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Asia shares perk up as receding inflation fears lift Wall Street By Reuters

By Kevin Buckland TOKYO (Reuters) - Asian stocks rose on Friday, setting the region up for a weekly gain, as investors tempered fears about hot inflation and the prospects of an early tapering of stimulus by the Federal Reserve. Japan's Nikkei jumped 1%, while MSCI's broadest index of Asia-Pacific shares outside Japan added 0.6%. Taiwan's tech-heavy stock index climbed 1.8%, leading gains in the region, while Chinese blue chips added 0.3%. For the week, an index of stocks across Asia-Pacific was set for a 1.9% advance. Futures pointed to a further 0.3% rise for the S&P...

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Industrials push FTSE 100 higher; Trainline slumps By Reuters

By Shivani Kumaresan and Devik Jain (Reuters) -Gains in industrial stocks helped London's FTSE 100 bounce back on Thursday from its worst daily performance in a week, while shares of Trainline slumped to the bottom of the mid-cap index as the U.K. reorganised its railway system. The blue-chip index rose 1%, with Experian jumping 4.7% to the top of the index, a day after its upbeat quarterly revenue forecast. The wider industrial index added 2.4%. Banks and healthcare stocks, including HSBC Holdings (LON:HSBA), Prudential (LON:PRU) Plc, AstraZeneca (NASDAQ:AZN) Plc and Smith &...

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Bitcoin Pares Gains Amid U.S. Treasury Crypto Tax Crackdown By Investing.com

By Yasin Ebrahim  Bitcoin cut some its gains Thursday as the Treasury Department said it would require that any transfer worth $10,000 or more to be reported to the Internal Revenue Service. BTC/USD rose 6.78%, to $39,928, but had traded as high as $42,425.  “As with cash transactions, businesses that receive cryptoassets with a fair-market value of more than $10,000 would also be reported on,” the Treasury Department said in a report on tax-enforcement proposals released Thursday. The announcement arrived a day after billions of dollars was wiped off the total crypto market, led by a...

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Pfizer, BioNTech Gain On Signing Deal With EU For 1.8 Billion More Doses By Investing.com

By Dhirendra Tripathi Investing.com – Pfizer (NYSE:PFE) and BioNTech SE (NASDAQ:BNTX), joint developers of a Covid-19 vaccine, were both up Thursday after the two reached an agreement with the European Union to supply up to 1.8 billion more doses of the shot. The first supply will comprise 900 million shots with an option for the bloc to request as many doses again. This new agreement is in addition to the 600 million doses that have already been committed to the EU through 2021. The first lot is expected to be delivered monthly...

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S&P 500 Rallies as Rebound in Tech Continues By Investing.com

By Yasin Ebrahim Investing.com – The S&P 500 climbed Thursday as tech continued its rebound from a day earlier, with chips and mega-cap tech stocks leading to the upside.  The S&P 500 rose 1.06%, the Dow Jones Industrial Average gained 0.65%, or 219 points,  and the Nasdaq Composite gained 1.61%. Tech was up more than 1% amid improving investor appetite for growth following weeks of pressure. Apple (NASDAQ:AAPL), Facebook (NASDAQ:FB), and Microsoft (NASDAQ:MSFT), Google-parent Alphabet (NASDAQ:GOOGL) and Amazon.com (NASDAQ:AMZN) rose more than 1%. The iShares PHLX Semiconductor ETF (NASDAQ:SOXX) continued to rack up gains, with NVIDIA (NASDAQ:NVDA) and...

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BigCommerce Eyes Global Growth in Online Sales Boom By Investing.com

By Christiana Sciaudone Investing.com -- Like many other IPOs of 2020, BigCommerce Holdings Inc (NASDAQ:BIGC) was received with a bang, with shares almost tripling on the first day of trading.  The Software as a Service (SaaS) ecommerce platform company is down more than 35% since then, partly because of skepticism over upcoming comparables (with so many vendors going online, it had a pretty good 2020) and partly because anything in the growth and tech space has gotten beaten up amid the reopening -- the Nasdaq 100 has underperformed the S&P 500 so far this year.  But for...

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Britain told to ‘go into battle’ for the City of London By Reuters

By Huw Jones LONDON (Reuters) - Britain should "go into battle" for the City of London after Brexit to strengthen its role as a globally open market that does not take rules from a "protectionist" European Union, a think-tank said in a paper published on Friday. "The City has suffered from benign neglect, and now needs the government to go into battle for it," economist Gerard Lyons said in his paper for Policy Exchange. "A vision and strategy is needed for the City," said Lyons, a former chief economic adviser to Boris Johnson, now...

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Home Sales, Deere, South Korea: 3 Things to Watch By Investing.com

By Christiana Sciaudone Investing.com -- Markets bounced back today thanks to those cheeky tech stocks. The taper game is in full swing, with indications on Wednesday that the Fed's starting to think about tapering bond purchases being countered by weak job numbers for April, themselves going contrary to the jobless claims that came out at the lowest yet in the pandemic earlier today.  Bitcoin cut gains after the Treasury Department said it would require that any transfer worth $10,000 or more be reported to the Internal Revenue Service. In case you missed it, yesterday, billions of...

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Applied Materials Offers Upbeat Outlook Following Q2 Results Beat By Investing.com

By Yasin Ebrahim Applied Materials (NASDAQ:AMAT) reported Thursday fiscal second-quarter results that beat analysts' forecasts, and delivered a stronger outlook on the third quarter amid increasing chip demand. The company guided Q3 adjusted EPS in a range of $1.70 to $1.82 on net sales of approximately $5.92B, give or take $200M, topping consensus of $1.55 and $5.53 billion, respectively. Applied Materials announced earnings per share of $1.63 on revenue of $5.58B. Analysts polled by Investing.com anticipated EPS of $1.51 on revenue of $5.4B. “We are confident in our ability to outperform our markets as large, secular...

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Thiele family sold more than half its stake in Lufthansa By Reuters

(Reuters) -The Thiele family, Deutsche Lufthansa (DE:LHAG) AG's second-largest shareholder, sold more than half of its stake in the airline group following the death of Heinz Hermann Thiele, the bookrunner said in a statement on Thursday. KB Holding GmbH, Thiele family's investment vehicle, sold 33 million of its 60 million shares, the statement said, at a placement price of 9.80 euros per share. The placement price represented about 10 percent discount to Thursday's closing price of 10.8680 euros and made the sale worth 323.4 million euros ($395.42 million). Heinz Hermann Thiele, majority owner of German braking...

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