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Dow Jones Gains, Nasdaq 100 Outperforms Amid Dovish Fedspeak. ASX 200 May Rise 2021-05-25 02:00:00 Daniel Dubrovsky, Strategist Dow Jones, Nasdaq 100, Fed, ASX 200, Nikkei 225, Kospi – Asia Pacific Indices Briefing Asia-Pacific equities may rise, especially ones skewed towards tech Australia’s ASX 200 could be aiming to revisit 2020 peaks near-term Monday’s Wall Street Trading Session Recap Equities on Wall Street gained, with the tech-heavy Nasdaq 100 leading the charge, climbing 1.72% on Monday. The S&P 500 and Dow Jones Industrial Average gained 0.99% and 0.54% respectively. This likely reflected demand for growth-oriented equities compared to value ones. This followed fading 2020 Fed rate hike bets as Treasury yields declined during a fairly quiet session deprived of key economic data risk. ....
Dow Jones Gains on Inflation Relief. Nikkei 225, ASX 200 May Climb DOW JONES, NIKKEI 225, ASX 200 INDEX OUTLOOK: 10-Year Treasury yield retreated to 1.518% as core inflation came below expectation Reflation trade is back in centerstage after House approval of the massive fiscal stimulus Inflation, Fiscal Stimulus, Yields, US Dollar, Asia-Pacific at Open: Wall Street equities traded broadly higher as inflation fears eased following a lower-than-expected US February core CPI data. The reading came in at 1.3% YoY, compared to the baseline forecast of 1.4%. The headline CPI reading, which includes volatile food and energy prices, came in line with expectations at 1.7%. As a result, the 10-year US Treasury yield retreated for a second day to 1.518% and the US Dollar index (DXY) fell to 91.79, alleviating pressure on risk assets and precious metals. The Dow Jones index climbed 1.46%, with all sectors ending in the green. This may set a positive tone for Asia-Pacific ....