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Commodity Rally Sparks Jump in Emerging Currencies, Credit


Commodity Rally Sparks Jump in Emerging Currencies, Credit
This content was published on May 4, 2021 - 04:43
May 4, 2021 - 04:43
(Bloomberg) The rally in commodity prices is bolstering the outlook for emerging-market currencies and boosting parts of credit and stocks even as it fuels concerns about higher inflation.
The Bloomberg Commodity Spot Index has risen to the highest since 2012 after advancing 8.7% last month in the biggest jump since August. Many investors expect more gains as the world pulls out of the pandemic.
That’s helped lift the MSCI Emerging Markets Currency Index near a record after it surged 1.5% in April, the most this year. A gauge of global stocks has also continued up after increasing 4.2% last month, the best in four. Corporate debt from Asian metal and mining firms has outperformed, returning 2% in April compared with just 0.4% for broader Asian emerging-market dollar bonds. ....

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Фьючерсы на индексы США растут в ожидании макростатистики

Фьючерсы на индексы США растут в ожидании макростатистики
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Stock Futures Point to Steady Open; GameStop in Focus


Provided by
Dow Jones
By Joe Wallace and Chong Koh Ping
U.S. stock futures edged up, putting Wall Street on course for a steady open after losses induced by concerns about a slowing economic rebound and froth in markets, exemplified by the wild trading in retailer GameStop.
Futures tied to the S&P 500 ticked up less than 0.1% after the benchmark index posted its biggest two-day decline since October. Contracts for the Dow Jones Industrial Average, which has fallen for five-consecutive days in its longest losing streak since February, rose about 0.1%.
Technology stocks appeared set to come under pressure after earnings from giants including Apple underwhelmed investors late Wednesday, pushing Nasdaq-100 futures down 0.7%. ....

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