{"id":123327,"date":"2021-04-30T22:43:38","date_gmt":"2021-04-30T22:43:38","guid":{"rendered":"https:\/\/precoinnews.com\/?p=123327"},"modified":"2021-04-30T22:43:38","modified_gmt":"2021-04-30T22:43:38","slug":"world-shares-off-record-peak-dollar-rises","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/world-shares-off-record-peak-dollar-rises\/","title":{"rendered":"World shares off record peak; dollar rises"},"content":{"rendered":"

NEW YORK (Reuters) – World shares fell on Friday, retreating from Thursday\u2019s record peak as investors worried about valuations, while the dollar posted its largest daily gain since late February.<\/p>

FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., April 16, 2021. REUTERS\/Carlo Allegri\/File Photo<\/figcaption>

MSCI\u2019s broadest gauge of world shares still achieved its strongest month since November. The index, which covers 50 markets, shed 0.92%.<\/p>\n

U.S. indices closed lower after the S&P 500 hit at a record high on Thursday.<\/p>\n

The Dow Jones Industrial Average fell 185.51 points, or 0.54%, to 33,874.85, the S&P 500 lost 30.3 points, or 0.72%, to 4,181.17 and the Nasdaq Composite dropped 119.87 points, or 0.85%, to 13,962.68.<\/p>\n

Investors have been ebullient in recent weeks although some have questioned the rally\u2019s lightning pace and worry that the economic recovery and fiscal stimulus may already be priced in.<\/p>\n

Traders are starting to focus more on value stocks, said Dennis Dick, a trader at Bright Trading LLC.<\/p>\n

\u201cYou wonder if this is a period where value is going to continue to outperform growth,\u201d he said. \u201cWe didn\u2019t care at all about valuations last year but we\u2019re starting to care about them now.\u201d<\/p>\n

Data on Thursday showed U.S. economic growth accelerated in the first quarter, fueled by massive government aid to households and businesses. On Wednesday, the Federal Reserve gave reassurances that it was not yet ready to discuss changing its easy monetary policy.<\/p>\n

Data showing a 4.2% rebound in U.S. consumer spending in March, amid a 21.1% surge in income as households received additional government aid, supported the dollar.<\/p>\n

The dollar index, a measure of the greenback\u2019s value against a basket of major peers, rose 0.735%.<\/p>\n

However, the index was still heading for its worst monthly performance since July 2020.<\/p>

Slideshow ( 2 images )<\/span><\/figcaption>

U.S. Treasury yields eased as investors purchased the debt to rebalance investor portfolios for month-end, despite fears of higher inflation as businesses reopen.<\/p>\n

Benchmark 10-year notes last rose 4\/32 in price to yield 1.6276%, from 1.64% late on Thursday.<\/p>\n

With just over a half of S&P 500 companies reporting earnings, about 87% beat market expectations, according to Refinitiv, the highest level in recent years.<\/p>\n

\u201cThe Federal Reserve continues to support, Biden has this huge stimulus program as well and … so far we have seen relatively benign as well as strong earnings,\u201d said Eddie Cheng, head of international multi-asset portfolio management at Wells Fargo Asset Management.<\/p>\n

For both the MSCI world index and the S&P 500, analysts are expecting earnings to recover in the next 12 months to above pre-pandemic levels.<\/p>\n

European stocks ended lower after dismal economic data stalled optimism about the recovery, but notched a third straight month of gains.<\/p>\n

The pan-regional STOXX 600 index fell 0.3%, hovering below its all-time high and ending the month 1.8% higher.<\/p>\n

Euro zone GDP data showed a year-on-year drop of 1.8% in the first quarter, stronger than expectations of a 2% fall.<\/p>\n

\u201cThere is increasingly bright light at the end of the tunnel,\u201d Commerzbank analysts said.<\/p>\n

\u201cThe speed of the vaccinations is picking up and the EU recovery fund is also finally getting off the ground.\u201d<\/p>\n

Graphic: Euro zone economic growth and stocks –<\/p>\n

New coronavirus infections in India surged to a record, however, and France\u2019s health minister said dangers of the COVID-19 variant present in India must not be underestimated.<\/p>\n

\u201cRisky assets have had quite a few wobbles within the month. … this is not going to be a straight line,\u201d said Cheng.<\/p>\n

The euro fell 0.80% following the euro zone data. In the previous session, the single currency had extended its bull run to a two-month high of $1.2150.<\/p>\n

\u201cThe euro is more sensitive to the European economic outlook, than to (what) happens in the U.S.,\u201d said Kit Juckes, head of FX strategy at Societe Generale.<\/p>\n

Oil prices fell on concerns about wider lockdowns in India and Brazil.<\/p>\n

Brent crude futures settled down $1.30, or 1.9%, at $67.26 a barrel. U.S. crude futures settled down $1.47, or 2.26%, at $63.54 per barrel.<\/p>\n

U.S. crude futures settled at $63.58 per barrel, down 2.2%. Brent crude futures settled at<\/p>\n

Spot gold dropped 0.3% to $1,766.89 an ounce. U.S. gold futures settled 0.14% lower at $1,767.30 an ounce.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

NEW YORK (Reuters) – World shares fell<\/p>\n","protected":false},"author":3,"featured_media":123326,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"\nWorld shares off record peak; dollar rises - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/world-shares-off-record-peak-dollar-rises\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World shares off record peak; dollar rises - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"NEW YORK (Reuters) – World shares fell\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/business\/world-shares-off-record-peak-dollar-rises\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-30T22:43:38+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/04\/World-shares-off-record-peak-dollar-rises.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/business\/world-shares-off-record-peak-dollar-rises\/\",\"url\":\"https:\/\/precoinnews.com\/business\/world-shares-off-record-peak-dollar-rises\/\",\"name\":\"World shares off record peak; dollar rises - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-04-30T22:43:38+00:00\",\"dateModified\":\"2021-04-30T22:43:38+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/business\/world-shares-off-record-peak-dollar-rises\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/business\/world-shares-off-record-peak-dollar-rises\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/business\/world-shares-off-record-peak-dollar-rises\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\/\/precoinnews.com\/category\/business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"World shares off record peak; dollar rises\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"World shares off record peak; dollar rises - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/business\/world-shares-off-record-peak-dollar-rises\/","og_locale":"en_US","og_type":"article","og_title":"World shares off record peak; dollar rises - Pre Coin News","og_description":"NEW YORK (Reuters) – World shares fell","og_url":"https:\/\/precoinnews.com\/business\/world-shares-off-record-peak-dollar-rises\/","og_site_name":"Pre Coin News","article_published_time":"2021-04-30T22:43:38+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/04\/World-shares-off-record-peak-dollar-rises.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/business\/world-shares-off-record-peak-dollar-rises\/","url":"https:\/\/precoinnews.com\/business\/world-shares-off-record-peak-dollar-rises\/","name":"World shares off record peak; dollar rises - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2021-04-30T22:43:38+00:00","dateModified":"2021-04-30T22:43:38+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/business\/world-shares-off-record-peak-dollar-rises\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/business\/world-shares-off-record-peak-dollar-rises\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/business\/world-shares-off-record-peak-dollar-rises\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/precoinnews.com\/category\/business\/"},{"@type":"ListItem","position":3,"name":"World shares off record peak; dollar rises"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/123327"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=123327"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/123327\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/123326"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=123327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=123327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=123327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}