Global stocks mixed amid tenuous hopes for pandemic recovery – Washington, District of Columbia

Washington, District of Columbia 2021-05-06 05:54:56 –

Tokyo (AP) —Thursday, global equities were mixed due to cautious optimism that future corporate earnings reports would reflect gradual …

Tokyo (AP) —Thursday, global equities were mixed, with cautious optimism that future earnings reports would reflect a gradual recovery from the pandemic.

France’s CAC 40 fell 0.2% to 6,329.20 and Germany’s DAX fell 0.2% to 15,146.60. The UK’s FTSE 100 fell 0.2% to 7,026.93. The future of the 30 Dow Jones Industrial Averages is less than 0.1% at 34,111, with US stocks set to slow start. The future of the S & P 500 was almost unchanged at 4,158.12.

In Asian trade, the Japanese benchmark Nikkei 225 ended at 29,331.37, up 1.8% in the first session after a series of holidays during Golden Week. Korea’s Kospi is 1.0. Australia’s S & P / ASX 200 fell 0.5% to 7,061.70, while it rose% to 3,178.74. Hong Kong’s Hang Seng Index rose 0.8% to 28,637.46 and the Shanghai Composite Index fell 0.2% to 3,441.28.

Vaccine deployment is slower in Asia than in the United States and Europe, but the global recovery raises expectations for better exports and profits for companies operating abroad.

Japanese equities were boosted by the Bank of Japan’s policymakers expressing their determination to support the economy with simple lending and stimulus. In the minutes of the March meeting, they said COVID-19 was likely to have less of a negative impact on the global economy.

Investors continue to focus on better-than-expected earnings reports, resulting in a variety of market results. According to FactSet, more than half of S & P 500 companies have reported results so far this season, with an average profit growth rate of 54%.

Stock prices are on the rise in anticipation of a weakening pandemic, but investors remain worried about possible rising inflation, already showing signs of rising prices for oil, timber and other commodities. ..

Investor attention is focused on Friday’s April job vacancies report. Economists expect data to show that employers hired 975,000 workers last month as the economy accelerated from a pandemic and vaccines were rolled out nationwide. The unemployment rate is expected to drop from 6% to 5.8%.

In energy trading, benchmark US crude fell 44 cents to $ 65.19 a barrel in electronic commerce on the New York Mercantile Exchange. Brent crude, the international standard, fell 45 cents to $ 68.51 a barrel.

In currency trading, the US dollar fell from 109.17 yen to 109.16 yen. The price of the euro has risen from $ 1 in 2014 to $ 1.2047.

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Global stocks mixed amid tenuous hopes for pandemic recovery Source link Global stocks mixed amid tenuous hopes for pandemic recovery

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