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Asian shares were mostly lower Monday despite hopes for a gradual global recovery after the US stimulus package passed the Senate over the weekend.
Elon Musk set records last year for one of the fastest streaks of wealth accumulation in history. The reversal is underway, and it’s steep.
Since the market peaked a few weeks ago, retail traders have ploughed cash into U.S. stocks at a rate 40% higher than they did in 2020, which was a record year.
NEW YORK: Wall Street and a gauge of global equity markets rose on Friday as investors cheered signs of economic strength in a report that showed faster-than-expected U.S. jobs growth, data that initially stoked inflation concerns
LAST summer as the Faang block was tightening its strangle-hold on equities, a theory was hatched that the only thing that could ever halt the rally in megacap tech would be evidence the economy is healing.
Asian markets fell further on Friday after Federal Reserve boss Jerome Powell failed to soothe fears of a surge in inflation fuelled by the expected global economic recovery, which many warn could force the central bank to hike interest rates earlier than thought.
KUALA LUMPUR: Hong Leong Bank advanced in early Friday trade and underpinned the FBM KLCI’s slight gains but the overall breadth of the market was somewhat cautious, tracking the key Asian markets.
NEW YORK: Stronger economic data should push the benchmark 10-year U.S. Treasury yield up to 1.9% by the end of 2021, according to Goldman Sachs' latest forecast released on Thursday.
NEW YORK: Wall Street slumped on Thursday and global stock markets declined after U.S. Federal Reserve Chair Jerome Powell repeated his pledge to keep credit flowing until Americans are back to work, rebutting investors who have openly doubted he can stick to that promise once the pandemic passes.