Global stocks remain mixed for the week. The U.S top benchmark Indexes S&P-500 and Dowjones-30 were ending out with a weekly gain of about 1.36% and 1.57%, respectively. On the other hand, The Indexes Nasdaq-100 and Russel-2000 were declined by about -0.58% to -3.12%. The midcap stocks underperformed the large-cap stocks. The inflation forecast, Yield surge in the bond price and the positive weekly jobless claims are the critical factors for the mixed direction.
Most European stocks erased their earliest loss and rose on unexpected Eurozone business activity growth in March. The primary benchmark Indexes closed higher, about 0.48% to 0.88%, as a weekly gain. The French Index CAC-40 modestly decline about -0.15%. Core and peripheral eurozone government bond yields fell overall. Lockdowns extended over many European countries, and tensions over vaccine supplies persist.
The APAC benchmark Indexes remains mixed for the week. However, The Indexes ASX-200, CSI-50 and Kospi-100 closed higher for the week. The Australian Index ASX-200 outperformed. On the other side, The Indexes Nifty-50, Nikkei-225 and Hangseng closed with the red mark about -1.61% to -2.26%. Chinese stocks recorded a rally on Friday after the country’s central bank signalled that it was not about to tighten monetary policy.
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