MONEYWEB
app instead?
Dollar crashes below 2021 uptrend back to where it began the year.
By Bloomberg News
10 May 2021 06:15
Itâs back to square one for the dollar.
After Fridayâs worse-than-expected US employment data, the Bloomberg Dollar Spot Index slumped definitively out of its 2021 uptrend and is back to little changed for the year. Posting its biggest one-day fall in five months, the greenback is now at risk of a decline toward its lowest since February 2018.
INSIDERGOLD
Subscribe for full access to all our share and unit trust data tools, our award-winning articles, and support quality journalism in the process.
MONEYWEB
app instead?
The pound touched a 10-week high.
By Andreea Papuc, Bloomberg
10 May 2021 09:52
Image: Soichiro Koriyama/Bloomberg
US equity futures climbed and Asian stocks were mixed Monday following another record high for the S&P 500 Index as weak jobs data reinforced the case for stimulus. Gasoline and crude oil rose after a cyberattack forced the closure of a key US pipeline.
The materials sector led gains in an Asia-Pacific share index as commodities advanced. Australian stocks ended at an all-time high, while Hong Kong and China dropped. Gasoline jumped as much as 4.2% to a three-year high before paring the increase, with US operator Colonial Pipeline providing no timeline for a restart following a shutdown late Friday due to a ransomware attack.
by Tyler Durden
Monday, May 10, 2021 - 08:01 AM
S&P futures started the weak flat with Nasdaq futures falling offset by surging commodity stocks as a new record in copper and iron ore prices stoked concern about whether inflation will derail a growth rebound in the world’s largest economy and spoil a record stock rally. Metal producers were among the biggest gainers in premarket trading, with Freeport-McMoRan, Cleveland-Cliffs and United States Steel all up at least 3%.
At 715 am ET, Dow e-minis were up 109 points, or 0.31%, S&P 500 e-minis were up 3.25 points, or 0.08%, and Nasdaq 100 e-minis were down 35.5 points, or 0.26%. The tech-heavy index has been whipsawed by the prospect of inflation which threatens longer-term profit expectations typical of the industry A downgrade by Citi of Internet stocks such as GOOGL did not help. Treasury yields steadied as traders brace for a busy week of auctions.
JoAnne Feeney s Top Picks: May 14, 2021
A day in the life of Wall Street shows NYC at cusp of comeback
More than US$1.3 billion worth of art sold this week in NYC
Robert McWhirter s Top Picks: May 13, 2021
Paul Harris Top Picks: May 12, 2021
Fed s Clarida plays down significance of rising inflation
Stocks slide for second day; treasury yields rise
The options market may be fueling the turbulence in tech shares
Bruce Campbell s Top Picks: May 11, 2021
Upstart crypto exchange FTX surges toward top of trading ranks
Rout lands on Nasdaq where shorts are massing, bulls getting out
Tech sends stocks down with inflation angst rising
JoAnne Feeney s Top Picks: May 14, 2021
A day in the life of Wall Street shows NYC at cusp of comeback
More than US$1.3 billion worth of art sold this week in NYC
Robert McWhirter s Top Picks: May 13, 2021
Paul Harris Top Picks: May 12, 2021
Fed s Clarida plays down significance of rising inflation
Stocks slide for second day; treasury yields rise
The options market may be fueling the turbulence in tech shares
Bruce Campbell s Top Picks: May 11, 2021
Upstart crypto exchange FTX surges toward top of trading ranks
Rout lands on Nasdaq where shorts are massing, bulls getting out
Tech sends stocks down with inflation angst rising