Some commodities have now wiped out all of their 2021 rally Fri, 18 Jun 2021 11:03:09 +0000
For all the talk of a commodities boom, some markets have now wiped out gains for the year and several more are close to doing so.
Wall Street investors shifted their patterns Thursday, buying technology giants and shunning financial and energy equities as long-term bond yields retreated.
Wall Street stocks hovered near the flat-line early Thursday as investors digested the Federal Reserve's latest policy statement and the unexpected rise in jobless claims last week.
Gold slumped below $1,800 an ounce as the Federal Reserve sped up its expected pace of policy tightening amid optimism about the labor market and heightened concerns over inflation.
Investors were surprised by what some saw as a hawkish pivot by the Fed, which gave its first signal of plans to dial back the stimulus that has spurred the recovery from the pandemic.
Oil traded above $71 a barrel as some of the most prominent voices in the market said they expect prices to continue to rise.
Wall Street stocks dipped early Tuesday following another troublesome inflation report just ahead of a two-day Federal Reserve meeting.
Resurgent technology shares led US stock indices to fresh records Monday, outperforming industrial names ahead of key economic releases and a Federal Reserve announcement later in the week.
Tokyo stocks closed higher on Tuesday as high-tech shares rallied following a record close on the Nasdaq, with investors focusing on the Fed meeting this week.
European stock markets rose solidly at the open Monday, with traders awaiting this week's Federal Reserve meeting for clues on the outlook for interest rates.
Asian markets mostly rose Monday during holiday-hit trade, with investors looking forward to the Federal Reserve's next meeting this week hoping for fresh clues about monetary policy in light of the US economy's blistering recovery.
Most Asian and European markets rose Friday following a record lead from Wall Street as traders bought into the Federal Reserve narrative that surging US inflation was only temporary and the central bank was likely to maintain its ultra-loose monetar
Oil reversed gains after the US lifted sanctions on a former Iranian oil official and two other Iranians involved in oil trading.
Wall Street stocks rose early Thursday, pushing the S&P 500 into record territory, as the market evinced little worry over data showing higher US inflation.
Wall Street stocks finished lower after another sluggish session Wednesday as markets look ahead to key consumer inflation data.
US securities regulators are examining ways to update trading rules, including how assets are priced, to ensure they keep up with current technology, the head of the Securities and Exchange Commission said Wednesday.
Stock markets largely steadied Wednesday on the eve of keenly-awaited US inflation data and a European Central Bank policy meeting as traders seek clues on the timing of higher interest rates that could hinder economic recovery.
Stock markets largely steadied Wednesday on the eve of keenly-awaited US inflation data and a European Central Bank policy meeting as traders seek clues on the timing of higher interest rates which could hinder economic recovery.
El Salvador’s President Nayib Bukele said the nation has adopted Bitcoin as legal tender, a step he believes will create jobs and promote financial inclusion.
Investors trod a cautious line Wednesday in Asia with focus firmly on the release of US inflation data later in the week, which could have a huge bearing on the Federal Reserve's plans for monetary policy, while the European Central Bank's latest mee