Stocks rebound as Fed officials calm inflation fears – Reuters

  • Date: 14-May-2021
  • Source: Reuters
  • Sector:Economy
  • Country:Middle East
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Stocks rebound as Fed officials calm inflation fears – Reuters

Japanese shares led a rebound in Asian markets on Friday, building on the lead from investors on Wall Street snapping up stocks that would benefit most from an economic recovery.

The rally interrupted a three-day rout for stocks globally, as market jitters over accelerating U.S. inflation were calmed by Federal Reserve officials reiterating that price pressures from the reopening of the economy would prove transitory.

Japan's Nikkei (.N225) jumped 1.3%, while MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) gained 0.6%,