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Asian Stocks Dip on Growth Concerns, China Curbs: Markets Wrap

(Bloomberg) U.S. stock-index futures fell and the dollar extended a rally as faltering growth and China’s regulatory curbs compounded risks before the Federal Reserve’s Jackson Hole symposium next week. Equity markets around the world were broadly in the red for another day. Hong Kong’s benchmark stock index entered a bear market and Europe’s Stoxx 600 Index was on track for the biggest weekly loss since February. Investors sought the safety of haven assets, with the dollar rising for a fifth day, its longest winning streak in two months. Treasury yields fell and gold climbed. “The delta variant of Covid is significantly more serious than anyone is really even pricing into the market,” Hilary Kramer, chief investment officer at Kramer Capital Research, said on Bloomberg Television. “We know that tapering is coming. We know that the market is getting tired.” With virus cases surging around the world, there’s speculation that economic growth could lose moment just as

US futures fall as investors see off gloomy week: markets wrap

US futures fall as investors see off gloomy week: markets wrap
moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.

Stocks Extend Losses; Hang Seng Enters Bear Market: Markets Wrap

(Bloomberg) Stocks climbed as dip buyers resurfaced at the end of a week marked by a surge in global volatility. All major groups in the S&P 500 advanced, while the NYSE FANG+ Index of giants such as Apple Inc. and Facebook Inc. halted a five-day slide. Chinese shares listed in the U.S. rallied Friday, but still suffered their longest streak of weekly losses in a decade. Both the dollar and Treasuries were little changed. Financial markets were rattled this week by speculation the global recovery could lose momentum just as central banks get ready to reduce support measures. Dallas Federal Reserve President Robert Kaplan said he’s open to adjusting his view that the Fed should start tapering its asset-purchase program sooner rather than later if the delta variant persists and hurts economic progress. While risks to the economy are mounting, money managers in search of returns are sticking to equities. U.S. stock-fund data collected before the Fed signaled it could potentially start

Risk Off: Futures, Oil And Yields Slide, Hong Kong In Bear Market; Dollar Surges

Risk Off: Futures, Oil And Yields Slide, Hong Kong In Bear Market; Dollar Surges
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

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