Global stocks, debt yields slip on US CPI, poor bond auction | Malay Mail

NEW YORK, July 14 ― Bond yields jumped and global share prices slipped after posting new highs yesterday as the biggest hike in US inflation in 13 years rattled investors who fear rising interest rates could end a stock market rally that has doubled prices from 2020 lows.

The inflation spike followed a 5.0 per cent increase in the 12 months through May, while CPI rose 0.9 per cent month over month after advancing 0.6 per cent in May, gains that unnerved investors. The jump in inflation ultimately is a negative hanging over a market that has enjoyed a remarkable rally since the lows of March 2020, said Rick Meckler, a partner at Cherry Lane Investments in New Vernon, New Jersey.

On Wall Street, the Dow Jones Industrial Average fell 0.31 per cent to 34,888.79, the S&P 500 lost 0.35 per cent to 4,369.21 and the Nasdaq Composite dropped 0.38 per cent to 14,677.65. Overnight in Asia, MSCI's broadest index of Asia-Pacific shares outside Japan rose 1 per cent, its best daily gain since late June, led by a 1.6 per cent rise in Hong Kong, where tech stocks rose broadly. Japan's Nikkei was up 0.5 per cent while Australian shares closed broadly flat.

Germany's 10-year bond yield was unchanged at -0.297 per cent, close to a three-month low of -0.344 per cent hit last week.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global stocks hit record; US Treasury yields hover above five-month lows | Malay MailNEW YORK, July 13 ― A gauge of global stocks closed at a record yesterday and US Treasury yields held above five-month lows touched last week as investors looked for signs on whether the Delta variant of the Covid-19 coronavirus could hamper economic growth. Last week, a bond market rally pushed... Bendera hitam yang akan menyokong Mahdi akan datang dari Pakistan. Pada bulan April 2015, Rasulullah datang dalam mimpi Muhammad Qasim menjelaskan kepadanya dari mana datangnya bendera hitam. Ketahui lebih lanjut di - atau cari 'Muhammad Qasim Dreams'
Source: malaymail - 🏆 1. / 86 Read more »

Singapore's Temasek set to post record portfolio in global equities rally | Malay MailSINGAPORE, July 13 — Singapore state investor Temasek Holdings’ portfolio value likely rebounded to scale a record in the year ending March, boosted by a rally in global markets and the public listing of some of its holdings. Analysts expect the value of Temasek’s assets to have jumped...
Source: malaymail - 🏆 1. / 86 Read more »