May 25 2021, 3:46 PM
May 25 2021, 3:15 AM
May 25 2021, 3:46 PM
(Bloomberg) U.S. equity futures rose Tuesday along with European stocks after Federal Reserve officials played down the risk of persistent inflation. A gauge of dollar strength against a basket of peers headed for the lowest level since January.
(Bloomberg) U.S. equity futures rose Tuesday along with European stocks after Federal Reserve officials played down the risk of persistent inflation. A gauge of dollar strength against a basket of peers headed for the lowest level since January.
The Stoxx Europe 600 index was on track for a fresh record high, with technology stocks boosted by results from Aveva Group Plc and Sinch ABâs share offering. Vonovia SE fell as much as 6.8% after it agreed to acquire rival Deutsche Wohnen SE for about 19 billion euros ($23 billion) in the biggest-ever takeover in in European real estate, though news of the deal buoyed the sector as a whole.
U.S. stocks drop as economic data outweigh Fed remarks
Rita Nazareth and Vildana Hajric, Bloomberg News
BNN Bloomberg s mid-morning market update: May 25, 2021 VIDEO SIGN OUT
Stocks retreated as inflationary signals from the latest economic reports overshadowed dovish reassurances from several Federal Reserve officials. Treasuries climbed.
Most major groups in the S&P 500 dropped after a gauge of new U.S. home sales slid by more than forecast as higher prices restrained demand. Separate figures showed that consumer confidence slipped for the first time this year, with inflation concern and elevated unemployment likely curbing improvement in sentiment. Meanwhile, Fed Vice Chair Richard Clarida said price pressures would âprove to be largely transitory.â
Stocks waver amid economic data, Fed price views 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.
MONEYWEB
app instead?
The largest cryptocurrency remains about $25 000 off its mid-April record.
By Andreea Papuc, Bloomberg
25 May 2021 09:09
Image: Soichiro Koriyama/Bloomberg
Asian stocks and US equity futures rose Tuesday following a Wall Street rally, buoyed by soothing Federal Reserve comments on inflation and Chinaâs efforts to temper commodity prices.
MSCI Inc.âs Asia-Pacific equity index was set for the highest close in about two weeks. Chinaâs CSI 300 gauge surged about 3% following Beijingâs efforts to talk down raw material costs. European and US stock futures climbed after the S&P 500 advanced and the Nasdaq 100 outperformed overnight.
INSIDERGOLD
Subscribe for full access to all our share and unit trust data tools, our award-winning articles, and support quality journalism in the process.
To view all features and options, click here.
A monthly subscription is charged pro rata, based on the day of purchase. This is non-refundable and includes a R5 once-off sign-up fee.
A yearly subscription is refundable within 14 days of purchase and includes a 365-day membership.
Gold capped three consecutive weeks of gains as investors weighed inflation risks and spikes in coronavirus cases in some countries. Market-based gauges of inflation expectations have declined of late, though concerns linger that the post-pandemic recovery could stoke price pressures and force a pullback in extraordinary central bank support. Investors were also weighing the extreme volatility in Bitcoin, which may have lent an added pillar of support to bullion.