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Stocks Rebound On Bargain-buying After Inflation-fuelled Rout

Stocks Rebound On Bargain-buying After Inflation-fuelled Rout
By
AFP News
on May 15 2021 12:46 AM
Bargain-buying Friday helped major markets recover some of this week s steep losses as investors took heart from a forecast-beating US jobless claims report, despite lingering inflation fears stalking trading floors.
Oil prices recovered after heavy losses a day earlier, while the dollar weakened following recent gains and bitcoin steadied close to $51,000 after a characteristic plunge earlier in the week.
Global equities have been convulsed for months by expectations that a blockbuster global recovery will send prices rocketing, forcing central banks particularly the Federal Reserve to taper the ultra-loose monetary policies that have helped drive a rally for more than a year. ....

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Stocks Rebound On Bargain-buying After Inflation-fueled Rout

Stocks Rebound On Bargain-buying After Inflation-fueled Rout
05/14/21 AT 6:38 PM
Bargain-buying Friday helped major markets bounce back from some of this week s steep losses as investors bet on the US economy s recovery, despite lingering inflation fears.
Oil prices recovered after heavy losses a day earlier to end the week in the black as equities rose, but the dollar lost ground following recent gains. Bitcoin finished below $50,000 after oscillating throughout the day.
Global stocks have been convulsed for months by expectations that a blockbuster global recovery will send prices rocketing, forcing central banks particularly the Federal Reserve to taper the ultra-loose monetary policies that have helped drive a rally for more than a year. ....

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