Company / Analytics

Analytics, 17 April 2021

Week 15 in Brief

  • Global stocks closed at all-time highs Friday as strong corporate earnings, economic data in the US, and robust Chinese growth data led both US and European stocks to extend their recent rallies.
  • Investors digested strong reports from big banks including Morgan Stanley, Bank of New York Mellon, and Goldman Sachs which helped boost optimism about the recovery and a better economic outlook, despite concerns of upcoming inflation.
  • Chinese stocks outperformed in Asia after a report showed China’s economy soared in the first quarter, which further pushed the MSCI All-Country World Index to a fresh record.
  • In commodities oil prices lost some ground while gold futures traded higher for a second straight day Friday, adding to its climb after touching its highest level in seven weeks.
  • In currencies, the USD slipped against a basket of six major currencies, as both the euro and pound jumped.

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