Market Overview - Page 172

U.S. equities headed for all-time highs amid solid corporate earnings and confidence that the Federal Reserve will remain accommodative even as robust growth takes the world’s largest economy back to pre-pandemic levels. The S&P 500 rose after notching its first.

States like New Jersey and New York have increased taxes on the wealthy to balance their budgets. This, according to analysts, could harm them in the long run. “This for a relatively small revenue hole has the potential to become.

The European Union confirmed Monday it’s taking legal action against AstraZeneca over shortfalls in the deliveries of its coronavirus vaccine. “Our priority is to ensure Covid-19 vaccine deliveries take place to protect the health of European Union,” the EU’s commissioner.

So far in his young presidency, President Joe Biden has been one of the best friends the stock market has ever had. Better, in fact, than any president before him going back to at least the 1950s and the Dwight.

Goldman Sachs has upgraded its forecasts for the U.K. economy in 2021, and now sees it outpacing the U.S. The U.K.‘s flash composite purchasing managers’ index reading for April surged to 60 from 56.4 in March, its highest level since.

A top European Union official said Sunday that Americans who have been vaccinated against COVID-19 should be able to travel to Europe by summer, easing existing travel restrictions. European Commission President Ursula von der Leyen told The New York Times.

The 10-year Treasury Note yield may be on the verge of breaking out of its slump. After stabilizing over the past several weeks, Wells Fargo Securities’ Michael Schumacher predicts the current risk backdrop will re-energize yields in the coming weeks..

Futures contracts tied to the major U.S. stock indexes were mostly flat early Monday as investors braced for one of the busiest weeks of the first-quarter earnings season. Contracts linked to the Dow and the S&P 500 hovered around the.

Singapore’s three largest banks are expected to report improved earnings as the global economy recovers from the Covid-19 pandemic, said analysts. The banks are scheduled to release first-quarter earnings in the coming days. The largest of the trio, DBS Group.

India reported a record number of Covid-19 cases for the fifth straight day on Monday while the official death toll also jumped. Official data showed there were 352,991 new reported cases over a 24-hour period as total infection numbers crossed.

After a minor shake-up last week, the buying and selling of equities and other risky assets in USD returned to the markets. The S&P500 and Dow Jones 30 futures are cruising near historic highs, having found buyers on the slight.

Corporate earnings season is off to a flying start, but the positive surprises have so far failed to generate upward momentum for global stock markets. As of Friday morning, 13% of companies in Europe and 20% in the U.S. had.