Shares falter as US passage of stimulus bill hits Treasuries and tech stocks
Nasdaq and S&P 500 futures slip as MSCI’s broadest index of Asia-Pacific stocks outside Japan falls
08 March 2021 - 07:31
Sydney — Share markets turned mixed on Monday as the US Senate passage of a $1.9-trillion stimulus bill augured well for faster global economic growth, but also put fresh pressure on Treasuries and tech stocks with lofty valuations.
The upbeat economic news continued as China’s exports surged 155% in February compared with a year earlier when much of the economy shut down to fight the coronavirus...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.