U.S. Futures Rise; Asia Steady Amid Holidays: Markets Wrap

SourceYahoo News
SectorEconomy
CountryGulf

Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Andreea PapucMay 2, 2021, 5:44 PM·3 min readOops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.

(Bloomberg) — Stocks in Asia started the week little changed with some major markets shut and inflation concerns resurfacing. U.S. futures edged higher.

Benchmarks fluctuated in Australia and South Korea, and markets are closed in Japan and China for holidays.

S&P 500 and Nasdaq 100 contracts climbed. U.S. stocks dropped from a record Friday, amid economic data showing potential inflation pressures and increased talk of a possible pullback in central bank support. Still, the S&P 500 Index capped its biggest monthly rally since November.

Treasury yields held above 1.6% in U.S. hours. Crude oil crept up toward $64 a barrel.

Inflation risks are back in focus, though some data are skewed by last year’s pandemic shock. Fiscal stimulus helped drive the strongest monthly gains in U.S. personal incomes in records back to 1946, and the Federal...read more...