Canadian shares ended at record territory on Friday to deliver the third weekly gain, driven by another rally in the heavyweight materials sector. Gold prices extended their upward momentum, hovering near seven-week highs and pushing shares of precious metal miners deep into the green. On the data front, the latest figures showed Canadian investors acquired $10.5 billion of foreign securities in February, continuing a trend of net purchases that began in May 2020. goeasy Ltd and Canfor Corp were among the biggest gainers on the TSX, up 9.0% and 7.1%, respectively.
道琼斯指数和标准普尔500指数收盘创新高，因对经济强劲复苏的乐观情绪以及第一季度财报季高调开盘，华尔街本周收官强劲。美国住房开工率升至2006年以来最高水平，而周四公布的数据显示，消费者支出和就业市场均出现强劲反弹。在企业方面，摩根士丹利（Morgan Stanley）继同行摩根大通（JPMorgan Chase）、美国银行（bank of America）、富国银行（Wells Fargo）、花旗集团（Citigroup）和高盛（Goldman Sachs）取得积极业绩后，成为最新公布强劲盈利的银行。除此之外，美联储（federalreserve）承诺，尽管经济前景如此好转，但仍将维持低利率，令市场情绪继续高涨。
The Dow Jones and S&P 500 finished at fresh records, as Wall Street wrapped up the week with solid gains amid optimism about a robust economic recovery and as the first-quarter earnings season started on a high note. Housing starts in the US rose to the highest level since 2006, while data released on Thursday pointed to a strong rebound in both consumer spending and the jobs market. On the corporate front, Morgan Stanley became the latest bank to report strong earnings, following positive results from its peers JPMorgan Chase, Bank of America, Wells Fargo, Citigroup and Goldman Sachs. On top of that, the Federal Reserve's pledge to keep interest rates low despite such an improved economic outlook kept sentiment elevated.
The dollar index lost significant ground this week, moving away from the 92 region to break below 91.50 for the first time in a month. The market moves came in tandem with a retracement in Treasury yields, which bottomed around monthly lows of 1.55%. On top of that, the ongoing outperformance of the US economy failed to offer lasting support. A slew of data releases in the US calendar, including upbeat retail and jobless claims data, drove investors into riskier assets. Aside from the economic indicators, the Federal Reserve’s insistence that it will keep financial conditions as lenient as possible until the US economy heals from the effects of the coronavirus pandemic seems to be making it difficult for the greenback to attract new investors.
The CAC 40 extended gains for the fourth straight session to close 53 points or 0.9% higher at 6,287 on Friday, a level not seen since November of 2000 and in line with its European peers, as investors focused on upbeat economic data in the US and China. On the vaccination front, the French Health Minister said virtually all seniors living in retirement care homes have received one shot of the coronavirus vaccines, which has cut fatalities in retirement homes down to 300 per week, from 700 weekly deaths in January. On the pandemic front, the government expects to reopen cultural and leisure venues in mid-May, while the country’s COVID-19 death toll hits 100 thousand. On the data front, car registrations in France soared 192% in March from a year earlier. On the earnings front, L’Oreal posted a 5.4% jump in Q1 sales from a year earlier, with increases seen in most of its divisions, while consumer products such as make-up lagged behind. For the week, the index jumped 2%.
Producer prices in Russia soared 16 percent year-on-year in March of 2021, accelerating from a 10.7 percent jump in the previous month. It was the biggest increase in producer prices since November of 2018, as prices advanced faster for manufacturing (14.4 percent vs 12.1 percent in February); mining (28 percent vs 9.9 percent); and water supply (3.8 percent vs 3.4 percent). Meantime, electricity, gas, steam & air conditioning cost slowed (4.7 percent vs 5.2 percent) On a monthly basis, producer prices advanced 3.6 percent, following a 3.5 percent gain in February.