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The Stock Exchange of Thailand Index (SET) rebounded yesterday after declining by nearly 80 points, or 4.8%, over the previous three days, amid concerns over the Covid-19 Omicron variant and the US Federal Reserve's faster than expected tapering of quantitative easing (QE).
Recap: Global shares struggled near record highs on Friday as concerns over slowing China growth and a resurgence of the pandemic in Europe stalled a widespread equity market rally.
Recap: Global shares were mixed while European and US markets were steady yesterday as investors weighed the outlook for economic recovery, while US banks rose after passing stress tests. For the week, global shares are poised for their biggest advance since April, with the MSCI World index up 2%.
Shares recover in volatile week for dollar, crypto published : 22 May 2021 at 04:00 Recap: Global shares rose yesterday amid optimism fed by strong US economic and earnings reports, while Covid restrictions receded in some countries. The upturn capped a volatile week in which worries about inflation and an early US interest-rate hike pushed the dollar near a three-month low, the cryptocurrency market tanked while gold and silver shone as safe-haven assets. The SET index moved in a range of 1,529.69 and 1,570.37 points this week before closing yesterday at 1,552.44...
Recap: Global and emerging markets gained on Friday after the Federal Reserve confirmed it would not raise interest rates until it sees inflation above its target for a certain time. Shares had slumped earlier on fears of tightening monetary policy after the US in April recorded its highest growth in inflation in nearly 12 years.