After a modest rise on Wall Street, the global market is mixed
Bangkok – European markets open high on Friday after a mix of Asian trades amid growing concerns that the more contagious delta variant of COVID-19 may impede recovery from a pandemic Did.
Benchmarks rose in Paris, London and Frankfurt, but fell in Hong Kong and Shanghai. Tokyo was closed due to a holiday.
Investors are nervous about the risk that the rapidly prevailing more contagious delta variant of COVID-19 may prevent recovery from last year’s pandemic shock.
Germany’s DAX was up 0.6% to 15,607.15. In Paris, CAC 40 also rose 0.6% to 6,522.12. The UK’s FTSE 100 jumped 0.7% to 7,016.40. The future of the Dow Jones Industrial Average was 0.3% higher and the future of the S & P 500 was up 0.4%.
Thailand recorded 14,575 cases daily on Friday and reported 114 deaths. This is because a stricter set of restrictions has been enforced in many areas. Meanwhile, the central bank said the latest worst outbreak could shrink the economy by as much as 2% this year, rather than previously predicted.
Bangkok SET fell 0.4%. In Seoul, the Kospi rose 0.1% to 3,254.42, while the Sydney S & P / ASX 200 rose less than 0.1% to 7,394.40.
Prior to the opening ceremony of the Tokyo Olympics, the Japanese market was closed due to holidays and regional trade subsided.
Hong Kong’s Hang Seng Index fell 1.5% to 27,321.98 and the Shanghai Composite Index fell 0.7% to 3,550.40.
Bloomberg fell as regulators reported that they were planning more penalties for carpooling giant Didi.
Diddy’s stock has fallen by more than 25% in the Chinese government’s crackdown on tech companies since it opened in New York last month.
All three indices remained close to the all-time highs set earlier last week.
With rising inflation, hints on when the Federal Reserve may begin to unravel some of the support that helped keep the economy moving during the pandemic are expected from next week’s two-day policy-making meeting. I will.
The Ministry of Labor reported on Thursday that unemployment claims increased to 419,000 last week. This was the most in two months and more than economists expected. Economists said it was most likely caused by some temporary factor and was likely the result of the inevitable ruggedness of weekly data.
Yields on 10-year Treasuries rose from 1.26% on Thursday to 1.28%. Benchmark yields recovered from low yields at the beginning of the week, but are still trading at relatively low levels given the economic recovery.
In another trade on Friday, US benchmark crude fell 24 cents in electronic trading on the New York Mercantile Exchange to $ 71.67 a barrel. It soared from $ 1.61 to $ 71.91 on Thursday. Brent crude, the international price standard, fell 23 cents to $ 73.56 a barrel.
The dollar rose from 110.14 yen to 110.44 yen. The euro rose from $ 1.1767 to $ 1.1785.
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