A brief of global stocks on Monday May 10 2021(12:58 PM - 10/05/2021)

Investors will be focussing on U.S. inflation data later this week to gauge if a strong rise in prices will drive the Federal Reserve to change its policy stance. A far weaker-than-expected U.S. jobs data on Friday boosted hopes that interest rates will remain lower for longer.

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A brief of global stocks on Tuesday May 11 2021(7:22 AM - 11/05/2021)

Global sentiment soured after investors dumped Wall Street’s market-leading growth stocks on Monday ahead of the latest reading on U.S. consumer prices, which many fear could prompt the Federal Reserve to rethink its monetary policy stance. Stock markets in Asia and Europe dropped as U.S. inflation expectations surged to their highest in a decade with the economy reopening from pandemic-driven shutdowns, fanning concerns that interest rate hikes could arrive earlier than expected.

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A brief of global stocks on Wednesday May 12 2021(6:52 AM - 12/05/2021)

Fears of rising inflation hammered Wall Street on Wednesday, with grim consumer price data sparking a sell-off in blue chip and technology shares, while amplifying new concerns about the rebound from COVID-19. Many policymakers, however, have remained of the view that the central bank needs to keep rates low and sustain asset purchases at their current, aggressive rate to support the economy, which is still emerging from a worldwide health crisis.

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A brief of global stocks on Thursday May 13 2021(6:32 AM - 13/05/2021)

The Dow Jones Industrial Average traded up 1.1% midday Thursday, while the S&P 500 moved up 0.9%. The tech-heavy Nasdaq composite slashed gains to 0.3% in midday trade. Tesla (TSLA) skidded over 3% Thursday after reversing lower. Late Wednesday, CEO Elon Musk tweeted that Tesla will no longer accept Bitcoin for vehicle purchases.

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