NEW YORK Stock indexes rose around the globe on Thursday, with the S&P 500 climbing more than 1% led by sharp gains in technology shares, while U.S. Treasury…
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LONDON (Reuters) - World stocks steadied on Friday after a volatile week, taking their lead from a stronger Wall Street as U.S. data tempered inflation fears, while the dollar approached three-month lows on reduced bets of early Federal Reserve rate hikes.
FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China April 16, 2018. REUTERS/Stringer
Inflation worries have spooked markets after recent data, and Fed minutes on Wednesday suggested a possible change in policy towards tapering bond purchases.
But on Thursday the Philadelphia Federal Reserve Bank said its business activity index fell to 31.5 in May from 50.2 in April, casting doubt on how fast the U.S. economy can continue to heat up.
Asian tech shares track Nasdaq gains as inflation fears recede European stocks looked set to rally at the open, with Euro Stoxx 50 futures up 0.4%
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Asian tech and growth stocks rallied on Friday, following Wall Street’s overnight lead, as investors tempered fears about hot inflation and the prospects of an early tapering of stimulus by the Federal Reserve.
Japan’s tech-heavy Nikkei and Taiwan’s stock index stood out in the region – where equities were broadly mixed – with gains of 0.8 per cent and 1.2 per cent respectively.
Chinese blue chips lost 0.8 per cent, however, weighed by financials and capping broader gains in the region.