Us Stimulus News Today

World Bank president David Malpass’ criticism of China’s reluctance to deliver more economic stimulus during the current international slowdown has been rubbished by Chinese economists, who say his criticism is ‘ungrounded’.

The sooner the central government starts giving out Hong Kong- and US-style consumption vouchers, the better, according to economists.

The US president praised Powell for his response to the covid-19 pandemic, and will nominate Lael Brainard as vice chair.

Three factors have been driving US inflation – energy prices, production bottlenecks and aggressive stimulus programmes. But as these risks subside in the next two to three quarters, investors cannot afford to be complacent, given high equity valuations and the hot property markets.

The greenbacks decline was accelerated by the flight of global investors who seek safer assets.

Oil extends gains as economy outweighs Iran supply concerns

In the opening bell of Friday, Sensex was eying 51,500-mark. While Nifty 50 was racing towards 15,500-level.

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Euro hovering just shy of 1.20 Posted 7 hours agoSharePrint EUR/USD continues to show limited movement, as it remains just below the symbolic 1.20 level. Currently, the pair is trading at 1.1981, up 0.14% on the day. The euro continues to put pressure on this line, which has held since March 4th. Inflation in the eurozone remains below the ECB target of around 2%, but pent-up demand after months of lockdowns across western Europe means that inflation is moving higher. Eurozone CPI (YoY) rose 1....

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