Thursday, February 2, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Commodities

Global shares trade near record highs ahead of the Fed, inflation concerns ease as red-hot commodities cool

MtR by MtR
June 15, 2021
in Commodities
0
Global shares trade near record highs ahead of the Fed, inflation concerns ease as red-hot commodities cool


Traders work on the floor of the New York Stock Exchange (NYSE)
Traders work on the floor of the New York Stock Exchange (NYSE)

Spencer Platt/Getty Images

Related articles

Record outflows from commodity ETPs obscure long-term demand

August 10, 2022

Pacific Trader: B2Gold bucks the commodity slump

August 9, 2022

Global shares and futures traded near record highs on Tuesday ahead of the outcome of the Federal Reserve’s upcoming policy meeting the next day.

S&P 500 futures were last up 0.12% at 4:30 AM E.T., while Nasdaq futures were up 0.14% and Dow Jones futures rose by 0.05%, suggesting a modestly higher start to trading later on. The S&P and Nasdaq both closed at all-time highs on Monday.

The Fed’s statement after its meeting will provide an indication of the central bank’s thinking on the outlook for inflation and a possible shift in its asset purchase plan.

“Their core message that inflation is close to peaking and will soon start dropping back as reopening “frictions” ease is likely to be repeated – we still have doubts on this. We are likely to see a modest upward revision to their inflation forecasts to reflect the recent run of upside surprises,” ING economists said.

Inflation concerns eased as commodity futures, which have been at the heart of the rise in prices in the last 12 months, continued to ease on Tuesday in Europe. Lumber fell below $1,000 for the first time since March on Monday and was down almost 6% on Tuesday at $996.20 per thousand board feet. US copper futures were last down 3.85% to $4.35 a pound on Tuesday, while nickel – a key ingredient in the production of steel – fell by 3.19% to $17,877.50 a ton.

The easing inflation pressures were also reflected in 10-year US Treasury yields, which were last at 1.484% on Tuesday, down 1.4 basis points.

Oil however continued its rally and was set for a fourth daily rise, after closing at a two-year high on Monday, which boosted European energy stocks. Brent crude futures were last at $73.05 per barrel, up 0.26% while WTI futures rose by 0.25% to $71.06 a barrel.

European equities extended gains on Tuesday after the German DAX and the Euro Stoxx 50 closed at record highs on Monday. The DAX was last up 0.66%, while the Euro Stoxx 50 was up 0.51%. London’s FTSE 100 rose by 0.33% after data showed UK unemployment rate fell to an eight-month low in April. An extension of the UK’s COVID-19 restrictions however likely dampened some of the upward momentum.

“While the outlook for unemployment appears more positive as we head into the summer months, that doesn’t mean it can’t go higher. A lot of jobs that were around over a year ago, may still not come back, and now that next week’s June reopening date has slipped, we could see more businesses could fall by the wayside.” Michael Hewson, chief market analyst at CMC Markets, said.

The pound initially rose after the data against both the dollar, but was last down 0.21% at $1.4084.

Asian markets were mixed on Tuesday, as the Japanese Nikkei 225 closed 0.96% higher but Hong Kong’s Hang Seng index fell by 0.71% and China’s Shanghai Composite lost 0.92%.



Source link

Related Posts

Record outflows from commodity ETPs obscure long-term demand

by MtR
August 10, 2022
0

Latest news on ETFsVisit our ETF Hub to find out more and to explore our in-depth data and comparison toolsInvestors...

Pacific Trader: B2Gold bucks the commodity slump

by MtR
August 9, 2022
0

Credit: B2Gold Corp. Hauling ore at B2Gold's Otjikoto Mine in Namibia And unlike its peers, the Vancouver company pays a...

Ford raises prices of electric F-150 pickup amid high commodity costs

by MtR
August 9, 2022
0

The all-electric Ford F-150 Lightning pickup truck is unveiled at the company's world headquarters in Dearborn, Michigan, U.S., May 19,...

Commodity Market: Gold price surge marginally

by MtR
August 9, 2022
0

Mumbai: Price of gold edged higher marginally in the commodity market. Sovereign gold is trading at Rs 38,240, higher by...

Japan Hands over Emergency Medicines and Commodities for Pregnant Women and Adolescent Girls though the Project “PROMISES” under the partnership with UNFPA – Sri Lanka

by MtR
August 9, 2022
0

On 8 August, Ambassador of Japan to Sri Lanka, H. E. Mr. MIZUKOSHI Hideaki handed over essential pharmaceuticals for women...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Industrial Lubricants Market to Reach $71 Billion by 2027.

August 10, 2022

Recent News

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter