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by Tyler Durden
Friday, May 07, 2021 - 07:59 AM
S&P futures rose overnight alongside European and Asian market in another quiet session, as commodities smashed higher ahead of a blockbuster jobs report (whispers of a 2MM+ print) which will cap a series of strong economic reports this week. Global stocks headed for their first weekly gain in three with MSCI s world index rising about 0.1% and on course for a 0.4% gain this week amid a surge in commodity prices. Copper joined iron ore and steel by hitting a new all-time record as expectations that rebounding economies will spur a boom in global demand, while the Bloomberg Commodity Spot Index jumped to its highest level since 2011.
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Pound was little changed ahead of the latest policy decision from the Bank of England.
By Andreea Papuc, Bloomberg
6 May 2021 10:06
Image: Bloomberg
European stocks rose alongside US equity futures on Thursday as investors monitored a slew of corporate earnings ahead of key employment data from the worldâs largest economy. The dollar slipped.
The Stoxx 600 Index opened higher as banks and automakers gained on strong earnings. Societe Generale SA jumped after turning in its best equities-trading performance since 2015. Volkswagen AG raised its earnings outlook following robust first-quarter earnings. The pound was little changed ahead of the latest policy decision from the Bank of England.
May 06 2021, 2:21 PM
May 06 2021, 3:26 AM
May 06 2021, 2:21 PM
(Bloomberg) European stocks fluctuated while U.S. equity futures rose on Thursday as investors monitored a slew of corporate earnings ahead of key employment data from the worldâs largest economy. The dollar weakened.
(Bloomberg) European stocks fluctuated while U.S. equity futures rose on Thursday as investors monitored a slew of corporate earnings ahead of key employment data from the worldâs largest economy. The dollar weakened.
The Stoxx 600 Index swung between gains and losses as earnings rolled in. Societe Generale SA jumped after turning in its best equities-trading performance since 2015. Anheuser-Busch InBev shares surged after the brewer posted a blowout quarter and replaced its chief executive officer. Vaccine makers plunged after the European Union backed a plan to discuss waiving vaccine-patent protections.
STOXX Europe 600 fell 0.14% to 440.93
MXAP up 0.7% to 206.23
MXAPJ up 0.3% to 690.73
Nikkei up 1.8% to 29,331.37
Topix up 1.5% to 1,927.40
Hang Seng Index up 0.8% to 28,637.46
Shanghai Composite down 0.2% to 3,441.28
Sensex up 0.5% to 48,917.26
Australia S&P/ASX 200 down 0.5% to 7,061.69
Kospi up 1.0% to 3,178.74
Brent Futures down 0.19% at $68.83/bbl
Gold spot up 0.39% to $1,793.90
U.S. Dollar Index down 0.23% to 91.094
German 10Y yield fell 0.3 bps to -0.231%
Euro up 0.27% to $1.2038
Top Overnight News from Bloomberg
Treasury Secretary Janet Yellen faces the challenge of speeding a debt-ceiling increase through Congress without shaking investor confidence, a potentially difficult task even with Democrats controlling both chambers and the White House
JPMorgan Chase & Co. is further expanding its balance sheet in Frankfurt as it adapts to a post-Brexit Europe. The U.S. bank expects to add a similar amount to its European hub in 2021 as it did last year, according to