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 Report . 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..
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