U.S. Treasury yields fell on
Friday, as softer-than-expected inflation data fed the view that
the Federal Reserve could delay its exit from quantitative
easing, while investors also worried about the ...
The Canadian dollar fell
against its broadly stronger U.S. counterpart on Friday but held
on to much of this week's gains as oil prices rose and a
preliminary estimate showed Canada's ...
A rebound in corporate profits and the recent drop in bond yields are helping to moderate U.S. equity valuations, bolstering the case for owning stocks even as markets stand near records and economic growth is expected to slow. The benchmark S&P 500 has climbed more than 17% so far this year, galloping higher despite concerns over a surge in inflation and a projected fall-off in economic growth.
A rebound in corporate profits and the recent drop in bond yields are helping to moderate U.S. equity valuations, bolstering the case for owning stocks even as markets stand near records and economic growth is expected to slow. The benchmark S&P 500 has climbed more than 17% so far this year, galloping higher despite concerns over a surge in inflation and a projected fall-off in economic growth.
U.S. consumer spending surged in June as vaccinations against COVID-19 boosted demand for travel-related services, but part of the increase reflected higher prices, with annual inflation accelerating further above the Federal Reserve's 2% target.
* Dollar index down 0.8% for the week. * U.S. consumer spending rises strongly in June. By Saqib Iqbal Ahmed and Ritvik Carvalho. The dollar rose on Friday as upbeat economic data helped reverse some of the losses from earlier this week when dovish remarks by the Federal Reserve scuttled a month-long rally in the U.S. currency.
U.S. Treasury yields fell on
Friday, as risk aversion reigned in financial markets once again
after an earnings miss from tech giant Amazon.com (AMZN)
weighed on stocks, and amid nagging concerns about the ...
* Nasdaq drops 0.9% as Amazon (AMZN) slumps 7% * STOXX 600 down 0.18% * Dollar languishes near 1-month low. By Koh Gui Qing and Simon Jessop. U.S. stocks dropped on Friday to pull further from record highs as an underwhelming earnings report from Amazon.com Inc (AMZN) dampened the market mood, while the dollar rose a shade but hovered near a one-month low.
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