Global stocks gained on Wednesday as early indications of a rebound in European corporate earnings offset concerns over rising COVID-19 infections in Asia that have dampened oil prices. The STOXX index of 600 European shares was up 0.7% at 436.76 points. MSCI's index of global shares fell 0.2%. It too had reached record highs on Monday.
Global stocks gained on Wednesday as early indications of a rebound in European corporate earnings offset concerns over rising COVID-19 infections in Asia that have dampened oil prices. The STOXX index of 600 European shares was up 0.7% at 436.76 points. MSCI's index of global shares fell 0.2%. It too had reached record highs on Monday.
* Asian stock markets: https://tmsnrt.rs/2zpUAr4. * Risk aversion resurfaces as virus concerns return. * Rising infections in India rattle energy markets. * Bond traders eagerly await 20-year Treasury auction. By Stanley White.
The dollar languished on Wednesday, hovering just above a seven-week low with subdued U.S. bond yields reducing the currency's yield appeal. The safe-haven greenback got some respite from a pullback in world stocks from record highs as flare ups in coronavirus infections from India to Canada soured the outlook for a quick global recovery.
Gold prices edged higher on Wednesday,
hovering near a seven-week peak hit earlier this week, as a
weaker dollar and a retreat in U.S. Treasury yields lifted
demand for the safe-haven metal.
The global grocery sector grew a record 10% in 2020, industry data showed on Wednesday, as people stuck at home under COVID-19 restrictions cooked, baked and drank more.
BHP Group Ltd. (BHP), the world's largest mining company by market value, on Wednesday reported a 4% fall in third-quarter iron-ore output, alongside a 9% drop in copper production and a 7% lift in petroleum volumes. Here are some remarks from that report:. "For the nine months to March 2021, our Chilean assets continued to operate with a substantial reduction in their operational workforces as a result of Covid-19 restrictions.
NEW YORK, April 20, 2021 The refractory materials market is set to grow by 9.23 million MT, progressing at a CAGR of almost 4% during 2021-2025. Download FREE Sample ReportĀ . The market is fragmented, and the degree of fragmentation will accelerate during the forecast period.
Foxconn is scaling back plans for a liquid-crystal-display plant in Wisconsin, saying it expects to invest a fraction of the $10 billion promised nearly four years ago, according to a new contract with the state. The electronics maker, formally known as Hon Hai Precision Industry Co., negotiated a new economic-development deal on Tuesday with the state of Wisconsin that was a shadow of the record-setting incentives package announced in the summer of 2017..
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.