Market Overview - Page 174

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.

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.