- Oops!Something went wrong.Please try again later.
The DRAM market is heating up and analysts believe this could lead to big gains for Micron stock in 2021.
(Bloomberg) -- Most Asian equities dipped Thursday after U.S. indexes eased from all-time peaks, with the drop in cryptocurrency exchange Coinbase Global Inc. overshadowing strong bank earnings. Oil trimmed earlier gains.Shares fell in Hong Kong and China as the central bank effectively drained cash from the financial system, adding to concerns about tightening liquidity. Tech stocks also struggled. Japan and South Korea edged higher. U.S. futures fluctuated after Coinbase traded down in its Nasdaq debut. Bank stocks gained overnight on revenue windfalls for the likes of Goldman Sachs Group Inc.The dollar inched upward after three straight days of losses, and the benchmark 10-year Treasury yield held around 1.63%.In Asia’s session, investors are also watching for further tremors from the sharp selloff in the bonds of distressed-debt enterprise China Huarong Asset Management Co., which has pushed investment-grade spreads higher.With equities hovering around record levels, traders are watching the earnings season for further catalysts. Expectations for a strong profit rebound have buoyed indexes, setting the bar high as reporting gets underway. More broadly, investors are alert to any setbacks to the economic recovery from spikes in Covid-19 infections and troubled vaccine rollouts.“You’re going to see this tug-of-war continue within markets as investors weigh the prospects of a strengthening economy with the risk of rising inflationary pressures,” said Adam Phillips, managing director of portfolio strategy at EP Wealth Advisors.The Federal Reserve remains committed to supporting the recovery, and will start tapering asset purchases “well before” policy makers consider raising interest rates, Chairman Jerome Powell told the Economic Club of Washington Wednesday.Bitcoin touched a record of $64,870 before slipping. Oil trimmed an overnight surge but remained around $63 a barrel as shrinking crude stockpiles in the U.S. supported hopes for a global demand recovery.Some key events to watch this week:U.S. data including initial jobless claims, industrial production and retail sales come Thursday.China economic growth, industrial production and retail sales figures are on Friday.These are some of the main moves in financial markets:StocksS&P 500 futures edged up 0.1% as of noon in Tokyo. The index closed down 0.4%.Japan’s Topix Index was up 0.4%.The Shanghai Composite slipped 1.1%.The Hang Seng was down 1.1%.South Korea’s Kospi Index rose 0.2%.Australia’s S&P/ASX 200 Index added 0.1%.CurrenciesThe Bloomberg Dollar Spot Index rose less than 0.1%.The euro was at $1.1974.The Japanese yen was little changed at 108.92 per dollar.The offshore yuan was at 6.5410 per dollar, down 0.1%.BondsThe yield on 10-year Treasuries was at 1.63%.Australia’s 10-year yield was up three basis points to 1.78%.CommoditiesWest Texas Intermediate crude slipped 0.1% to $63.07 a barrel.Gold added 0.2% to $1,739 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Jesus Aguilar drove in the winning run with a 10th-inning double and the Miami Marlins overcame two homers by Ronald Acuña Jr. for their third straight win in Atlanta, beating the Braves 6-5 Wednesday night after squandering a 5-0 lead. Leading off in extra innings with Starling Marte placed at second, Aguilar dumped a low pitch from Tyler Matzek (0-1) down the left-field line to bring home the tiebreaking run.
McGregor was investigated following an alleged "sexual assault and sexual exhibition" incident in France last September.
The federal Advisory Committee on Immunization Practices committee said Wednesday that the pause in the use of Johnson & Johnson’s Coronavirus vaccine would continue for at least a week. Dr. Anthony Fauci, President Joe Biden’s chief medical adviser said Tuesday that the pause would be “more like days to weeks, rather than weeks to months.” […]
Salient Systems has earned approval from the Qatar Ministry of Information-Security Systems Division (MOI-SSD) for CompleteView VMS
Earlier today, on April 14, 2021, Facedrive Inc. ("Facedrive" or the "Company") (TSXV:FD) (OTC:FDVRF), a Canadian "people-and-planet first" tech ecosystem, announced it had completed the acquisition of 100% of the equity ownership of EcoCRED, LLC ("EcoCRED"), from Exelorate Enterprises, LLC, a wholly-owned subsidiary of Exelon Corporation (NASDAQ:EXC). The announcement noted that Facedrive acquired EcoCRED in exchange for aggregate consideration of USD $1,000,000, which was paid through the issuance of 38,936 Facedrive Shares ("Acquisition Shares"), issued at a deemed price of USD $32.36 per Acquisition Share (which was determined and agreed upon based on a volume weighted average trading price figure). However, the currency expressed for the price per Acquisition Share figure should have been Canadian, making the actual deemed price per Acquisition Share CAD $32.36 (or USD $25.68 per share, being USD $1,000,000 divided by 38,936 shares). All Acquisition Shares are subject to an 18-month lock-up period.
The Premier League leaders have reached the last four for the first time since the Spaniard took charge.
Linda Reynolds puts compulsory NDIS assessments on pause. Move welcomed by disability groups, who view the government-contracted assessments as a way to cut access and package sizes
Rodón was only two outs from a perfect game.
NSW Aboriginal deaths in custody inquiry recommends end to ‘police investigating police’ . The cross-party committee also recommended ‘obscene language’ no longer be grounds for arrest
The union of Mexico’s Televisa and Univision has been considered by both sides for decades. The impetus to finally make a deal come together was a mutual desire to create a Spanish-language streaming giant serving the U.S., Mexico and the rest of the Spanish-speaking world. In short, the merger of Univision with most of Televisa’s […]
Wombat-like creatures as big as cars, six-foot tall birds and extra-long lizards once roamed the earth
The Biden administration is preparing to announce sanctions in response to a massive Russian hacking campaign that breached vital federal agencies, as well as for election interference, a senior administration official said Wednesday night. In that intrusion, Russian hackers are believed to have infected widely used software with malicious code, enabling them to access the networks of at least nine agencies in what U.S. officials believe was an intelligence gathering operation aimed at mining government secrets.
James Ennis scored 22 points, Wendell Carter Jr. added 19 points and 12 rebounds, and the Orlando Magic snapped a six-game losing streak by beating the Chicago Bulls 115-106 on Wednesday night despite big performances by Zach LaVine and Nikola Vucevic. The Magic outscored Chicago by 20 in the third quarter to turn a one-point lead into a 93-72 advantage and hung on after Chicago cut it to 104-98. Carter scored on a tip-in and Michael Carter-Williams dunked to make it a 10-point game with 3:12 remaining.
The home boasts four bedrooms and three and a half bathrooms, as well as a pool and ample outdoor space
Labor pledges $90m to reduce Indigenous incarceration and deaths in custody. Linda Burney says federal leadership is needed to tackle root causes of crime and recidivism
FOX News senior correspondent Mike Tobin interviews demonstrator in Brooklyn Center, Minnesota live on 'Hannity'
Brielle Biermann’s friend Ethan McCallister died on Saturday, April 3
Julius Randle scored 32 points against his former team and the New York Knicks clamped down defensively on Zion Williamson for a 116-106 victory over the New Orleans Pelicans on Wednesday night. Alec Burks scored New York's first 11 points of the fourth quarter, added a crushing 3 and finished with 21 points for the Knicks, who've won four straight for the first time this season. Williamson, who came in having scored at least 30 points in three straight, mustered 25 points against a Knicks defense that packed the paint to stop him.
David Peterson matched a career high with 10 strikeouts in six dominant innings and batterymate James McCann hit his first home run with the Mets, sending New York past the Philadelphia Phillies 5-1 on Wednesday night for its third straight win. McCann had three hits, including a two-run homer in the eighth. Brandon Nimmo and Dominic Smith also got three hits apiece, and Francisco Lindor scored twice.