All You Need To Know Going Into Trade On June 11

All You Need To Know Going Into Trade On June 11

Asian stocks were steady early Friday after U.S. shares and Treasuries rallied as investors judged that a jump in inflation is likely to be transitory, leaving scope for ongoing central-bank support. Japanese shares fluctuated, South Korea rose and Australia slipped. The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, was little changed at 15,776 as of 7 a.m. The S&P 500 Index climbed to a record overnight, while a technology rally boosted the Nasdaq 100. U.S. equity contracts were little changed. The 10-year U.S. Treasury yield held most of an earlier drop to 1.43%, its lowest point since March. The yield declined after a brief jump on above-forecast gains in U.S. consumer prices. The dollar retreated. The CPI increase in May was driven largely by categories associated with a broader reopening of the economy, as vaccinations bring the pandemic under control. Despite some signs of wider price pressures, concerns about a spike in longer-term borrowing costs that could destabilise global markets have eased. Elsewhere, crude oil pared a rally while staying above $70 a barrel. A …
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