Market Overview - Page 178

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.

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.