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Stocks Stage Late Rally to Set Another Record High: Markets Wrap

Stocks Stage Late Rally to Set Another Record High: Markets Wrap
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U S stocks stage late rally to set another record high

U S stocks stage late rally to set another record high
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Bitcoin versus old-school dollar

Bitcoin versus old-school dollar
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Gold posts weekly loss as US dollar, yields rebound

Gold fell on Friday as US Treasury yields climbed from near a three-month low and the US dollar strengthened. The metal erased some short-lived gains that were made in the wake of a US inflation report. Thursday’s US report on the consumer price index (CPI) showed that price increases were largely driven by categories associated with economic reopenings, bolstering the view that inflation pressures might ease later in the year. With the US Federal Reserve setting a high bar for reconsidering its dovish stance, the data ended up stoking risk appetite across global markets pressuring demand for bullion as a

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Asian Stocks Steady as U S Shrugs Off CPI Jump: Markets Wrap

Asian stocks were steady early Friday after U.S. shares and Treasuries rallied as investors judged that a jump in inflation is likely to be transitory, leaving scope for ongoing central-bank support. Japanese shares fluctuated, South Korea rose and Australia slipped.

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