Asia Stocks to Drop After U.S. Fall; Bonds Rise: Markets Wrap from buzai232's blog

Stocks in Asia were poised to follow U.S. equities lower after an unexpected rise in jobless claims rekindled concern the economic recovery has stalled. Treasuries rose.To get more news about Expert 24 Trade, you can visit wikifx news official website.
　　The first uptick in jobless claims since March comes as Congress negotiates a new relief package for millions of Americans who are set to lose enhanced benefits at the end of the month. Other worrying signs of the U.S. economy slowing added to concern that the growth in some areas will peter out.
　　“The recovery is in place, but the labor market is really, really fragile,” said Gene Goldman, chief investment officer at Cetera Financial Group. “That‘s going to weigh on the markets and it’s going to weigh on consumers for a long time.”
　　Elsewhere, the yield on 10-year Treasuries fell to 0.58%. Crude ticked up, while precious metals continued their torrid run of gains that have taken gold and silver prices to multi-year highs.
　　In Europe, the yield on Italy‘s benchmark bonds fell below 1% for the first time since March amid euphoria over the Europe Union’s pandemic recovery package.


　　Former New York Fed President William Dudley discusses the state of the U.S. economy and need for further stimulus for citizens and businesses.