© Reuters. File Photo: Investors are looking at an electronic board displaying stock information at a Beijing brokerage firm on August 27, 2015. REUTERS / Jason Lee / File Photo
By Simon Jessop and Swati Pandy
London / Sydney (Reuters)-World stocks stabilize on Friday, Treasury yields bounce and dollar as markets take a cautious break in the face of new concerns about the pace of global economic recovery from COVID-19. Remained firm.
The market was confused this week as deltacoronavirus variants squeezed the global risk cravings, leading to a safe escape betting that post-pandemic reflation trades are now over.
“It seems that many people are gradually recognizing that vaccination programs alone are not enough to bring the economy back to its pre-Covid normal state. More infectious delta mutants are in the world,” he said. It was. Deutsche Bank (DE :) Analyst Jim Reed.
This did not change in early European trading, as profits among stock exchanges in many regions helped offset the weaknesses of Asia’s overnight weaknesses. The Stocks Europe 600 Index rose 0.8%.
MSCI’s widest non-Japanese Asia-Pacific stock index, which spent the night in Asia, temporarily touched on a two-month low before comparing losses. US equity futures rose 0.2% on Wall Street, showing a slightly higher open.
Analysts said the accumulation of events caused emotional shifts rather than a single catalyst.
Concerns that central banks will hinder economic recovery by tightening policies to curb inflation, the rapid spread of delta variants, and still low vaccination rates obscure the outlook.
In Australia, a stay-at-home order has been introduced in Sydney to combat the spread of the virus. Vietnam has also introduced new restrictions, with record deaths reported throughout South Asia.
After a plunge at the beginning of the week, Friday yields rose about 4 basis points to 1.334%, but still far from 2021’s high of 1.776% in March.
Thursday’s reading on the number of Americans filing new unemployment insurance claims added to the view that the recovery of the employment market from the COVID-19 pandemic remains volatile.
In currency, the safe haven yen hovered near a month’s high at 110.01 per dollar. The euro fell to $ 1.1834.
This tracked greenbacks and baskets of 6 currencies, but leveled off at 92.443. [FRX/]
Another safe haven asset, gold, has been on track for the third straight week of profits. It rose 0.1% at $ 1,803 an ounce.
Oil prices have been added to the overnight rise. It rose 29 cents to $ 74.41 a barrel. Added 41 cents to $ 73.35 per barrel. [O/R]
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Global equities are stable and government bond yields are rising as Reuters variants of the Delta spread.
https://www.investing.com/news/stock-market-news/asian-stocks-hit-2mth-lows-as-fastspreading-delta-variant-shatters-confidence-2553547 Global equities are stable and government bond yields are rising as Reuters variants of the Delta spread.