Stimulus and jobs news
Stocks held near record highs on Friday as investors waited to see if US payroll figures will alter their bets on when central banks row back on pandemic stimulus and whether inflation is here to stay, Reuters report.
The STOXX index of 600 leading European companies was up 0.5% at 458 points, just over two points below last month’s lifetime high.
Chipmakers were a bright spot, with ASML Holding up 1% after Micron Technology Inc said it plans to start using ASML EUV machines in production in 2024. ASM International rose 1.35% as it forecast higher order intake in the second quarter.
MSCI’s All Country World index was little changed, just below its all-time high hit earlier this week.
“The market is generally nervous with equity prices like the S&P500 being up at all-time highs, and there’s a general sense of there is a pullback coming, but when is it going to be and what’s the catalyst,” said Giles Coghlan, chief currency…