Global markets rally narrowly as tech earnings outweigh inflation warnings

4 articles · Updated · Reuters · May 1

Wall Street gains were led by Caterpillar's near-10% jump and Apple's 1.9% after-hours rise, while Brent July crude stayed above $111 after peaking at $126.41.
Goldman Sachs said the rally was among the narrowest on record, driven mainly by semiconductors, IT and communications, even as the ECB, BoE and Fed signalled persistent inflation risks.
Japan's latest yen intervention briefly pushed the dollar to 155.50, but it rebounded above 157, underscoring pressure from high oil prices, a wider trade deficit and possible further dollar selling.

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