WORLD STOCK MARKET TRADED HIGHER
Stock market since the beginning of 2021 increased substantially and risk taking investors enjoyed the momentum most. The US30 increased 4835 points or 15.80%, The GB100 increased 686 points or 10.61%, The DE30 increased 2091 points or 15.24%, The JP225 increased 1196 points or 4.36%, The SHANGHAI increased 124 points or 3.57% and The SENSEX increased 10080 points or 21.11% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks this benchmark index.
Meanwhile, Record-setting world stocks moved higher on Thursday after jobless claims data suggested the U.S. labor market was charging ahead even as new COVID-19 infections surge, while the risk of upcoming sub-par U.S. payrolls report weighed on the dollar. Economic data from Asia and Europe was largely disappointing but the Labor Department report showed the number of Americans filing new claims for jobless benefits fell last week to a pandemic-era low. The decline in layoffs to their lowest in more than 24 years helped ease concerns about the state of the U.S. economy even if the closely watched employment report for August on Friday shows a slowdown in nonfarm payrolls growth.
On Wall Street, the Dow Jones Industrial Average rose 0.37%, the S&P 500 (.SPX) added 0.28% and the Nasdaq Composite (.IXIC) advanced 0.14%. MSCI's world stock index, which measures equity performance in 50 countries, closed up 0.28% at 745.72. In Europe, the broad STOXX 600 index (.STOXX) gained 0.31%. MSCI's all-country world index (.MIWD00000PUS) ended the session at its fifth consecutive closing high, while the S&P 500 (.SPX) and Nasdaq (.IXIC) also set new closing highs. Energy-led value (.RLV), up about 0.63%, outpaced a 0.03% gain in growth (.RLG) as Facebook (FB.O), Google parent Alphabet (GOOGL.O) and Amazon.com (AMZN.O) fell, the latest twist in the ever-changing market leadership. Overnight in Asia, uncertainty over still-low vaccination rates in many economies and China's zero-tolerance COVID-19 strategy kept Chinese blue-chips flat (.CSI300), though speculation about more fiscal stimulus offered some support. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.16%. Japan's Nikkei (.N225) added 0.3%, South Korea (.KS11) fell 1%, whereas Hong Kong's battered tech index (.HSTECH) enjoyed a fourth day of unbroken gains.
The euro traded near a one-month high versus the greenback after German central bank chief Jens Weidmann cautioned against inflation risks and urged slowing the European Central Bank's bond buying. The hawkish comments were in contrast to the Bank of Japan, which has shown no sign of tapering its massive purchases as the economy remains mired in a decades-long battle with deflation. Meanwhile, the euro rose 0.30% to $1.1873.The dollar index, which tracks the greenback versus a basket of six currencies, fell 0.29% to 92.221. The yen last traded down 0.024% at $109.9500.
U.S. Treasury yields drifted lower as the market remained on hold ahead of the government's closely watched employment data on Friday, which could break yields out of a tight range. The benchmark 10-year yield fell 1.3 basis points to yield 1.2886%.
Aluminium prices rose to a 10-year high on growing concerns that restrictions on Chinese production of the metal are causing supply shortages. Oil rose more than $1, supported by optimism about the pace of the economic recovery from the pandemic, a sharp decline in U.S. crude stocks and a weaker dollar. Brent crude settled up $1.44 at $73.03 a barrel. U.S. crude rose $1.40 to settle at $69.99 a barrel. U.S. gold futures settled down 0.3% at $1,811.50 an ounce.
