buyappleacc.com is a reputed website selling apple developer account, providing us, China and worldwide developer individual accounts for sale. It's at low price and good quality. Always provides satisfying services!

HomeSocialtext

俄罗斯银行账号(accbuy.vip):Inflation and Evergrande keep world shares on back foot

admin2021-10-0622

choi Baccarat

if you want to buy apple account, choose buyappleacc.com, buyappleacc.com is a best provider within bussiness for more than 3 years. choose us, you will never regret. we provied worldwide apple developer account for sale.

,

LONDON: World stocks were on the back foot on Monday and the dollar stayed close to one-year highs on concerns that higher inflation, supply shortages and China's property sector problems would put global economic recovery at risk.

Stock markets slipped to 2-1/2-month lows last week, following a torrid September that saw them shed more than 4% as U.S. Treasury yields surged 20 basis points, the Federal Reserve signalled its readiness to start unwinding stimulus this year and Chinese property giant Evergrande headed for default.

Those factors remain in play, with trading in Evergrande shares suspended, days after it missed a second set of interest payments on offshore debt.

Media reports that Evergrande would sell a stake in its property management unit for over $5 billion did little to sooth sentiment.

Asian shares weakened, led by a 2.7% loss in Hong Kong while Japan's Nikkei slipped around 1%.

European bourses seesawed around flat and Wall Street futures were firmly in the red, with those for the tech-heavy Nasdaq down 0.7%.

A couple of events are focusing investors' minds. First up is Monday's OPEC-plus meeting, which comes as crude prices hover near three-year highs of close to $80 a barrel. Gas pries too show no sign of easing, rising to a new high of 96 euros per megawatt hour in Europe.

More important is Friday's monthly U.S. payrolls data which a Reuters poll forecast will show 500,000 jobs added last month.

"All roads this week point to payrolls Friday, as unless there is a marked deterioration across the whole sweep of labour market indicators within the report, this will likely be the catalyst to cement the November taper," Deutsche Bank told clients.

U.S. economic data on Friday showed robust consumer spending and factory activity, but fears are inflation will keep accelerating, due to spiking energy prices, labour shortages and supply glitches. That could force central banks to tighten policy sooner and further than expected.

Already, the core U.S. PCE price index, the Fed's preferred inflation measure, increased 3.6% in August from a year earlier, its biggest rise in three decades while euro zone inflation hit a 13-year high

While Fed boss Jerome Powell and other policymakers insist high inflation is transitory, Norihiro Fujito, chief investment strategist at Mitsubishi UFJ Morgan Stanley Securities, noted "Powell also recently starting to hedge his comments too, leading investors to suspect he, too, is worried about inflation".

Those concerns kept a sustained bid for the dollar, which is close to one-year highs against a basket of currencies and looks set for its biggest annual rise since 2015.

The greenback eased slightly on Monday, allowing the euro bounce to $1.16145, off Thursday's 14-month low of $1.1563. It also dipped to 111.135 yen, staying below Thursday's 1-1/2-year high of 112.08 yen.

Reviews

Popular tags