World Stock Markets Were Pushing For A Fourth Day Of Gains

today02/04/2021 5

Background
share close
AD

World Stock Markets Were Pushing For A Fourth Day Of Gains

Via Reuters

World stock markets were pushing for a fourth day of gains on Thursday as a near one-year high in oil prices, a revitalised dollar and rising bond yields refocused attention on inflation and normalising economies.

With the WallStreetBets/Reddit retail trading tumult having eased this week, markets were back in their comfort zone of corporate earnings, economic data and central bank meetings.

Oil was approaching $60 a barrel after OPEC and its allies extended had production cuts [O/R]. London, Frankfurt and Paris share indexes edged 0.4%-0.5% higher [.EU], and dollar’s renewed swagger shoved the euro under $1.20.[/FRX]

Britain’s sterling also saw its biggest fall in three weeks as traders waited to see whether the Bank of England would formally endorse negative interest rates as a potential future option.

At the end of last year, expectations were building that their introduction could be imminent. But Britain’s speedy COVID-19 vaccine rollout since then has eased those bets.

“The BoE will maintain a quite cautious tone,” said Silvia Dall’Angelo, a senior economist at fund management firm Federated Hermes adding it was likely that the bank would talk about negative rates. “But at this stage there is very little appetite to use this measure.”

Hopes that the COVID pandemic can be brought to heel by extensive vaccination programmes, combined with expectations of unswerving global economic stimulus, has begun to see bond market focus returning to rising debt and possible inflation.

Germany’s 30-year government bond yield on Thursday was almost back in positive territory for the first time since September. The gap between two- and 10-year U.S. Treasury yields at more than a 100 basis points is now the widest in almost three years.

New U.S. President Joe Biden had told House Democrats on Wednesday that he was more concerned that too little would be provided rather than too much when it came to economic relief.

Read the rest of the article here

What Is The Crusade Channel?

The CRUSADE Channel, The Last LIVE! Radio Station Standing begins our LIVE programming with our all original CRUSADE Channel News hosted by Janet Huxley. Coupled with Mike “The King Dude” Church entertaining you during your morning drive and Rick Barrett giving you the news of the day and the narrative that will follow during your lunch break!

We’ve interviewed over 200 guests, seen Brother Andre Marie notch his 200th broadcast of Reconquest; the The Mike Church Show over 1200 episodes; launched an original LIVE! News Service; written and produced 4 Feature Length original dramas including The Last Confession of Sherlock Holmes and set sail on the coolest radio product ever, the 5 Minute Mysteries series! We are the ONLY outlet to cover the Impeachment of President Trump from gavel to gavel! 

Now that you have discovered The Crusade, get 30 days for FREE of our premium service just head to:

https://crusadechannel.com  OR download our FREE app: https://apps.appmachine.com/theveritasradionetworkappIti-       

Did you know about World Stock Markets? If you are interested in supporting small business, be sure to check out the official store of the Crusade Channel, the Founders Tradin Post! Not to mention our amazing collection of DVD’s, Cigars, T-Shirts, bumper stickers and other unique selection of items selected by Mike Church!

AD

Written by: LoneRhody

Post comments (0)

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

AD
AD
0%
0
Would love your thoughts, please comment.x
()
x