Asian stocks slipped Friday after surprisingly robust economic data helped propel U.S. indexes to records. Yields on benchmark 10-year Treasury notes fell.
(Bloomberg) A gauge of Asia-Pacific stocks was steady Friday after surprisingly robust American economic data sent U.S. equity indexes to record levels. Yields on benchmark 10-year Treasury notes held a drop. Shares rose in China as figures showed economic growth soared from a year earlier but that quarter-on-quarter expansion slowed. Japan and Hong Kong were little changed in a soft end to the week despite optimism on Wall Street. European contracts edged up and U.S. futures slipped after the S&P 500 and Nasdaq 100 hit all-time highs on better-than-expected retail sales and jobless claims figures. Financials weakened amid the slide in bond yields, even after Citigroup Inc. and Bank of America Corp. beat trading-revenue forecasts. Traders suggested foreign buying and geopolitical risks may have contributed to the rally in Treasuries, with many investors caught positioned for further weakness. The U.S. dollar inched higher after a series of declines. Equities have reached all-time hig
Asia Stocks Set to Track U S Rally; Yields Slide: Markets Wrap swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.
Global stocks hit record highs on Friday and U.S. futures were steady as a string of positive economic figures from America and China highlighted the strength of the recovery. Oil gained.
U.S. Stocks Add to Record; Treasuries, Dollar Fall: Markets Wrap
This content was published on April 16, 2021 - 15:17
April 16, 2021 - 15:17
(Bloomberg) U.S. stocks extended all-time highs as record growth figures from China lifted materials companies and added fuel to bets on the global economic recovery. The dollar slipped.
The S&P 500 Index headed for its sixth weekly advance in the past seven as strong economic data and a solid start to the corporate earnings season bolstered optimism. Tech shares lagged behind. Chinese stocks outperformed in Asia after a report showed the nation’s economy soared in the first quarter. The Stoxx Europe 600 Index was poised for a seventh week of advances, its longest streak since May 2018.