Better-than-expected employment figures capped a strong week for US markets, which had continued to chart into historic high territories in anticipation of the data. Figures released at the start of Friday were expected to show the US had added 720,000 jobs to its economy – which
US stocks rose last week, after dovish overtures from Federal Reserve officials and the Biden administration secured bipartisan support for a $1 trillion infrastructure deal on Thursday. Prior to this, there had been some volatility in US markets, following last week’s announcement that an interest rate
A week after the US posted inflation of just over 5%, the Federal Reserve (the US central bank) upped its economic growth projections, while bringing forward its estimates for when it may increase interest rates. Although the Federal Reserve will keep its high levels of
Global stocks generally performed well last week, as markets reacted to improving economic conditions and some central bank moves in Europe. This proved enough to counter continued fears around inflationary danger, plus the news of a potential minimum global tax rate. The minimum global tax rate
US and European stocks continued climbing last week, after Wall Street responded well to a US jobs report. The world’s biggest economy created 560,000 jobs in May. The Nasdaq Composite, a technology-heavy index of US companies, rose 1.5% on Friday after the news. The jobs rise
Equity markets followed a familiar pattern last week to the past few months. Investors were focused on news about rising inflation, and prices were slightly more volatile in response to evidence that it is growing as successful vaccination programmes allow economies to re-open. Stock markets
US stocks ended May higher last week, reaching their fourth consecutive month of gains. The S&P 500 Index of large US companies rose to within touching distance of record levels, although the more technology-heavy Nasdaq index actually fell for the month. The different in performance between
Global markets remained focused on the prospect of higher inflation last week. Despite lingering concerns about variants of COVID-19, the economic recovery from the pandemic is gathering pace. Investors are now trying to assess what the recovery means for inflation, and how and when governments
Last week brought mixed news for investors in one of the world’s largest stock market indices. On the one hand, the S&P 500 Index of large US companies hit record highs. On the other, a monthly release of unemployment numbers tempered investor enthusiasm by demonstrating
Despite dipping on Friday, US stocks had another good week as April ended. This contributed to a particularly strong month: the S&P 500 Index of large US companies had its biggest one-month increase since November last year, when vaccine discoveries began acting as a boost
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