Market Overview - Page 173

President Joe Biden will roll out a plan to raise taxes on the wealthiest Americans, including the largest-ever increase in levies on investment gains, to fund about $1 trillion in childcare, universal pre-kindergarten education and paid leave for workers, sources.

India needs a brief but extensive lockdown to break the chain of coronavirus transmission and allow the medical community to recuperate, according to the national president of the Indian Medical Association. The South Asian nation is going through a disastrous.

The GBP has halted its decline against the dollar on strong retail sales data for March. The Office for National Statistics reported a 5.4% m/m rise in sales last month and a 7.2% rise on the same month a year.

The global economy will recover this year from its coronavirus slump at a pace not seen since the 1970s as strong momentum builds in most major economies, according to Reuters polls of over 500 economists. That optimism was largely led.

Scientists at Texas A&M University’s Global Health Research Complex say they’ve detected a new Covid-19 variant that shows signs of a more contagious strain that causes more severe illness and appears to be resistant to antibodies. The new variant, BV-1,.

The ECB kept policy unchanged, which helped the euro develop intraday gains right up to Lagarde’s press conference. However, the European Central Bank president’s comments should be seen as very dovish, weighing on the euro’s strength. It won’t be surprising.

Stocks in Asia-Pacific were mixed in Friday morning trade following an overnight drop on Wall Street. The Nikkei 225 in Japan fell 0.63% in morning trade while the Topix index shed 0.39%. Earlier, the Nikkei 225 had fallen more than.

The U.S., Canada and U.K. are among some of the high-income countries actively blocking a patent-waiver proposal designed to boost the global production of Covid-19 vaccines. It comes as coronavirus cases worldwide surge to their highest level so far and.

Buyers dominated the US markets on Wednesday, which explains the surge in Asian markets on Thursday morning. Previously, we pointed out that the drawdown from the beginning of the week promises to be short-lived. It affected too narrow a spectrum.

Britain is showing signs of economic recovery from the COVID-19 pandemic as it gradually relaxes its latest lockdown measures, according to a range of timely and forward-looking indicators. The world’s fifth-biggest economy shrank by almost 10% in 2020, a more.

Daniel Dines struggled with life in the U.S. after leaving his native Romania in 2001 to work for Microsoft Corp., but the experience created the foundation for one of the world’s biggest fortunes. The software programmer returned to his homeland.

More and more strategists believe investors are underestimating the outlook for consumer prices. David Roche, president of investment firm Independent Strategy, is among them. He told CNBC on Wednesday that the U.S. inflation rate, which stood at 2.6% in March.