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World shares dipped on Monday as the U.S. Senate's passage of a $1.9 trillion stimulus bill put fresh pressure on Treasuries and tech stocks with lofty valuations, raising inflation jitters.
BusinessWorld March 7, 2021 | 5:46 pm EUROPE’s vaccine blunders are alarming some of the world’s top investors, who see economic growth imperiled by a slow pace of business reopenings. While the region’s stocks are riding the global rally and faring well against the selloff in US big tech, prolonged lockdowns threaten the economic recovery. Investors are taking notice. European equity funds have recorded three weeks of outflows, with Bank of America Corp. and BlackRock Investment Institute warning that the continued virus outbreak could hurt trading strategies in the sin...
MacroBusiness Access Subscriber Only Content See the latest Australian dollar analysis here: The Australian dollar lifted again Friday night despite local economic woes attached Dictator Dan’s renewed Melbourne lockdown. The main reason for it was a soft US dollar. The USD Index should keep falling for a while yet. It is under pressure from the global recovery and it usually falls as US recoveries gain strength as well as capital flows outwards to higher return jurisdictions. Another reason for that ongoing weakness in DXY today is that falling real yields, from MUFG: The US dollar has rebo...
4 Min Read NEW YORK/LONDON (Reuters) - A rally in U.S. yields is clouding the outlook for one of the market’s most popular trades: betting against the dollar. FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao/File Photo/File Photo The U.S. currency is up more than 1% from its recent lows, shadowing a move that has taken the benchmark 10-year Treasury yield to its highest level since March on expectations that a Democratic-controlled Congress will dish out more stimulus in 2021 as vaccines roll back the coronavirus pandemi...
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The U.S. currency is up more than 1% from its recent lows, shadowing a move that has taken the benchmark 10-year Treasury yield