(Bloomberg) U.S. stocks ended the week at all-time highs as Chinese growth data added to signs of a global economic recovery. The dollar slipped. The S&P 500 Index capped its fourth straight weekly advance as the strong data from Asia joined a raft of robust readings in the world’s largest economy to boost sentiment. Chinese stocks outperformed in Asia after a report showed the nation’s economy soared in the first quarter. The Stoxx Europe 600 Index posted a seventh week of advances, its longest streak since May 2018. The data from Beijing added to Thursday’s string of positive economic figures out of the U.S., pushing the MSCI All-Country World Index to a fresh record. Treasuries extended their gains. Morgan Stanley became the latest American bank to post record first-quarter results. Along with healthy corporate earnings, the week’s dump of data gave fresh impetus to the reflation trade. In the U.S., retail sales and weekly jobless claims data signaled an accelerating recov
Asia Stocks Steady After U S Record; Dollar Rises: Markets Wrap
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Global Stocks Hit Record as U S Futures Steady: Markets Wrap
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Global stocks hold near peak, equity futures mixed: markets wrap
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(Bloomberg) Asian equities were muted at Thursday’s open after U.S. stocks closed off all-time peaks as a drop in cryptocurrency exchange Coinbase Global Inc. overshadowed strong bank earnings. Crude oil trimmed earlier gains. Shares were up slightly in Japan, little changed in South Korea and lower in Australia. U.S. contracts edged higher after a slide in technology shares pulled benchmarks off record levels. Coinbase traded down in its Nasdaq debut, and Bitcoin slid from its high. The S&P 500 Index fluctuated as traders tracked earnings from some of the world’s biggest banks, including revenue windfalls for Goldman Sachs Group Inc. and JPMorgan Chase & Co. Read: Coinbase Selloff After Trading Debut Spills Into Bitcoin Rally The dollar was little changed after three straight days of losses. Treasuries were also steady after slipping in U.S. hours, though the benchmark 10-year yield at 1.64% remains well off its highs. Traders in Asia will focus on the People’s Bank of China