and Nvidia Corp. paced loses in the information technology sector of the benchmark S&P 500 Index, which had fluctuated for much of Wednesday’s trading session as investors weighed earnings from companies including some of the world’s biggest banks. Federal Reserve Chairman Jerome Powell had said economic growth was accelerating, but also warned that risks from a potential spike in Covid-19 cases remain. “We’re going to see a lot of volatility,” said Mike Loukas, president and chief executive officer at TrueMark Investments. “Volatility seems to be the key and somehow when it all comes through the pipeline we end up with record highs.” Elsewhere, Bitcoin retreated after reaching an all-time high, as did Ether, the second-largest digital token, in the wake of the debut by cryptocurrency company Coinbase Global Inc. on the Nasdaq Com
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