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Futures rise as focus turns to Fed's inflation stance
  + stars: | 2021-06-14 | by ( Medha Singh | ) www.reuters.com sentiment -0.97   time to read: +1 min
REUTERS/Carlo Allegri/File Photo(Reuters) - S&P 500 futures hit a record high on Monday as focus shifted to the Federal Reserve’s meeting this week, where the central bank is expected to maintain its accommodative stance on monetary policy. Recent data has indicated that the U.S. economy is regaining momentum but not overheating, taming worries about inflation and sending the S&P 500 to an all-time high. The benchmark has climbed 13% this year while the Dow and the Nasdaq have risen 12.6% and 9.2%, respectively. ET, Dow e-minis were up 13 points, or 0.04%, S&P 500 e-minis were up 3 points, or 0.07%, and Nasdaq 100 e-minis were up 34 points, or 0.24%. [O/R]United Airlines Holdings and American Airlines Group rose 0.7% each after Citigroup raised its price target on the stocks.
Persons: Carlo Allegri Organizations: New York Stock Exchange, REUTERS, Fed, Dow, Nasdaq, Dow e, Chevron, Marathon Oil Corp, Schlumberger, Occidental Petroleum, Marathon Petroleum Corp, United Airlines Holdings, American Airlines Group, Citigroup Locations: Manhattan, New York City , New York, U.S, , Wyoming
(Reuters) -The S&P 500 was set to open near a record high on Monday as focus shifted to the Federal Reserve’s meeting this week, where the central bank is expected to maintain its accommodative stance on monetary policy. REUTERS/Carlo Allegri/File PhotoRecent data has indicated that the U.S. economy is regaining momentum but not overheating, taming worries about inflation and sending the S&P 500 to an all-time high. While the Fed has reassured that any spike in inflation would be transitory, policymakers could begin discussing the tapering of bond buying at the Tuesday-Wednesday meeting. The benchmark has climbed 13% this year while the Dow and the Nasdaq have risen 12.6% and 9.2%, respectively. [O/R]United Airlines Holdings and American Airlines Group gained 0.4% and 0.7% respectively after Citigroup raised its price target on the stocks.
Persons: Carlo Allegri, , Thomas Hayes, , Steve Burns, Julio Rodriguez Organizations: Reuters, New York Stock Exchange, REUTERS, Fed, Dow, Nasdaq, Great, Great Hill Capital, , Dow E, Lordstown Motors Corp, Chevron, Marathon Oil Corp, Schlumberger, Occidental Petroleum, Marathon Petroleum Corp, United Airlines Holdings, American Airlines Group, Citigroup, COVID Locations: Manhattan, New York City , New York, U.S, , Wyoming, Great Hill, New York
Stocks Edge Lower After S&P 500 Hits Record
  + stars: | 2021-06-14 | by ( Anna Hirtenstein | ) www.wsj.com sentiment -0.97   time to read: +1 min
U.S. stocks wobbled Monday, pointing to the S&P 500 hovering near a fresh record after it ended last week at an all-time high. The S&P 500 edged 0.1% lower. The broad market gauge has climbed for three consecutive weeks. Stocks have ground higher amid an improving growth outlook in many developed countries and continued central bank support. Investors remain concerned that the Fed’s evolving views on inflation and the labor market could prompt the central bank to scale back easy-money policies sooner than previously expected.
Persons: ” Salman Baig, , Novavax Organizations: Nasdaq, Dow Jones, Federal Reserve, “ Stock Locations: Unigestion
U.S. Stock Futures Edge Higher to Start the Week
  + stars: | 2021-06-14 | by ( ) www.wsj.com sentiment -0.99   time to read: +1 min
U.S. stock futures edged up to start the week after the S&P 500 hit another record close and notched its third consecutive week of gains. Futures on the S&P 500 gained 0.1% and futures on the Dow Jones Industrial Average strengthened 0.1%. In Europe, the Stoxx Europe 600 climbed 0.6% in morning trade, and it is at its highest level in a year. Other stock indexes in Europe also mostly climbed as France’s CAC 40 added 0.6%, the U.K.’s FTSE 250 rose 0.5% and Germany’s DAX gained 0.6%. The yield on German 10-year bunds strengthened to minus 0.269% and the 10-year U.K. government debt known as gilts yield gained to 0.713%.
Persons: Germany’s DAX, bunds, Richard B, Levine, Dow Jones, 87990cbe856818d5eddac44c7b1cdeb8 Organizations: Dow Jones, ITV, , CAC, Swiss, U.S ., Brent, Treasury, Nikkei, Nasdaq, Press, Dow Jones & Company, Inc Locations: Europe, Asia, China, Taiwan, Australia
Here's a look at which decade the 2020s could resemble. Fast forward to the 2020s and the global economy is expected to grow 6% this year, a rate not seen since the 1970s. Bond investors need to be wary if inflation roars back, as do central banks which have not experienced inflationary pressures for decades. "Many people think we are in the 1930s but I think we will wake up somewhere in the 70s," said Amundi's Blanque. Agreement on a minimum global tax rate is evidence of a possible shift, although it is still early days.
Persons: Brendan McDermid, Pascal Blanque, Kiran Ganesh, Amundi's Blanque, Ronald Reagan, Margaret Thatcher, Erik Nielsen Organizations: Dow Jones, New York Stock Exchange, REUTERS, UBS Global Wealth Management, Oxfam, Thomson Locations: New York, U.S, America, Stocks, China, Japan, Italy, Asia
U.S. stock futures were flat Monday after the S&P 500 eked out another record close Friday. The S&P 500 rose 0.4% for the week, notching a three-week winning streak. The Nasdaq 's gain Friday put the tech-heavy index within 0.5% of its record close in late April. The Dow 's slight advance Friday inched the 30-stock average less than 1% closer to last month's record close. (CNBC)AstraZeneca's (AZN) Covid vaccine has a favorable risk/reward profile for all age groups and particularly for those 60 years and older, according to the head of the European Medicines Agency's Covid-19 task force.
Persons: Dow, Bitcoin, Elon Musk, Tesla, Steve Burns, Julio Rodriguez, Lordstown, Novavax, Marco Cavaleri, Boris Johnson, Joe Biden, Biden, Donald Trump, Vladimir Putin, Naftali Bennett, Benjamin Netanyahu, Netanyahu, Jeff Bezos, Mark, Ernie ’, Bert ’ Organizations: Nasdaq, Dow, CNBC, bitcoin, Lordstown Motors, Biotech, FDA, European Medicines, NATO, Sunday, Royal, Shell, Reuters, Washington, Nintendo, Microsoft, Ubisoft, Enix, Origin, Amazon, Shepard Locations: Mexico, India, Covid, Belgium, Brussels, China, Russia, United States, Europe, Geneva, Switzerland, Texas
S&P 500 opens near record high as focus shifts to Fed meet
  + stars: | 2021-06-14 | by ( ) www.reuters.com sentiment -1.00   time to read: 1 min
A Wall Street sign is pictured outside the New York Stock Exchange amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., April 16, 2021. REUTERS/Carlo Allegri/File PhotoThe S&P 500 opened near an all-time high on Monday as focus shifted to the Federal Reserve's meeting this week, where the central bank is expected to maintain its accommodative stance on monetary policy. The S&P 500 (.SPX) fell 0.9 points, or 0.02%, at the open to 4248.31​. The Dow Jones Industrial Average (.DJI) fell 7.1 points, or 0.02%, at the open to 34472.52, while the Nasdaq Composite (.IXIC) rose 14.0 points, or 0.10%, to 14083.467 at the opening bell. Our Standards: The Thomson Reuters Trust Principles.
Persons: Carlo Allegri Organizations: New York Stock Exchange, REUTERS, Dow Jones, Nasdaq, Thomson Locations: Manhattan, New York City , New York, U.S, 14083.467
REUTERS/Carlo Allegri/File PhotoThe S&P 500 was set to open near a record high on Monday as focus shifted to the Federal Reserve’s meeting this week, where the central bank is expected to maintain its accommodative stance on monetary policy. Recent data has indicated that the U.S. economy is regaining momentum but not overheating, taming worries about inflation and sending the S&P 500 (.SPX) to an all-time high. While the Fed has reassured that any spike in inflation would be transitory, policymakers could begin discussing the tapering of bond buying at the Tuesday-Wednesday meeting. The benchmark has climbed 13% this year while the Dow (.DJI) and the Nasdaq (.IXIC) have risen 12.6% and 9.2%, respectively. At 08:24 a.m. EDT, Dow E-minis were down 8 points, or 0.02%, S&P 500 E-minis were up 3 points, or 0.07% and Nasdaq 100 E-minis were up 42.75 points, or 0.31%.
Persons: Carlo Allegri, Thomas Hayes, Steve Burns, Julio Rodriguez Organizations: New York Stock Exchange, REUTERS, Fed, Dow, Nasdaq, Great, Great Hill Capital, Dow E, Lordstown Motors Corp, Chevron, Marathon Oil Corp, Schlumberger, Occidental Petroleum, Marathon Petroleum Corp, United Airlines Holdings, American Airlines Group, Citigroup, COVID, Thomson Locations: Manhattan, New York City , New York, U.S, , Wyoming, Great Hill, New York
U.S. stock futures are flat with the S&P 500 at a record high
  + stars: | 2021-06-13 | by ( Maggie Fitzgerald | ) www.cnbc.com + 0.00   time to read: +3 min
U.S. stock futures were steady in overnight trading on Sunday as investors digested the S&P 500's record level heading into a week with a key Federal Reserve meeting. S&P 500 futures rose 0.09% and Nasdaq 100 futures added 0.14%. U.S. stocks ended last week with a record closing high for the S&P 500 and the beginning of a rotation back into growth names. Last week, the 30-stock Dow Jones Industrial Average fell 0.8%, but the S&P 500 rose 0.4%, for its third straight positive week. "Because the S&P 500 Index reached yet another new record high last week, investors will be watching to see if this signals even higher levels near term," said Paulsen.
Persons: Jerome Powell, Jim Paulsen, Paulsen, Elon Musk, Bitcoin, CNBC's Patti Domm Organizations: New York Stock Exchange, Reserve, Dow, Nasdaq, telltale, Leuthold, CNBC, Dow Jones, Treasury, Metrics, AMC Entertainment, Clover Health Investments, GameStop, CNBC Pro
US STOCKS-S&P ekes out gains to close languid week
  + stars: | 2021-06-11 | by ( Stephen Culp | ) www.reuters.com + 0.00   time to read: +3 min
(For a live blog on the U.S. stock market, click or type LIVE/ in a news window.) Economically sensitive smallcaps and transports notched solid gains, outperforming the broader market. For the week, the S&P and the Nasdaq advanced from last Friday’s close, while the Dow posted a weekly loss. Much of the focus centered on Thursday’s consumer price data, which eased jitters over the duration of the current inflation wave. Among the 11 major sectors in the S&P 500, healthcare suffered the biggest percentage drop.
Persons: Dow, ” Oliver Pursche, ” Pursche, Stephen Culp, Ambar Warrick, Devik, Matthew Lewis, Cynthia Osterman Organizations: U.S . Federal Reserve, Nasdaq, Wealthspire Advisors, Federal Reserve, University of Michigan’s, Benchmark U.S, Treasury, Drug Administration, Dow Jones, AMC Entertainment Locations: New York, Bengaluru
The pan-regional STOXX Europe 600 index rose 0.7% to a record close, posting its sixth straight session of gains and best weekly performance at 1.1% since early May. “There is a concern that eventually you could get some migration out of stocks into bonds,” Meckler said. Benchmark German 10-year bonds fell 3 basis points to -0.28% and were set for their best week of the year. The dollar index rose 0.54%, with the euro fell 0.55% to $1.2102. Oil prices rose to multi-year highs, heading for a third straight week of gains on the improved outlook for worldwide demand as rising vaccination rates lead to a lifting of pandemic curbs.
Persons: “ You’ve, , Michael James, Rick Meckler, ” Meckler, , Jeremy Gatto Organizations: European Central Bank, Federal Reserve, Wedbush Securities, Cherry Lane Investments, Dow Jones, Nasdaq, Japan, Treasury, Brent Locations: Europe, breakeven, Los Angeles, New Vernon , New Jersey, Asia, Pacific, coronavirus, Unigestion
US STOCKS SNAPSHOT-Wall Street opens slightly higher as inflation fears ebb
  + stars: | 2021-06-11 | by ( Reuters Staff | ) www.reuters.com sentiment -0.92   time to read: 1 min
June 11 (Reuters) - U.S. stocks opened slightly higher on Friday as inflation data calmed concerns over a possible long-term spike in consumer prices, while investors looked to next week’s Federal Reserve meeting for more cues on monetary policy. The Dow Jones Industrial Average rose 33.57 points, or 0.10%, at the open to 34,499.81. The S&P 500 opened higher by 3.72 points, or 0.09%, at 4,242.90, and the Nasdaq Composite gained 10.52 points, or 0.08%, to 14,030.85 at the opening bell. (Reporting by Ambar Warrick in Bengaluru; Editing by Maju Samuel)
Persons: Ambar Warrick, Maju Samuel Organizations: Dow Jones, Nasdaq Locations: Bengaluru
S&P 500 Pares Gains, Aims for Fresh Record
  + stars: | 2021-06-11 | by ( Caitlin Ostroff | ) www.wsj.com sentiment -1.00   time to read: +1 min
The S&P 500 hugged the flatline Friday but remained on track to notch its third consecutive week of gains. The broad stock-market gauge pared its early advance and slipped less than 0.1% in recent trading, a day after closing at a high. The S&P 500 and Nasdaq are on course for modest weekly gains, while the Dow is poised for a slight loss. The Cboe Volatility Index fell to 15.51 in recent trading, on track to close below 16 for the first time since February 2020, before the coronavirus pandemic rattled markets. Money managers are also weighing whether the rise in inflation is likely to be transitory.
Persons: Biden Organizations: Dow Jones Industrial, Nasdaq, Dow
Wall Street ekes out gains to close languid week
  + stars: | 2021-06-11 | by ( Stephen Culp | ) www.reuters.com + 0.00   time to read: +3 min
The Nasdaq gained the most among the three major indexes, while the bellwether S&P 500 squeaked its way to a second straight record closing high. For the week, the S&P and the Nasdaq advanced from last Friday’s close, while the Dow posted a small weekly loss. FILE PHOTO: The Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. Among the 11 major sectors in the S&P 500, rebounding financial stocks and tech led the gainers, while healthcare suffered the biggest percentage drop. The S&P 500 posted 33 new 52-week highs and one new low; the Nasdaq Composite recorded 108 new highs and 16 new lows.
Persons: Dow, ” Oliver Pursche, ” Pursche, Brendan McDermid Organizations: YORK, U.S . Federal Reserve, Nasdaq, Wealthspire Advisors, Federal Reserve, University of Michigan’s, New York Stock Exchange, REUTERS, Brendan McDermid Benchmark U.S, Treasury, Drug Administration, Dow Jones, AMC Entertainment, NYSE Locations: New York, New York City, U.S
Futures tick higher as inflation fears fade
  + stars: | 2021-06-11 | by ( Ambar Warrick | ) www.reuters.com sentiment -0.99   time to read: +1 min
The Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. read moreMuch of the price surge in May came from items such as commodities and airfares, and it is expected to be temporary. S&P 500 E-minis were up 7.25 points, or 0.17 at 06:36 a.m. Dow E-minis were up 77 points, or 0.22%, while Nasdaq 100 E-minis were up 30.25 points, or 0.22%. Stocks favored by small-time investors were set to close higher for the week, even as a rally appeared to be running out of steam on Thursday.
Persons: Brendan McDermid, Dow Jones, Joe Biden's, Stocks Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Thomson Locations: New York City, U.S
The Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. With recent data also indicating weakness in the labor market, the Fed is widely expected to maintain accommodative policy, which is positive for stocks and other risk-driven assets. "The commentary will be that they're still focusing on the last two employment reports, which were much weaker than anticipated. "This meeting coming up plus the meeting in late July will probably result in no policy changes, or even contemplation of policy changes." U.S. S&P 500 E-minis were up 5.75 points, or 0.14%, at 08:02 a.m. EDT.
Persons: Brendan McDermid, Sam Stovall, Dow Jones, Joe Biden's, Stocks Organizations: New York Stock Exchange, REUTERS, Research, Dow, Nasdaq, Royal Caribbean Group, Thomson Locations: New York City, U.S, New York, premarket
The Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermidU.S. stock indexes rose slightly on Friday on gains in technology and growth-exposed sectors after inflation data calmed fears over imminent policy tightening by the Federal Reserve. The S&P 500 (.SPX)traded just below a record high of 4,249.74, with heavyweight technology stocks serving as the largest boost. Investors scaled back expectations for early policy tightening by the Fed after May's consumer price data suggested a recent spike in inflation would be transitory. Most of the so-called "meme" stocks rose on Friday.
Persons: Brendan McDermid, Sam Stovall, Dow Jones, Joe Biden's, Stocks Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Fed, Research, Dow Jones, Nasdaq, Dow, Cruise, Royal Caribbean Group, NYSE, Thomson Locations: New York City, U.S, New York
Wall Street flat with Fed meet in focus
  + stars: | 2021-06-11 | by ( Devik Jain Ambar Warrick | Devik Jain | Ambar Warrick | ) www.reuters.com + 0.00   time to read: +3 min
The Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. The S&P 500 (.SPX)traded just below a record high of 4,249.74, with heavyweight technology stocks serving as the largest boost. Sectors such as financials and basic resources, that stand to benefit from an economic bounceback this year, also supported the index. Investors scaled back expectations for early policy tightening by the Fed after May's consumer price data suggested a recent spike in inflation would be transitory. The S&P industrials (.SPLRCI) sector was flat on Friday, and was set to lose for the week.
Persons: Brendan McDermid, Hogan, Peter Cardillo, Cardillo, Dow Jones, Joe Biden's, Stocks Organizations: New York Stock Exchange, REUTERS, Reserve, National Securities, Fed, Spartan Capital Securities, Dow Jones, Nasdaq, U.S . Food, Biogen Inc, Dow, Cruise, Royal Caribbean Group, NYSE, Thomson Locations: New York City, U.S, New York
How ESG Stocks Perform Depends on Who Ranks Them
  + stars: | 2021-06-11 | by ( Shane Shifflett | ) www.wsj.com + 0.00   time to read: +6 min
Depending on the time period and the provider, top-ranked ESG stocks either beat the market or lag behind it. Low-ranked stocks, which are generally deemed to pollute more and treat their workers less well, can outperform top-ranked ESG stocks, and the market overall. ESG scores measure multiple factors including financial situations, the risks posed by climate change and a company’s effort to mitigate them. Photo Illustration: Alex KuzoianLast year’s performance of stocks ranked high and low on ESG criteria varied from this year’s. Tech stocks, which tend to have higher ESG scores, surged last year as economic activity shifted online.
Persons: , laggards, Refinitiv, , Sustainalytics, Hendrik Garz, Alex Kuzoian, Stocks, Elena Philipova, Guido Giese, MSCI, Wells Fargo, Monica Billio, Shane Shifflett Organizations: Securities and Exchange, Journal, Refinitiv, London Stock Exchange, MSCI Inc, Morningstar Inc, Companies, Dow Jones, Sustainalytics, Tech, MSCI Research, Forum, Sustainable, Responsible Investment, Wells Fargo & Co, Foscari University of Venice Locations: U.S, Sustainalytics, MSCI, Refinitiv, Italy
Spotify Technology SA SPOT -1.43% is nearing a deal to bring top podcaster Alexandra Cooper and her show “Call Her Daddy” to its service, according to people familiar with the matter, in the latest exclusive podcast tie-up. Ms. Cooper and Spotify are discussing a licensing deal for around or over $20 million, according to some of the people. It was the fifth-most-popular podcast globally on Spotify last year, and in the top 15 across services, according to Edison Research. Spotify has been investing aggressively in podcasting since 2019, setting off a feeding frenzy among other media and tech companies. Spotify, which signed deals with Gimlet Media and Bill Simmons ’ the Ringer, now carries more than 2.6 million podcasts on its service, up from 450,000 in 2019.
Persons: Alexandra Cooper, , Cooper, , Dax Shepard’s, Joe Rogan, Kim Kardashian, Bill Simmons, Corp’s Dow, Dow Jones, 87990cbe856818d5eddac44c7b1cdeb8 Organizations: Spotify Technology, Spotify, Edison Research, Gimlet Media, Apple, Corp’s Dow Jones & Co, Street, Spotify’s Gimlet Media, Dow Jones & Company, Inc Locations: Swedish, U.S
Asia stocks up, U.S. bond yields down as inflation fears ease
  + stars: | 2021-06-11 | by ( Andrew Galbraith | ) www.reuters.com + 0.00   time to read: +4 min
SHANGHAI (Reuters) - U.S. bond yields dipped to three-month lows and a broad gauge of Asian shares rose on Friday as investors looked past rising U.S. consumer prices and focused on one off-factors which suggested higher inflation could be short-lived. Data overnight showed the U.S. consumer price index posted its biggest year-on-year increase since August 2008 at 5%, following a 4.2% rise in April. “But the Fed, which meets next week, can still point to no deviation of inflation expectations to back up its continued mantra of transitory inflation. The 10-year U.S. Treasury note’s yield dipped to a three-month low of 1.4340%, down from Thursday’s close of 1.459%. Hopes for stronger economic demand following the U.S. unemployment claims report lifted oil prices to two-year highs on Thursday.
Persons: Kim Kyung, DAX, , Rob Carnell, Seoul’s, Larry Hu Organizations: REUTERS, Federal, European Central Bank, . Labor Department, Japan’s Nikkei, ING, Macquarie, Dow Jones, Nasdaq, Treasury, Brent, U.S . West Texas Locations: SHANGHAI, Tokyo, Japan, U.S, Asia, Pacific, Singapore, China, Hong Kong, Thursday’s
Stocks hover near record highs as bond yields slide
  + stars: | 2021-06-11 | by ( Herbert Lash | Tom Wilson | ) www.reuters.com + 0.00   time to read: +3 min
The ECB’s projections pushed the pan-regional STOXX Europe 600 index up 0.68% to an intraday high and record close at 457.64. Investors are leaning into tech stocks because they don’t use raw materials and productivity rate is higher than other sectors, he said. “There is a concern that eventually you could get some migration out of stocks into bonds. But right now we seem to be at that pre-tipping point where bonds don’t yield enough to scare people out of stocks,” Meckler said. The dollar index rose 0.57%, with the euro down 0.61% to $1.2095.
Persons: Toby Melville, Rick Meckler, ” Meckler, , , Jeremy Gatto Organizations: London Stock Exchange Group, City of, REUTERS, European Central Bank, Cherry Lane Investments, Investors, Dow Jones, Nasdaq, Japan, Treasury, Brent Locations: City, City of London, Britain, Europe, breakeven, New Vernon , New Jersey, Asia, Pacific, coronavirus, Unigestion
Stocks set record highs as bond yields slide
  + stars: | 2021-06-11 | by ( Herbert Lash | Tom Wilson | ) www.reuters.com + 0.00   time to read: +5 min
The pan-regional STOXX Europe 600 index rose 0.7% to a record close, posting its sixth straight session of gains and best weekly performance at 1.1% since early May. “There is a concern that eventually you could get some migration out of stocks into bonds,” Meckler added. U.S. growth-oriented stocks slightly outpaced value stocks as the two styles vied for leadership: big tech stocks added the most upside followed by financial shares. Benchmark German 10-year bonds fell 3 basis points to -0.28% and were set for their best week of the year. The dollar index rose 0.49%, with the euro down 0.51% to $1.2107.
Persons: Brendan McDermid, “ You’ve, , Michael James, Rick Meckler, Meckler, Jack Ablin, ” Ablin, , Jeremy Gatto Organizations: New York Stock Exchange, REUTERS, European Central Bank, Federal Reserve, Treasury, Wedbush Securities, Cherry Lane Investments, Dow Jones, Nasdaq, Cresset Capital Management, Japan, Brent Locations: St, New York City, U.S, Europe, Stocks, breakeven, Los Angeles, New Vernon , New Jersey, Asia, Pacific, COVID, Unigestion
In morning trade in Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan ticked up 0.18%. “But the Fed, which meets next week, can still point to no deviation of inflation expectations to back up its continued mantra of transitory inflation. “Because of very strong external demand the negative impact from credit deceleration should be OK in the next three to six months, mainly thanks to the strong demand from the U.S.,” said Larry Hu, economist at Macquarie in Hong Kong. The spread between the 2-year and 10-year yield also hit its narrowest level since late February, as inflation expectations eased. Hopes for strong economic demand following the U.S. unemployment claims report lifted oil prices to two-year highs on Thursday.
Persons: , Rob Carnell, Seoul’s Kospi, Larry Hu Organizations: Nikkei, . Labor Department, Japan, Japan’s Nikkei, ING, Macquarie, Dow Jones, Nasdaq, Treasury, Brent, U.S . West Texas Locations: Asia, Japan, SHANGHAI, Pacific, Singapore, China, U.S, Hong Kong, Thursday’s
Q: My family is eager to take a beach vacation this summer but every hotel or vacation rental seems booked solid or at least $600 a night. A: This summer’s vacation choices may be infinitely better than last year when Covid surges and tightly sealed borders sharply reduced the getaway options. “We’re running into availability issues in the U.S. and there aren’t many deals out there,” said Lindsey Epperly Sulek, founder of Atlanta-based Epperly Travel. Ms. Epperly Sulek points to compression as the culprit—a combination of pent-up demand and less inventory since most travelers are still staying stateside. Pay close attention to the deadlines and document everything.”SHARE YOUR THOUGHTS What questions do you have for Deborah about summer travel?
Persons: , Lindsey Epperly Sulek, Epperly, Jill Taylor, you’ll, Gary Leff, Deborah, Dow Jones, 87990cbe856818d5eddac44c7b1cdeb8 Organizations: Atlanta, Dow Jones & Company, Inc Locations: U.S, Hawaii, California, Florida, Mexico, Dominican Republic, Jamaica, Northern Michigan, Chicago, Lake Michigan, Wisconsin, France
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