World stock markets ride earnings to a fresh record peak, dollar holds
Gulf Today|August 05, 2021
Strong corporate profits have eased concerns over the COVID-19 pandemic, as vaccine roll-outs continue apace in developed markets, despite a resurgence of cases in Asian countries
World stock markets ride earnings to a fresh record peak, dollar holds
Global shares rode earnings to a record high on Wednesday, while the dollar and Treasury yields languished in the wait for US employment data to provide clues to the pace of monetary tightening in the world’s biggest economy.

Strong corporate profits have eased concerns over the COVID-19 pandemic, as vaccine roll-outs continue apace in developed markets, despite a resurgence of cases in Asian countries including China.

While that has helped buoy equities, inflationary pressures and a growing belief the US Federal Reserve may soon signal its intention to trim support to the economy continue to cause a tussle with the bond market over the mid-term direction.

“Macro data is coming at high expansionary levels but currently all the market is seeing is peak data. It wants to know what’s going to be the glide path over the next 12 months. Those concerns are playing out in the bond market,” said Grace Peters, EMEA head of investment strategy at JP Morgan Private Bank.

“When it comes to the equity markets, you have more balance, as lower yields support equities, especially the growth part of the equity market. At the same time, there is strong bottom-up evidence that life is good for corporates.”

The MSCI World index, a broad gauge of equity markets, was last up 0.2%, tracking overnight gains in Asia, where the equivalent index, excluding Japan rose 1%.

Diese Geschichte stammt aus der August 05, 2021-Ausgabe von Gulf Today.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der August 05, 2021-Ausgabe von Gulf Today.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS GULF TODAYAlle anzeigen
Bayern's bid for 10th German League title boosted by rivals' disarray
Gulf Today

Bayern's bid for 10th German League title boosted by rivals' disarray

Bayern are cruising unbeaten at the top of the league table under new coach Nagelsmann and their challengers from last season are in disarray. They have won their last nine matches in all competitions and scored at least three goals in each game

time-read
3 Minuten  |
October 01, 2021
Pakistan Pavilion at Expo spotlights Balochistan
Gulf Today

Pakistan Pavilion at Expo spotlights Balochistan

Visitors will get to see the strides women in Pakistan have made and the importance of their development

time-read
3 Minuten  |
October 01, 2021
Defence cooperation between UAE, Pakistan grows stronger
Gulf Today

Defence cooperation between UAE, Pakistan grows stronger

Sheikh Mohamed and General Bajwa discussed relations of friendship and joint coordination between the two countries in defence and military affairs

time-read
3 Minuten  |
October 01, 2021
England's Buttler reiterates to pull out of Ashes tour if not allowed to meet family in Oz
Gulf Today

England's Buttler reiterates to pull out of Ashes tour if not allowed to meet family in Oz

But whether the wicketkeeper-batsman also features in the five-Test Ashes series is open to doubt amid questions over the severity of COVID-19 restrictions confronting Joe Root’s men in Australia

time-read
3 Minuten  |
October 01, 2021
Balmain celebrates ten years with designer at Paris Fashion Week
Gulf Today

Balmain celebrates ten years with designer at Paris Fashion Week

An emotional recorded message by Beyonce opened the evening show, paying tribute to the French designer who she said strove to put diversity at the heart of his fashion

time-read
2 Minuten  |
October 01, 2021
Brazil's Palmeiras Advance To Copa Libertadores Final Again
Gulf Today

Brazil's Palmeiras Advance To Copa Libertadores Final Again

BELO HORIZONTE: Defending champions Palmeiras booked their place in the final of the Copa Libertadores on Tuesday, securing a batling 1-1 against Brazilian rivals Atletico Mineiro to advance on away goals.

time-read
2 Minuten  |
September 30, 2021
Chennai Look To Tighten Grip On Top, Hyderabad To Play For Pride
Gulf Today

Chennai Look To Tighten Grip On Top, Hyderabad To Play For Pride

Chennai are siting at the top of the standings with 16 points, having won eight of their ten matches. They are in stupendous form and have been unbeaten in the UAE leg of the tournament. CSK have notched up three victories on the trot to maintain their stranglehold on the summit

time-read
3 Minuten  |
September 30, 2021
Britain Deploys Soldiers To Deliver Fuel, Says Official
Gulf Today

Britain Deploys Soldiers To Deliver Fuel, Says Official

Petrol stations’ union says only 27% reported being out of gasoline while taxi drivers say there appeared to be little signs of the situation improving

time-read
3 Minuten  |
September 30, 2021
Cabinet Ministers Of UAE Sworn In At Qasr Al Watan
Gulf Today

Cabinet Ministers Of UAE Sworn In At Qasr Al Watan

The ministers expressed their appreciation for the trust of the leaders of the UAE

time-read
3 Minuten  |
September 30, 2021
Expo 2020 Star-Studded Opening Ceremony Will Mesmerise World
Gulf Today

Expo 2020 Star-Studded Opening Ceremony Will Mesmerise World

Opening ceremony viewing parties will take place across the country

time-read
4 Minuten  |
September 30, 2021