Stocks open higher on Wall Street. AMC launches inventory sale | Business

With the return of Memorial Day traders to the United States, June has got off to a good start and Wall Street stocks have risen sharply. The benchmark index comes from a monthly increase for the fourth consecutive month. Energy companies were also a leader, with crude oil prices rising 3.3%. Theater operator AMC jumped 12% after announcing the sale of shares. Yields on 10-year Treasuries stood at 1.63%. The European market was also high.

This is a last minute update. AP’s previous story is as follows.

Beijing (AP) – The global stock market on Tuesday was in turmoil as investors eagerly awaited US employment statistics.

London and Frankfurt were opened and Shanghai stood up, but Tokyo pulled out. Wall Street futures rose as the US market, which ended up in May, prepares to resume trading after the holidays.

Traders await Friday’s US jobs report in March. They want the peace of mind that April’s fall was a fluke. Employers added 266,000 jobs this month, half the recent average, well below expectations of a million.

Investors are between optimism that the global economy will recover from the severe recession since the 1930s and fears that rising inflation will allow governments and central banks to withdraw their stimulus measures. tremor.

“Investors may have taken a wait-and-see approach before releasing employment reports,” IG’s Jun Rong Yep said in a report.

In early trading, London rose 1.1% to 7,097.53 and the Frankfurt DAX rose 1.1% to 15,595.63. The CAC 40 in Paris rose 0.6% to 6,486.77.

On Wall Street, the S&P 500 index is 0.3% more promising and the Dow Jones Industrial Average is up 0.4%.

On Friday, the S&P 500 rose 0.1% at the end of May, with monthly growth of 0.5% after weeks of sales volatility as investors watched the conflict between the economic recovery and rising inflationary pressures. ..

The Dow Jones rose 0.2% and the tech-focused Nasdaq rose 0.1%.

In Asia, the Shanghai Composite Index rose 0.3% to 3,624.71, while the Nikkei Stock Average in Tokyo fell 0.2% to 28,814.34.

The ruling Chinese Communist Party said on Monday it would ease restrictions on childbirth and allow couples to have three children instead of two. The party wants to delay the rapid aging of the population, secure future workers and guarantee sufficient numbers, but high costs and pressure from work have deterred couples.

Also on Monday, Chinese commercial banks were ordered to hold more foreign currency in their reserves at the central bank in order to limit sales and curb the rise in the Chinese currency’s yuan exchange rate. ..

The People’s Bank of China has been trying to deter speculators since May after the yuan rose about 12% against the dollar. Macquarie Group analysts pointed out that the recent changes are a “strong sign” that policymakers are “increasingly uncomfortable” with the rate of the yuan’s rise.

Hong Kong’s Hang Seng Index rose 1.1% to 29,468.00, and South Korea’s Kospi rose 0.6% to 3,221.87.

Sydney’s S & P-ASX 200 fell 0.3% to 7,142.60, while India’s Sensex rose 0.1% to 51,988.61. The New Zealand and Southeast Asian markets increased.

In the energy market, electronic trading on the New York Mercantile Exchange saw basic US crude climb $ 1.78 per barrel to $ 68.10. Brent crude, which is used to set the price of international oil, fell from $ 1.37 to $ 70.69 a barrel in London.

The dollar fell from 109.59 yen on Monday to 109.62 yen. The euro fell $ 1.2232 to $ 1.2217.

Stocks open higher on Wall Street. AMC launches inventory sale | Business

Source link Stocks open higher on Wall Street. AMC launches inventory sale | Business

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