Tuesday, 13 April 2021

Daily Investor Update: S&P 500, Nasdaq up on tech gains; unfazed by vaccine pause, inflation

S&P 500, Nasdaq up on tech gains; unfazed by vaccine pause, inflation

(Reuters) -The S&P 500 hit an intraday record high on Tuesday and the Nasdaq composite index jumped as investors flocked to tech-related stocks, and markets took the halt in Johnson & Johnson's COVID-19 vaccine rollout and strong U.S. inflation in stride.

Chinese, U.S. luxury lovers power rebound at LVMH

Sales at French luxury goods group LVMH bounced back far more quickly than expected in early 2021, carried by demand for Louis Vuitton handbags and Dior products as Chinese and U.S. shoppers made the most of an easing of COVID-19 restrictions.

Global stocks rise after U.S. inflation not seen rising

NEW YORK (Reuters) -A gauge of global shares rose to record highs on Tuesday, led by surging technology-related stocks, as Treasury bond yields eased after U.S. consumer price data for March showed the pace of inflation was not rising wildly.

Dislodged ship held in Suez Canal as talks continue over $916 million claim

CAIRO (Reuters) -A ship that blocked the Suez Canal for almost a week in March is being held in the waterway as canal authorities pursue a $916 million compensation claim against the ship's Japanese owner, one of the vessel's insurers and canal sources said on Tuesday.

Aon's EU concessions for $30 billion Willis bid may not be enough: sources

Insurance broker Aon's offer to sell assets in five EU countries and takeover target Willis Towers Watson's reinsurance arm may not be enough to address EU competition concerns, people familiar with the matter said on Tuesday.

Boeing delivers 29 aircraft in March; orders positive for second straight month

Boeing Co said on Tuesday it delivered 29 aircraft in March, up from 20 a year earlier, with the U.S. planemaker's net orders staying positive for the second straight month as airlines get ready for a recovery from the COVID-19 pandemic.

Analysis: U.S. money market funds, advocates, stake out positions as crackdown looms

Market participants this week staked out their positions on how to fix systemic risks in the $4.9 trillion U.S. money market fund industry, in what is shaping up to be the first big fight for U.S. President Joe Biden's financial regulators.

Morgan Stanley aims to support $750 billion in low-carbon investments by 2030

Morgan Stanley said on Tuesday it would seek to encourage an additional $750 billion worth of spending on low-carbon solutions by 2030 under a scheme which two years ago targeted $250 billion in investment.

Facebook oversight board widens scope to rule on content left up on platform

(Reuters) -Facebook users will now be able to ask the company's independent oversight board to rule on content that has been left up on the platform, not just content that has been taken down, in a key expansion of the panel's scope.

Forget about meat, France's Avril to focus on plants

French agri-food group Avril has decided to sell its animal processing units to focus acquisitions and investment in its core plant-based business and take advantage of a surge in demand for alternatives to meat.

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