Page 4 - Us Stimulus News Today

An instant gratification retreat US dollar rises, equities ease Whether the end of last week was a bit slow news-wise, an inauguration comedown, or just investors reducing risk exposure in their portfolios, financial markets limped across the finish line. Stocks and commodities eased, and on currency markets, the US dollar managed to climb for the first time in three days. A similar tone is pervading Asian markets again this morning with the news wires carrying stories about vaccine delays and ...

Stock market correction coming after extreme rally, inflows: Bank of America World stocks have soared 77% from March lows, led by the United States due to unprecedented economic stimulus (REUTERS)Premium . Updated: 22 Jan 2021, 03:48 PM IST Reuters With the US Federal Reserves balance sheet hitting 42% and US budget deficit bulging to 33% of GDP, BofA said policy bubble was fuelling Wall Streets asset price bubble Share Via Read Full Story Investors once again stormed into stocks last week w...

US dollar retreats on stimulus hopes January 22, 2021SharePrint The dollar wilts before the stimulus trade The US dollar index retreated overnight as markets continued to rotate out of US dollars and into global recovery facing commodity and Asian currencies. The dollar index fell 0.40% to 90.04, leaving it squarely in the middle of its 89.00 to 91.00 two-month range. The euro was unmoved by an unchanged ECB and continues to range trade, awaiting its next directional move. Sterling rose 0.60%, ...

Read more about Budget, US stimulus: 5 factors that could help market after scaling 50,000 on Business Standard. Business Standard looks at five key factors that market players believe could have a bearing on the market movement in the near term

Read more about Oil above $56 on US stimulus hopes ahead of Joe Biden inauguration on Business Standard. US Treasury Secretary nominee Janet Yellen on Tuesday urged lawmakers to "act big" on pandemic relief spending

Asian stocks higher on Yellen testimony January 20, 2021SharePrint Asian equities edge higher on stimulus story Incoming Treasury Secretary Janet Yellen made all the right noises as far as Wall Street was concerned at her confirmation hearing overnight. Wall Street responded overnight with a thumbs-up, buying equities and selling the US dollar. They wanted to hear more stimulus, and Ms Yellen delivered 1.9 trillion reasons on that front. The financial markets chose to ignore what they didn’t...

Yellen stimulates markets Yellen says more stimulus on its way Wall Street got back to business as usual overnight, buying equities and selling the US dollar as Janet Yellen, in her Treasury Secretary selection testimony, told them everything they wanted to hear. They wanted to hear more stimulus, and Ms Yellen delivered 1.9 trillion reasons on that front. As is financial markets wont, however, they ignored what didn’t fit that narrative. Namely, taxes would rise on corporations and the rich,...

The proposed aid package includes $415 billion to bolster the U.S. response to the virus and the rollout of COVID-19 vaccines, some $1 trillion in direct relief to households.

Oil flat, gold under pressure January 19, 2021SharePrint Oil barely changed in Asia Oil prices barely moved overnight with trading curtailed by the US public holiday. Like other asset classes, oil has received a gentle US stimulus tailwind in Asia, with both Brent and WTI futures moving modestly higher. Brent crude has risen 0.55% to USD55.00 a barrel, and WTI has risen 0.40% to USD52.25 a barrel. Further dollar strength could extend oil’s correction lower—the USD53.00 a barrel level being ...

Janet Yellen pushes GOP senators on $1.9-trillion pandemic relief package Martin Crutsinger Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file ... This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer Anna Moneymaker/Getty Images Janet Yellen, U.S. president-elect Joe Biden’s choice as Treasury secretary, said Tuesday the incoming administration would f...