Live Breaking News & Updates on Under Pressure Over Handling

by Tyler Durden
Friday, Apr 09, 2021 - 08:00 AM
US equity future struggled for direction after hitting an all time high of 4,102 as investors assessed economic growth prospects against renewed inflation concerns after Beijing reported that in March China experienced the fastest factory inflation since 2018, which weighed on Asian stocks, and dragged contracts on the duration-heavy Nasdaq 100 lower, despite Fed Chair Jerome Powell reiterating late on Thursday that inflation was not a worry. Emini futures were steady after the S&P 500 rose 0.42% to a record high on Thursday when the Nasdaq Composite added 1.03%. Treasury yields rose, as did the dollar, while oil was flat and the VIX dropped to its lowest level since Feb 2020 at 16.55. ....

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