Inflation data, US-China trade talks to set market direction this week
US STOCKS surged last week and the Dow Jones Industrial Average registered its biggest weekly gain of the year as investors focused on the interest-rate silver lining among dark economic clouds.
The gains could continue this week, as long as there are no unpleasant surprises from US trade negotiations with China or from inflation data.
Stocks slid and the Nasdaq Composite entered correction territory - more than 10 per cent from its recent peak - last Monday after US President Donald Trump said he would impose new tariffs on Mexican imports. He later dropped the threat in return for promises of a military clampdown on immigrants.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Why the yen is so weak and what that means for Japan
Europe: Stoxx ends lower as auto giants weigh; investors parse inflation data
US: Wall Street stocks fall as markets weigh strong wage data, Fed meeting
Japan may have spent 5.5 trillion yen on Apr 29 intervention, BOJ data suggests
Singapore stocks rise, tracking regional bourses; STI up 0.3%
Asia: Markets build on Wall Street rally, yen holds bounce