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MONEYWEB app instead? Spot gold was little changed. By Andreea Papuc and Robert Brand, Bloomberg 24 May 2021 10:35 Image: Bloomberg US equity-index futures headed higher as investors wagered that the Federal Reserve will maintain monetary support in coming months as a rebound in the worldâs biggest economy stokes inflation fears. Contracts on the S&P 500 and Nasdaq 100 gauges pointed to gains after US stocks closed mixed on Friday. The dollar and Treasuries were steady. Bitcoin advanced above $35 000 following another weekend of big swings. The Stoxx Europe 600 struggled for traction while shares posted small gains in Japan, China and Australia but retreated in Hong Kong. ....
Asian markets mostly down as inflation trumps recovery optimism 169 HONG KONG, May 24, 2021 (BSS/AFP) – Asian markets mostly fell Monday as inflation concerns play off against optimism over the global economic recovery, while spiking infections in parts of the region are also keeping investors on their toes. Wall Street provided a tepid lead at the end of last week, though European equities were given a boost by upbeat eurozone economic data and progress in the bloc’s vaccination drive after a slow start. With expectations that the global recovery will pick up pace this year, the main focus is now on the impact that will have on prices, with observers warning a long period of high inflation will force central banks to wind back the ultra-loose monetary policies that have helped fire a long-running market rally. ....
May 25, 2021 HONG KONG (AFP) – Equity markets were mixed yesterday as inflation concerns played off against optimism over the global economic recovery, while spiking infections in parts of the region also kept investors on their toes. Wall Street provided a tepid lead at the end of last week, though European equities were given a boost by upbeat eurozone economic data and progress in the bloc’s vaccination drive after a slow start. With expectations that the global recovery will pick up pace this year, the main focus is now on the impact that will have on prices, with observers warning a long period of high inflation will force central banks to wind back the ultra-loose monetary policies that have helped fire a long-running market rally. ....