Market Overview - Page 173

Markets are trading flat in anticipation of Fed Chairman Powell’s speech. FOMC comments and hints of future policy changes could also shape the dollar over the coming months. Market observers are once again cautiously waiting for a change in the.

Oil prices rose on Tuesday as OPEC+ sources said the producer group would stick to existing plans to boost oil output slightly from May 1, suggesting they do not see a lasting impact on demand from India’s coronavirus crisis. The.

U.S. consumer confidence jumped to a 14-month high in April as increased vaccination against COVID-19 and additional fiscal stimulus allowed for more services businesses to reopen, boosting demand and hiring by companies. The upbeat survey from the Conference Board on.

President Joe Biden is expected to pitch a higher capital gains tax this week to raise funds for his economic agenda. But the policy would lose the U.S. billions in revenue if it doesn’t also scrap a tax break for.

This week’s Federal Reserve meeting could be the last before the central bank sets the stage for how and when it will start to roll back the extraordinary easing policies it adopted to fight the pandemic. Fed officials are not.

The S&P 500 hovered near its record level on Tuesday as investors braced for a big batch of tech earnings. The broad equity benchmark traded near the flatline after hitting a record high in the previous session. The Dow Jones.

House prices in the USA are developing their acceleration. In February, the Federal Housing Finance Agency price index renewed its record growth rate to the same month a year earlier, rising to 12.3%. From the S&P source, the price index.

The US S&P500 closed Monday at historic highs. Its futures also remain near record highs, while Asia-Pacific indices are losing 0.15%, unable to support America’s positive sentiment. April last year was the best month since 1987, recording a rise of.

With the resumption of global travel on the horizon, some people are discovering that their choice of vaccine could determine where they’re allowed to go. Already, the European Union is planning to allow Americans vaccinated with shots approved by their.

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.