U S futures rise with stocks; Treasuries steady bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
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Treasury yields climbed and the dollar strengthened.
28 May 2021 10:22
US equity futures eked out small gains on Friday after solid economic data and President Joe Bidenâs federal spending plans spurred a Wall Street rally in cyclical shares. Treasury yields climbed and the dollar strengthened.
The Stoxx Europe 600 index advanced, led by raw-material producers and banks. MSCI Inc.âs Asia-Pacific equity gauge was set for the highest close in a month, with shares in Japan outperforming. Earlier, industrial and financial equities fueled a modest overall increase in the S&P 500, which is on track for a fourth month of gains, with small-caps outperforming. The tech-heavy Nasdaq 100 slipped.
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Stocks end month near peak buoyed by growth hopes bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Gold slipped from the highest level in more than four months as the dollar and Treasury yields edged up, with investors weighing the future of monetary policy in a post-pandemic world.Federal Reserve Vice Chairman for Supervision Randal Quarles said on Wednesday that it will be important for the U.S. central bank to begin discussing in coming months plans to reduce its massive bond purchases if the economy continues to power ahead coming out of the pandemic. Meanwhile, New Zealand followed in the footsteps of Canada to flag a potential interest-rate increase next year as central banks begin to tip toe away from their emergency monetary settings.Gold has erased its 2021 losses amid signs of rising inflation and a potentially uneven economic recovery as some countries grappled with a resurgence in coronavirus cases. Fed officials have pushed back against the threat that a spike in price pressures will prove lasting, while reassuring investors on the central bank’s ac