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European Stock Fervor Seen Enduring

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks are expected to open strong on Wednesday amidst an anxious wait for policy hints from the U. S. Fed and slightly easing negative sentiment surrounding ....

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Asia ignores Non-Farm Payrolls

5/10/2021 4:41:28 AM GMT
Friday s gigantic Non-Farm Payrolls miss, payrolls rose by only 266,000 jobs, is quickly being dismissed as an anomaly. The signs were already there in New York, with US 10-year yields plunging to 1.45% before rising back to 1.57% at the close. Stock markets rallied while the US Dollar was pummelled. All very much global recovery behaviour with a dash of nagging inflation doubts.
Asian stock markets are off to a positive start today, but the commodity space is the real eye-opener. Shanghai Steel Rebar futures opened 10% higher and are now still 6.0% higher. Iron ore futures are 7.70% higher, while copper has gained 2.0%. So, while the US Non-Farm Payrolls post-mortems continue, as far as Asia is concerned, the global recovery is Thunderbirds Are Go. ....

New York , United States , Kuala Lumpur , United Kingdom , T Ai Pei , New Zealand , Krung Thep Mahanakhon , South Korea , Jakarta Raya , South Korean , Elon Musk , Korean Private Bank Lending , Dow Jones , Federal Reserve , Scottish National Party , Nonfarm Payrolls , Shanghai Steel Rebar , Farm Payrolls , Thunderbirds Are , British Pound , Saturday Night Live , Final March Retail Sales , Lucky Country , Construction Output , New Loan , Non Monetary Policy ,

Header image Asia ignores Nonfarm Payrolls

Header image Asia ignores Nonfarm Payrolls
Following
Friday s gigantic Non-Farm Payrolls miss, payrolls rose by only 266,000 jobs, is quickly being dismissed as an anomaly. The signs were already there in New York, with US 10-year yields plunging to 1.45% before rising back to 1.57% at the close. Stock markets rallied while the US Dollar was pummelled. All very much global recovery behaviour with a dash of nagging inflation doubts.
Asian stock markets are off to a positive start today, but the commodity space is the real eye-opener. Shanghai Steel Rebar futures opened 10% higher and are now still 6.0% higher. Iron ore futures are 7.70% higher, while copper has gained 2.0%. So, while the US Non-Farm Payrolls post-mortems continue, as far as Asia is concerned, the global recovery is Thunderbirds Are Go. ....

New York , United States , Kuala Lumpur , United Kingdom , T Ai Pei , New Zealand , Krung Thep Mahanakhon , South Korea , Jakarta Raya , South Korean , Elon Musk , Korean Private Bank Lending , Dow Jones , Federal Reserve , Scottish National Party , Nonfarm Payrolls , Shanghai Steel Rebar , Farm Payrolls , Thunderbirds Are , British Pound , Saturday Night Live , Final March Retail Sales , Lucky Country , Construction Output , New Loan , Non Monetary Policy ,