Markets rise on recovery hope, dollar hits one-year yen high – News 24-7 Live News 24-7 Live
Markets rise on recovery hope, dollar hits one-year yen high

Markets rise on recovery hope, dollar hits one-year yen high

However, investors remain torn between vaccine-fuelled optimism over the economic outlook and fears over a surge in inflation the recovery is expected to bring with it.

Asian and European markets extended gains Tuesday following another record on Wall Street while the dollar hit a one-year high above 110 yen, fuelled by growing optimism about the global economic recovery.

However, investors remain torn between vaccine-fuelled optimism over the economic outlook and fears over a surge in inflation the recovery is expected to bring with it.

With a number of big data announcements coming this week, analysts said traders were largely biding their time awaiting the next catalyst to drive buying, though most tip the year-long rally across equities to continue this year despite recent stutters.

The major call is Friday’s US government employment report, which will give the latest snapshot of the world’s top economy as it slowly emerges from the crisis, while private jobs and unemployment claims are also due, along with readings on manufacturing activity.

News Source : Hindustan Times

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