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U S Stocks Snap Slide Before CPI; Crude Oil Jumps: Markets Wrap

U S Stocks Snap Slide Before CPI; Crude Oil Jumps: Markets Wrap
nationthailand.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationthailand.com Daily Mail and Mail on Sunday newspapers.

Futures Coiled Ahead Of Critical CPI Print

Futures Coiled Ahead Of Critical CPI Print
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Asian Stocks Fall on Growth Concerns, China Curbs: Markets Wrap

(Bloomberg) Asian stocks fell Friday as the fast-spreading delta virus strain stoked concerns about economic growth and China’s regulatory curbs sapped sentiment. The dollar was firm and commodities trimmed a weekly drop. MSCI Inc.’s Asia-Pacific gauge was at the lowest since December. Shares slid in China and Hong Kong Alibaba Group Holding Ltd. hit another record low as Beijing cracks down on private industry. The latest step against big tech is legislation setting out tougher rules for handling user data. State media also scrutinized liquor makers, online pharmacies and cosmetics firms. U.S. equity futures dipped after modest overnight S&P 500 and Nasdaq 100 gains during choppy trading. Treasuries held a climb and the dollar was around a nine-month high. Commodities stabilized but their recent slump is flashing a warning about the impact of Covid-19’s resurgence on the global recovery. The delta strain is stoking doubts about achieving herd immunity to underpin economic

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