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MSCI’s benchmark, the S&P 500 and a key European index surged to record highs after the U.S. Labor Department said the consumer price index in the 12 months ended in May accelerated 5.0%, the biggest year-on-year increase since August 2008. In a sign of market complacency, the 10-year U.S. Treasury note’s yield fell 1.2 basis points to 1.4772% after earlier rising above 1.5% following the data’s release. On Wall Street, the Dow Jones Industrial Average rose 0.35%, the S&P 500 gained 0.45% and the Nasdaq Composite added 0.49%. A surprisingly strong U.S. inflation print in April spooked investors, sparking a cautious run into Thursday’s of May data. Short positions in Treasuries were the highest since 2018, according to JP Morgan positioning data last week.
Persons: Subadra Rajappa, ” Rajappa, Joseph LaVorgna, ” LaVorgna, , , MSCI’s Organizations: U.S . Labor Department, Treasury, Societe Generale, Americas, Dow Jones, Nasdaq, European Central Bank, Morgan Locations: New York, Natixis, U.S, Treasuries
Stocks rally, yields drop as U.S. CPI data calms investors
  + stars: | 2021-06-10 | by ( Herbert Lash | ) www.reuters.com + 0.00   time to read: +4 min
The report was largely in line with expectations, said Subadra Rajappa, head Of U.S. rates strategy at Societe Generale in New York. “The (equity) market is going to ignore the data. MSCI’s all-country world index rose 0.45% to 718.81, nudging past its previous record set Tuesday. In the United States, data showed people filing new claims for unemployment benefits fell last week to the lowest level in nearly 15 months. The dollar index fell 0.071%, with the euro down 0.07% to $1.217.
Persons: Toby Melville, Subadra Rajappa, ” Rajappa, Joseph LaVorgna, ” LaVorgna, , MSCI’s, Thomas Hayes, ” Hayes, , Brent Organizations: YORK, Global, London Stock Exchange Group, City of, REUTERS, U.S . Labor Department, Societe Generale, Treasury, Americas, European Central Bank, Dow Jones, Nasdaq, Great, Great Hill Capital, ECB, U.S, West Texas Locations: City, City of London, Britain, New York, Natixis, Great Hill, United States
GLOBAL MARKETS-Stocks hover near highs as bond yields dip
  + stars: | 2021-06-09 | by ( Herbert Lash | Tom Arnold | ) www.reuters.com + 0.00   time to read: +5 min
The yield on benchmark 10-year U.S. Treasury notes fell 3.2 basis points to 1.4958%, down from 1.528% late on Tuesday. Yields plunged as traders in part were forced to unwind short positions in Treasuries, said Joe LaVorgna, chief economist of the Americas at Natixis. MSCI’s all-country world index, a U.S.-centric benchmark for global equity markets, rose 0.01% to 717.04, down a little more than 1 point from a record peak on Tuesday. “I therefore see potential for a higher print to push real yields and shorter-dated yields higher, thus flattening the curve and boosting the dollar,” Athey said. The dollar held at the lower end of recent gains, with the U.S. dollar index down slightly at 90.031.
Persons: Joe, Sebastien Galy, Joe LaVorgna, , Biden, ” LaVorgna, MSCI’s, , Naokazu Koshimizu, James Athey, ” Athey Organizations: Democratic, Nordea Asset Management, Treasury, Dow Jones, Nasdaq, European Central Bank, Britain’s FTSE, Nikkei, Nomura Securities, Federal Reserve, Aberdeen Standard Investments, U.S, Deutsche, Brent Locations: U.S, Treasuries, Natixis, Europe, Asia, Pacific, Japan, China, Beijing
Stocks hover near highs as bond yields dip
  + stars: | 2021-06-09 | by ( Herbert Lash | Tom Arnold | ) www.reuters.com + 0.00   time to read: +4 min
NEW YORK/LONDON (Reuters) - World stocks hovered near record highs and U.S. bond yields fell on Wednesday as some of U.S. President Joe Biden’s stimulus efforts appeared to be on the rocks, boosting the appeal of technology stocks as inflation pressures ease. The yield on benchmark 10-year U.S. Treasury notes fell 3.7 basis points to 1.4908%, down from 1.528% late on Tuesday. MSCI’s all-country world index, a U.S.-centric benchmark for global equity markets, fell 0.06% to 716.53, down a little more than 1 point from a record peak on Tuesday. The pan-regional STOXX Europe 600 index rose 0.1% to a new record close, but shy of all-time peak on Tuesday. CURRENCIES STEADYInflation data from China showed its producer price index jumped 9.0% from a year earlier, the highest in over 12 years, on surging commodity prices.
Persons: Joe, Brendan McDermid, Elizabeth MacDonough, Sebastien Galy, Joe LaVorgna, , Biden, ” LaVorgna, MSCI’s, Dennis Dick, ” Dick, Britain’s, IAG Organizations: New York Stock Exchange, REUTERS, Senate, Democratic, Nordea Asset Management, Treasury, Dow Jones, Nasdaq, Bright Trading, Apple, GameStop, European Central Bank, Britain’s FTSE, Air France KLM, Lufthansa, British Airways, U.S . Centers for Disease Control, Prevention, Nikkei, Thursday’s, U.S, Deutsche, Brent Locations: U.S, New York City, Treasuries, Natixis, Europe, Asia, Pacific, Japan, Thursday’s U.S, China, Beijing
The 10-year U.S. Treasury note rose 0.1 basis points to yield 1.5704%, at the bottom of a two-month range. Germany’s 10-year Bund yield was last up 0.2 basis points at -0.195, near one-month lows hit after Friday’s U.S. unemployment report. MSCI’s all-country world equity index rose 0.09% to 716.94. The benchmark for global equity markets is heavily weighted to the U.S. tech behemoths, half of which rose and the others fell. The European automobiles and parts index rose 0.9% to reach its highest since March 2015, extending a 5.3% rally from last week.
Persons: Brent, Christopher Smart, Smart, Joe Biden, Ed Moya, “ We’re, ” Moya, , MSCI’s Organizations: Organization of, Petroleum, U.S . Treasury, European Central Bank, Treasury, European, Microsoft Corp, Facebook, Apple Inc, Dow Jones, Nasdaq, London Metal Exchange, ECB, West Texas Intermediate, Brent, Nikkei, Electronics Locations: United States, European Union, New York, Europe, China, U.S, Asia, Pacific, Japan, Taiwan
RPT-COLUMN-Rich epiphany or virtue rewarded? :Mike Dolan
  + stars: | 2021-06-04 | by ( Mike Dolan | ) www.reuters.com + 0.00   time to read: +5 min
A narrow majority of women polled plan to give more to charity versus only 42% of men. “These sorts of investments just did better in the selloff we saw last year,” he said. And that’s hardly a sudden realisation - the trend being well under way before the pandemic and merely catalysed by it if anything. So much so that Bank of America’s latest monthly funds survey already has ESG investment as the 3rd most crowded trade. The Jefferies report reckoned ESG scoring will soon just be the industry standard and fully integrated into all capital markets by 2024.
Persons: , Cynics, rick, Pascal Blanque, Willem Sels, we’ve, Jefferies, what’s, ESG Organizations: Reuters, LONDON, UBS Global Wealth Management, UBS, ” UBS, HSBC’s Global, Private Banking, Wealth Management, America’s, United Nations, Investment Locations: Wall St, MSCI’s
COLUMN-Rich epiphany or virtue rewarded? :Mike Dolan
  + stars: | 2021-06-03 | by ( Mike Dolan | ) www.reuters.com + 0.00   time to read: +5 min
A narrow majority of women polled plan to give more to charity versus only 42% of men. “These sorts of investments just did better in the selloff we saw last year,” he said. And that’s hardly a sudden realisation - the trend being well under way before the pandemic and merely catalysed by it if anything. So much so that Bank of America’s latest monthly funds survey already has ESG investment as the 3rd most crowded trade. The Jefferies report reckoned ESG scoring will soon just be the industry standard and fully integrated into all capital markets by 2024.
Persons: , Cynics, rick, Pascal Blanque, Willem Sels, we’ve, Jefferies, what’s, ESG Organizations: Reuters, LONDON, UBS Global Wealth Management, UBS, ” UBS, HSBC’s Global, Private Banking, Wealth Management, America’s, United Nations, Investment Locations: Wall St, MSCI’s
Upgrades of Asian corporate earnings at highest in five months - Refinitiv data
  + stars: | 2021-05-10 | by ( Gaurav Dogra | ) www.reuters.com sentiment -0.99   time to read: +2 min
(Reuters) - Analysts in April hiked 12-month earnings estimates for Asian companies by the largest amount in five months, data showed, as manufacturing activity and demand for the region’s exports rose. FILE PHOTO: A truck drives between shipping containers at a container terminal at Incheon port in Incheon, South Korea, May 26, 2016.REUTERS/Kim Hong-JiAnalysts lifted forward 12-month earnings by 3.2% in April, the highest since December, according to Refinitiv data. “Stronger consumption and investment demand in the developed economies have boosted commodity prices and the revenues of the North Asian exporters,” Raychaudhuri said. Taiwan and South Korea saw earnings upgrades of 8.6% and 6.9% respectively in the past month, while Australia and China saw upgrades of 4.3% and 1.4%. MSCI’s Asia-Pacific index gained 1.4% in April, but the forward 12-month price to earnings ratio dropped to a six-month low of 16.51 at the end of April, reflecting the rise in earnings estimates.
Persons: Kim Hong, Manishi Raychaudhuri, ” Raychaudhuri, , Alicia Garcia Herrero Organizations: Reuters, REUTERS, Ji, BNP, Natixis Locations: Incheon, South Korea, Taiwan, Vietnam, Asia, Pacific, Australia, China, India, Indonesia, Philippine, MSCI’s Asia, United States
Stocks sink as investors await earnings, U.S. data
  + stars: | 2021-04-12 | by ( Ritvik Carvalho | ) www.reuters.com + 0.00   time to read: +4 min
REUTERS/Toby MelvilleMSCI’s All Country World Index, which tracks stocks across 49 countries, was down 0.25% after the start of European trading, off Friday’s record high. European shares eased off record highs as investors held off from making big bets before earnings season. Britain’s domestically focused FTSE mid 250 index slipped 0.6%, but held below a record high as shops, pubs, gyms and hairdressers re-opened after three months of lockdown. The UK’s more export-oriented FTSE 100 fell 0.9%, Germany’s DAX slipped 0.1% and France’s CAC 40 fell 0.2%. Growth and tech stocks saw something of a revival last week as U.S. 10-year Treasury yields retreated to 1.65%, from a 14-month top of 1.776%.
Persons: Toby Melville MSCI’s, Germany’s DAX, Jerome Powell, , Mark Haefele, Goldman Sachs, Brent Organizations: London Stock Exchange Group, City of, REUTERS, CAC, MIB, BCA Research, Nikkei, U.S, Retail, Treasury, ISM Services, UBS Global Wealth Management, JPMorgan, Wells Locations: City, City of London, Britain, Asia, India, Brazil, China, U.S
Stocks gain, U.S. debts under pressure after bumper jobs data
  + stars: | 2021-04-05 | by ( Hideyuki Sano | ) www.reuters.com + 0.00   time to read: +3 min
REUTERS/Marco BelloU.S. S&P500 futures traded 0.5% higher, maintaining their gains made during a truncated session on Friday though tech-heavy Nasdaq futures lagged behind, trading almost flat. The U.S. labour department said on Friday that nonfarm payrolls surged by 916,000 jobs last month, the biggest gain since last August. Data for February was also revised higher to show 468,000 jobs created instead of the previously reported 379,000. Markets have strong doubts, with Fed funds futures fully priced in one rate hike by the end of next year. The strong jobs data helped to underpin the dollar.
Persons: Marco Bello, MSCI’s, nonfarm payrolls, , Koichi Fujishiro, Kozo Koide, Joe Biden’s Organizations: REUTERS, Marco Bello U.S, Nasdaq, Nikkei, Easter, Dai, Research, Fed, Asset Management, Treasury Locations: TOKYO, Miami , Florida, U.S, Asia, Pacific, Japan, China, Australia
Stocks gain after bumper U.S. jobs data, bonds smell Fed trouble
  + stars: | 2021-04-05 | by ( Hideyuki Sano | ) www.reuters.com + 0.00   time to read: +4 min
The U.S. labour department said on Friday that nonfarm payrolls surged by 916,000 jobs last month, the biggest gain since last August. Data for February was also revised higher to show 468,000 jobs created instead of the previously reported 379,000. Markets have strong doubts, with Fed funds futures fully priced in one rate hike by the end of next year. The strong jobs data helped to underpin the dollar. U.S. energy firms also added the most number of oil rigs in a week since January 2020 as higher oil prices in recent months have prompted drillers to return to the wellpad.
Persons: Marco Bello, MSCI’s, nonfarm payrolls, , Koichi Fujishiro, Kozo Koide, Joe Biden’s, Tatsufumi Okoshi, Brent Organizations: REUTERS, Marco Bello U.S, Nasdaq, Nikkei, Easter, Dai, Fed, Asset Management, Treasury, OPEC, Nomura, drillers Locations: TOKYO, Miami , Florida, U.S, Asia, Pacific, Japan, China, Australia, Europe, Saudi Arabia, .
MSCI’s all-country world index was almost flat but stood near its highest level since late February and within sight of a record high set that month. The U.S. labour department said on Friday that nonfarm payrolls surged by 916,000 jobs last month, the biggest gain since last August. Data for February was also revised higher to show 468,000 jobs created instead of the previously reported 379,000. “Markets are surely not convinced that the Fed can be that relaxed when we have very strong jobs data while the government is proposing another massive stimulus,” Sumitomo Mitsui’s Ichikawa said. The strong jobs data helped to underpin the dollar.
Persons: MSCI’s, nonfarm payrolls, , Masahiro Ichikawa, Sumitomo Mitsui’s Ichikawa, Bitcoin Organizations: Nikkei, Easter, Sumitomo Mitsui DS Asset Management, , Sumitomo, Treasury Locations: TOKYO, Asia, Pacific, Japan, China, Australia, U.S, Wednesday’s
TOKYO (Reuters) - Asian shares bounced back from a three-month low on Friday thanks to a late-day rally on Wall Street as optimism about the global economic recovery was overshadowed by rising tensions between the West and China. REUTERS/Kim Kyung-HoonMSCI’s ex-Japan Asia index rose 0.37% after hitting a near three-month low on Thursday, while the Shanghai Composite Index gained 0.78%, snapping a three-day losing streak. “Recent falls in Chinese shares have been worrying but there’s no change in the fact the Chinese economy is recovering,” said Yasutada Suzuki, head of emerging market investment at Sumitomo Mitsui Bank. On Thursday, Chinese shares fell near to a three-month low hit earlier in the month. Japan’s Nikkei rose 0.89% after Wall Street shares staged a rally, driven by cheap, cyclical stocks that have been battered by the pandemic.
Persons: Kim Kyung, Hoon MSCI’s, , Yasutada Suzuki, ” Suzuki, Joe Biden, Soichiro Matsumoto, James Athey, Brent Organizations: REUTERS, Sumitomo Mitsui Bank, European Union, Washington’s, Nikkei, Wall Street, Dow Jones, Nasdaq, Analysts, . Labor Department, Credit, Aberdeen Standard Investments Locations: TOKYO, West, China, Tokyo, Japan, Japan Asia, Shanghai, China’s Xinjiang, Beijing, U.S, Europe, London, Brazil, India, Suez
World shares rebound as investors weigh economy against diplomacy
  + stars: | 2021-03-25 | by ( Hideyuki Sano | ) www.reuters.com + 0.00   time to read: +4 min
TOKYO (Reuters) - Global shares bounced back on Friday, with Asian stocks recovering from a three-month low, as investors focused more on optimism about the global economic recovery than rising tensions between the West and China. REUTERS/Kim Kyung-HoonEuropean stocks look set to open higher, with Euro Stoxx futures rising 0.8% and Britain’s FTSE futures gaining 0.61%. MSCI’s ex-Japan Asia index rose 1.43% after hitting a near three-month low on Thursday, as the Shanghai Composite Index gained 1.53%, snapping a three-day losing streak. On Thursday, Chinese shares fell near a three-month low hit earlier in the month. Japan’s Nikkei rose 1.47% after Wall Street shares staged a rally, driven by cheap, cyclical stocks that have been battered by the pandemic.
Persons: Kim Kyung, MSCI’s, , Yasutada Suzuki, , Masanari Takada, Joe Biden, Soichiro Matsumoto, Brent Organizations: Global, REUTERS, European Union, Washington’s, Sumitomo Mitsui Bank, Japan’s Nikkei, Wall Street, Dow Jones, Nasdaq, Nomura Securities, . Labor Department, Credit Locations: TOKYO, West, China, Tokyo, Japan, Japan Asia, Shanghai, China’s Xinjiang, Beijing, U.S, Europe, Brazil, India, Suez
At her confirmation hearing on Tuesday, Yellen said the benefits of a big stimulus package to counter the coronavirus pandemic were greater than the expenses of a higher debt burden. Investors in European equities welcomed the comments, with the Euro STOXX 600 climbing 0.5%, gathering steam in morning trading. On Wall Street, Nasdaq futures gained 0.8%, as Netflix jumped 12% after the close on strong growth in subscribers and projections it will no longer need to raise debt. DEFENSIVE DOLLARThe dollar slipped for a third straight session after Yellen’s comments, losing ground from a one-month high. International benchmark Brent futures rose 0.5% to $56.37 per barrel.
Persons: Janet Yellen, Yellen, Hang Seng, Joe Biden, , Shaniel Ramjee, Biden, , Ebrahim Rahbari, Giuseppe Conte, Conte Organizations: Treasury, MSCI’s, U.S, Pictet Asset Management, U.S . Treasury, Nasdaq, Netflix, Capitol, Brent Locations: Japan Asia, Frankfurt, Paris, London, Asia, MSCI’s Asia, Japan, U.S
At her confirmation hearing on Tuesday, she said the benefits of a big stimulus package are greater than the expenses of a higher debt burden. “There will be a large-scale fiscal spending. Hong Kong’s Hang Seng rose 1.0% to edge near its 2019 peak while Australian shares added 0.4%, reaching a record high . U.S. crude futures inched up 0.3% to $53.15 a barrel while international benchmark Brent futures rose 0.3% to $56.09 per barrel. “The ongoing economic recovery, near-term headwinds relating to the virus aside, will be further supported by increased fiscal spending,” said Brendan Mulhern, strategist for the BNY Mellon Global Real Return Strategy at Newton Investment Management.
Persons: Janet Yellen, Joe Biden, , Yoshinori Shigemi, Donald Trump, Biden, Yasutada Suzuki, Brendan Mulhern, Organizations: Japan Asia, Nasdaq, Netflix, U.S, Treasury, Fidelity International, MSCI’s, Japan’s Nikkei, Capitol, Sumitomo Mitsui Bank, Brent, BNY Mellon, Newton Investment Management Locations: TOKYO, MSCI’s Asia, Japan, U.S, .
The buoyant mood mirrored that in Asia, where MSCI’s Asia-Pacific index outside Japan rose 1% to its highest ever. The U.S. death toll last week topped 23,000, setting a new record for the third week in a row. The dollar index rose 0.04%, with the euro down 0.17% to $1.2107. Positioning data showed investors are overwhelmingly short on the dollar, betting budget and current account deficits will weigh on the greenback. Oil prices rose on hopes that Biden’s proposed stimulus will lift economic output.
Persons: Biden, Kim Kyung, Joe Biden, Janet Yellen, Hang Seng, , , Shaniel Ramjee, Giuseppe Conte, Conte, Brent Organizations: YORK, Nikkei, REUTERS, Hoon U.S, Treasury, MSCI’s, Pictet Asset Management, U.S . Treasury, Dow Jones, Nasdaq Locations: Tokyo, Japan, U.S, Asia, MSCI’s Asia, United States, China
LONDON/TOKYO (Reuters) - World shares gained on Wednesday on expectations of hefty U.S. spending after U.S. Treasury Secretary nominee Janet Yellen urged lawmakers to “act big” to save the economy and worry about debt later. Indexes in Frankfurt and Paris were both up a similar amount, though London shares were flat. The buoyant mood mirrored that in Asia, where MSCI’s Asia-Pacific index outside Japan rose 0.8% to its highest ever. On Wall Street, Nasdaq futures gained 0.6%, as Netflix jumped 12% after the close on strong growth in subscribers and projections it will no longer need to raise debt. International benchmark Brent futures rose 0.7% to $56.31 per barrel.
Persons: Janet Yellen, Kim Kyung, Hoon, Yellen, Hang Seng, Joe Biden, , Shaniel Ramjee, Biden, Giuseppe Conte, Conte, Brendan Mulhern Organizations: Treasury, Nikkei, REUTERS, MSCI’s, U.S, Pictet Asset Management, U.S . Treasury, Nasdaq, Netflix, Capitol, Brent, BNY Mellon, Newton Investment Management Locations: TOKYO, Tokyo, Japan, Frankfurt, Paris, London, Asia, MSCI’s Asia
Stocks welcome Yellen's call to 'act big' on coronavirus spending
  + stars: | 2021-01-19 | by ( Tom Wilson | ) www.reuters.com + 0.00   time to read: +4 min
LONDON (Reuters) - World shares gained on Wednesday on bets of hefty U.S. spending after U.S. Treasury Secretary nominee Janet Yellen urged lawmakers to “act big” to save the economy and worry about debt later. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. Indexes in Frankfurt and Paris were up 0.5% and 0.2% respectively, though London shares were flat. On Wall Street, Nasdaq futures gained 0.8%, as Netflix jumped 12% after the close on strong growth in subscribers and projections it will no longer need to raise debt. International benchmark Brent futures rose 0.5% to $56.37 per barrel.
Persons: Janet Yellen, Toby Melville, Yellen, Hang Seng, Joe Biden, , Shaniel Ramjee, Biden, , Ebrahim Rahbari, Giuseppe Conte, Conte Organizations: Treasury, London Stock Exchange Group, City of, REUTERS, MSCI’s, U.S, Pictet Asset Management, U.S . Treasury, Nasdaq, Netflix, Capitol, Brent Locations: City, City of London, Britain, Frankfurt, Paris, London, Asia, MSCI’s Asia, Japan, U.S
Equities and oil jump, bonds dip as Biden takes office
  + stars: | 2021-01-19 | by ( David Randall | ) www.reuters.com + 0.00   time to read: +3 min
FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. The buoyant mood mirrored that in Asia, where MSCI’s Asia-Pacific index outside Japan rose 1% to its highest ever. The jump in risk assets came as the United States officially passed 400,000 deaths from the coronavirus since the pandemic began. The U.S. death toll last week topped 23,000, setting a new record for the third week in a row. Oil prices rose on hopes that Biden’s proposed stimulus will lift economic output.
Persons: Toby Melville, Janet Yellen, Hang Seng, Joe Biden, , Shaniel Ramjee, Giuseppe Conte, Conte, Brent Organizations: YORK, Treasury, Biden, London Stock Exchange Group, City of, REUTERS, MSCI’s, U.S, Pictet Asset Management, U.S . Treasury, Wall, Dow Jones, Nasdaq, Capitol Locations: U.S, China, United States, City, City of London, Britain, Asia, MSCI’s Asia, Japan
REUTERS/Carlo AllegriMSCI’s all-country world index was last trading in barely positive territory but was well off its record-high levels of the session. Stocks began to pare gains and the dollar drifted lower after Federal Reserve Chair Jerome Powell struck a dovish tone in comments at a virtual symposium with Princeton University. “We had a pretty good rally in the fourth quarter and a decent rally so far this year,” he said. The pan-European STOXX 600 index rose 0.72% and MSCI’s gauge of stocks across the globe gained 0.01%. The dollar index fell 0.071%, with the euro down 0.02% to $1.2154.
Persons: Joe Biden’s, Carlo Allegri MSCI’s, Biden, Stocks, Jerome Powell, Powell, Paul Nolte, , , ” Nolte, Bitcoin Organizations: YORK, Dow, Nasdaq, U.S, New York Stock Exchange, REUTERS, The New York Times, pare, Federal, Princeton University, Kingsview Investment Management, JPMorgan Chase, Dow Jones, Treasury, Brent Locations: Manhattan, New York City , New York, U.S, Chicago
Shares soar on hopes of global recovery, U.S. stimulus
  + stars: | 2021-01-08 | by ( Tom Arnold | Andrew Galbraith | ) www.reuters.com + 0.00   time to read: +5 min
Europe’s Euro STOXX 600 was up 0.6%, with Frankfurt’s index up 0.8% after German industrial output and exports rose in November. Investors were also awaiting U.S. non-farm payrolls data due later in the day to gauge the jobs market’s health. MSCI’s main emerging market index closed in on a record high for the first time since 2007. The dollar-denominated Nikkei share average rose above its 1989 peak to a record high. “We’re sure to see a synchronised global recovery in the second half of this year,” said ING analyst Carsten Brzeski.
Persons: Treasuries, Trump, , Francois Savary, Kospi, Russell, Hong, Joe Biden, Donald Trump, Carsten Brzeski, Cryptocurrency bitcoin, Brent Organizations: Global, Japan’s Nikkei, U.S, Democratic, Biden, Partners, , REUTERS, MSCI’s, Nikkei, Dow Jones, Nasdaq, Trump, U.S . Capitol, Saudi, . West Texas, U.S . Locations: SHANGHAI, United States, Swiss, Frankfurt, Germany, Asia, South, U.S, Hong Kong, Washington , DC, Europe
HONG KONG (Reuters) -Asian shares edged up on Thursday and were set to end a tumultuous 2020 at record highs, after growing investor hopes for a global economic recovery caused the dollar to fall further against most major currencies. FILE PHOTO: An investor sits next to a stock quotation board at a brokerage office in Beijing, China January 3, 2020. The Hong Kong benchmark rose 0.31%. Markets in Japan and South Korea are on holiday on Thursday, having closed at three-decade and record highs the day before. Oil prices bucked the risk-on trend, however, retreating a shade as swelling year-over-year supply led some traders to view any economic recovery ahead to be gradual rather than swift.
Persons: Jason Lee MSCI’s, , Kerry Craig, Craig, Gary Ng, Bitcoin, Brent Organizations: Reuters, REUTERS, Global Market, Morgan Asset Management, U.S, FTSE, Hong, U.S . West Texas Locations: HONG KONG, Beijing, China, Asia, Japan, Hong Kong, South Korea, U.S
BOSTON/WASHINGTON/SINGAPORE (Reuters) - MSCI Inc will cut seven Chinese firms from some of its global indexes, it said on Tuesday, the third major index publisher to do so following U.S. restrictions on owning the companies. FILE PHOTO: The MSCI logo is seen in this June 20, 2017 illustration photo. Companies to be deleted include SMIC, China Communications Construction Co. and Hangzhou Hikvision, though MSCI said it will launch new parallel indexes that retain the securities. MSCI said it decided to cut the companies after consulting customers following a ban on U.S. investors buying stocks that the U.S. Defense Department regards as backed by the Chinese military. The other stocks cut by MSCI are China Railway Construction Co, China Spacesat, CRRC Corp and Dawning Information Industry Co Ltd.
Persons: Thomas White, Dow, Trump, MSCI, Donald Trump, Hikvision, MSCI’s, , Tariq Dennison, John Ullyot, Trump’s Organizations: BOSTON, Dow Jones, Russell, Companies, China Communications Construction, Hangzhou Hikvision, U.S . Defense Department, Investors, GFM, Management, China Railway, Co, CRRC Corp, Industry Co, Reuters, House, Communist, People’s, Army, White, National Security Council, Locations: WASHINGTON, SINGAPORE, U.S, China, Hangzhou, Asia, United States, Hong Kong
TOKYO (Reuters) - Asian shares bounced back on Friday as progress on COVID-19 vaccines boosted investor sentiment, but tricky Brexit negotiations and U.S. stimulus talks capped gains in riskier assets. REUTERS/Issei KatoMSCI’s ex-Japan Asia-Pacific index rose 0.5%, on track for its sixth straight week of gains, while Japan’s Nikkei dropped 0.6%. U.S. authorities voted overwhelmingly to endorse emergency use of Pfizer’s coronavirus vaccine while doses of a COVID-19 vaccine made by China’s Sinovac Biotech SVA.O are rolling off a Brazilian production line. “With the Brexit deadline on Sunday, the market is curbed by the uncertainties from it,” said Takeo Kamai, head of execution services at CLSA. In the currency market, Brexit uncertainties overshadowed trading in sterling.
Persons: Issei Kato MSCI’s, Boris Johnson, , Takeo Kamai, Nancy Pelosi, Joseph Capurso, Brent Organizations: REUTERS, Japan’s Nikkei, China’s, Biotech, British, EU, Airbnb, U.S, DoorDash Inc, Dow Jones, Nasdaq, Commonwealth Bank of Australia, European Central Bank, ECB, West Texas Locations: TOKYO, Tokyo, Japan, Japan Asia, Britain, CLSA, U.S
Total: 25