London — Europe’s share markets spluttered and government bond yields burrowed lower on Thursday after the head of the US Federal Reserve dampened taper talk and traders struggled with the rapid global rise in Covid-19 Delta variant cases.
But markets’ delight after Jerome Powell told the US Congress he saw no need to rush the shift towards tighter post-pandemic monetary policy, had not lasted long. “The market is fearing the Delta variant could take a hold of different economies so you are almost seeing that we are back to the ‘bond yields lower, tech doing well’ scenario,” said Justin Onuekwusi, portfolio manager at Legal & General Investment Management.
He also said he is confident that recent price hikes are associated with the country's post-pandemic reopening and are driving up inflation will fade. The yield on inflation-protected bonds, sometimes called the real yield, dropped to minus 1.027%, near its lowest levels since February.“The CPI numbers were pretty shocking to me,” said Nobuyasu Atago, chief economist at Ichiyoshi Securities. “People say rises in used car prices are the main culprit but it's not just that. New cars, home electronic goods and services are all rising. And the past record shows when energy prices rise, that impact normally last for about two years.
Source: Financial Digest (financialdigest.net)
Tears grips my heart knowing how hard I've struggled to find a legit trader. I never wanted to do this but I'll be guilty if i don't share this good news to people to join the best trader have ever know. Thanks for helping me and i will forever be grateful to you ambrey_marcus
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Global stocks lose ground after jump in US inflationThe US CPI data has fuelled the expectation of a quicker end to Federal Reserve stimulus
Source: BDliveSA - 🏆 12. / 63 Read more »
Fall in US yields supports goldThe main focus was on US Federal Reserve chair Jerome Powell’s testimony later in day after a robust rise in consumer prices Words alone won’t express how thankful I’m recommending you all to you ambrey_marcus .....,investing with you has been a good opportunity for me and my family I just received my profit of R30,500 within five days of investment ambrey_marcus
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: Banks and retailers slump as unrest continuesRand falls to its weakest level against the dollar in more than three months, boosting mining stocks
Source: BDliveSA - 🏆 12. / 63 Read more »
Gold dips as US Fed chair sticks with dovish stanceJeremy Powell says current price increases are transitory and economic support will continue
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: TheCitizen_News - 🏆 6. / 75 Read more »