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(Reuters) -European stocks reached record highs on Monday as miners led gains after commodity prices surged and optimism about the reopening of economies and easy monetary policy lifted sectors that typically benefit from a recovery.
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 7, 2021. REUTERS/Staff
The pan-European STOXX 600 index rose 0.1%, ending at an all-time high, with miners rallying 2.3% to a 10-year-high.
London-listed miners, such as Rio Tinto, BHP Group and Glencore rose between 1.7% and 2.6%. China’s benchmark iron ore futures and steel futures hit all-time highs, and copper prices touched record highs on expectations of improved demand amid tightening supply. [MET/L] [IRONORE/]
ASX to drop, Wall St pulls back from record high
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Australian shares are set to drop at the open, taking their direction from Wall Street as all three major benchmarks ended lower to start their week amid renewed concerns about inflation.
ASX futures were down 52 points or 0.7 per cent to 7096 near 7am AEST. The currency slipped, hovering near US78.40¢. The yield on the US 10-year note rose 2 basis points to 1.60 per cent near 4.59pm in New York.
On Wall Street, shares were mostly lower with all three benchmarks closing down. The Dow turned negative late to finish down 35 points or 0.1 per cent.
European stocks hit new highs on Daimler profit taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.
Is visualisation the key to encouraging earlier retirement saving?
The behavioural science technique could adjust the short-term bias younger people naturally have with their finances
By Amanda Newman Smith 12
th April 2021 10:38 am
Visualisation techniques, used as a way of motivating yourself to achieve something, pop up in various contexts.
Sports professionals often visualise themselves rehearsing a skill or routine to prime their body for success. Visitors to health spas are taught to relax by visualising themselves in a beautiful summer garden.
In financial planning, visualisation enables clients to explore their financial goals. Imagining their future self at retirement, for example, can help them understand the kind of life they want and make it easier for advisers to help them achieve it. But can this approach be used to encourage young people to start saving earlier for retirement?
Kingswood U.S. Names Michael Nessim CEO Nessim, president of Kingswood U.S. and CEO of Kingswood s SPAC, takes over the CEO duties of Derek Bruton, who has stepped down.
Kingswood U.S. has named Michael Nessim, the firm’s president, its new CEO, replacing Derek Bruton, who said he was stepping down from the role last week. Kingswood spokesman Andrew Wang said Nessim will serve as both CEO and president on an ongoing basis.
Nessim has been with Kingswood U.S., a hybrid wealth management firm with over $2 billion in assets under management, since its early formation as the domestic arm of London-based Kingswood Group. He is also the CEO of Kingswood Acquisition Corp., a special purpose acquisition company, or SPAC, that will invest in registered investment advisors with over $1 billion or more in AUM. Nessim also continues to run Benchmark Investments, a young investment management firm he started in 2019.