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Tesla, Inc. fell 2% before the day and was again subject to additional review by the National Transportation Safety Board because of the accident.
Tesla, Inc. (TSLA.O) fell 2% before trading and was again subject to additional review by the National Transportation Safety Board because of the accident.
Japan's initial GDP in the second quarter grew at an annualised rate of 1.3% compared with the previous quarter and is expected to grow by 0.5%.
The Cabinet Office of Japan released initial data on gross domestic product (GDP). Japan's GDP grew 0.3% month-on-quarter in the second quarter and is expected to grow 0.1%. GDP grew 7.5% year-on-year. Nominal GDP rose 0.1 per cent month-on-month, with an estimated decline of 0.3 per cent. Private consumption increased by 0.8% month-on-month, which is expected to be flat. Corporate spending increased by 1.7% month-on-month, with an estimated increase of 1.3%.
At one point, Kia shares rose more than 6%. It was reported that it was still possible to cooperate with Apple Inc.
Kia shares soared more than 6 per cent in early trading on Friday after a South Korean news website reported that the possibility of the company building a car in partnership with Apple Inc still existed. Apple Inc and Kia signed a memorandum of understanding last year agreeing to cooperate in eight areas, including electric vehicles, and negotiations on electric vehicles have not been completely cancelled, the report said. Hyundai Motor Group, Kia's parent company, is still in talks with Apple Inc, according to a source who spoke on condition of anonymity. Hyundai said earlier this month that it was not in talks with Apple Inc on self-driving electric vehicles. A month earlier, the company had confirmed that
Goldman Sachs Group: although the yield on US debt has risen, the US dollar is still expected to fall.
Goldman Sachs Group believes that despite the general rise in global bond yields, the dollar is still expected to fall against Gmur10 and emerging market currencies. Goldman Sachs Group said in the research report that as long as US short-term interest rates remain low and other curves are changing, the dollar may still be under pressure. The dollar is also expected to fall against emerging market currencies as falling bond yields are constrained by valuations and rapid global growth will be driven by vaccinations and economic reopening over the next six months. Goldman Sachs Group pointed out that in terms of bonds, similar to the "undersize panic" in 2013, global real interest rates rose more than expected, which constituted Goldman Sachs Group's internal point of view.
Japan's industrial output rose 4.2% in January from a month earlier, the first increase in three months.
Industrial output rose 4.2 per cent in January from a month earlier, the first increase in three months, thanks to a sharp increase in production of electronic components and general machinery, as well as a small increase in car production, according to figures released by Japan's Ministry of economy, Trade and Industry on Friday. Manufacturers surveyed by Japan's Ministry of economy, Trade and Industry expect industrial output to grow 2.1 per cent in February, but fell 6.1 per cent in March. The Japanese government has maintained its assessment of industrial production, saying it is picking up. Another set of data released by the Japanese government on Friday showed that retail sales fell 2.4% in January from a year earlier, the second consecutive month of decline in response to the epidemic.
JPMorgan Chase & Co: the rise in bond yields is a "health sign"
The recent surge in bond yields has spooked global markets, but JPMorgan Chase & Co's private banking sector said it could be a reflection of "growth optimism" as the global economy rebounded from the novel coronavirus pandemic. "if you take into account rising bond yields or stronger economic growth, or even a little bit of inflation at this point in the cycle-these are signs of health," Julia Wang, executive director and global market strategist, said on Wednesday. Her comments come amid growing concern among some investors about the recent rise in bond yields. For example, benchmark
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