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US stocks rebound following rout, bond yields edge down NEW YORK/LONDON :U.S. shares rebounded on Thursday after falling for three consecutive days and benchmark Treasury yields edged lower as investors snapped up technology stocks and shrugged off worries over rising prices, for now.
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12 May 2021 08:50AM (Updated:
14 May 2021 12:30AM) Share this content
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NEW YORK/LONDON -U.S. shares rebounded on Thursday after falling for three consecutive days and benchmark Treasury yields edged lower as investors snapped up technology stocks and shrugged o
GLOBAL MARKETS-Inflation angst bruises world stocks
Investors dumped shares on Thursday after a bigger-than-expected rise in U.S. inflation spooked Wall Street and sent bond yields surging, with European stocks mirroring losses in Asia.
The Euro STOXX 600 fell 1.5%, with indexes in Germany and Britain both slumping 1.9% as investors worried the U.S. Federal Reserve might move early on tightening its ultra-loose monetary policy.
Basic resources and oil and gas sectors , among the recent top gainers on the back of a surge in commodity prices, fell over 2%.
“Inflation pressures are going to be rising, and they’re not going to be temporary,” said Jeremy Gatto, investment manager at Unigestion. “What does that mean? Effectively that rates will be rising.”