10 Apr 2021 / 09:00 H. Euro zone factory PMI at survey high in March Japan, South Korea see manufacturing activity expand China s private PMI expands at slower pace, recovery intact Rising input costs and supply-chain issues cloud outlook (Adds European data, comment)
By Jonathan Cable and Leika Kihara
LONDON/TOKYO, April 1 (Reuters) - Factories across Europe and Asia ramped up production in March as a solid recovery in demand helped manufacturers move past the setbacks of the pandemic, although escalating costs and supply- chain disruptions were creating challenges and driving prices.
A series of upbeat factory surveys released on Thursday reinforced market optimism that vaccine rollouts, as well as strong growth in global powerhouses like the United States and China, would help economies emerge from their sharp downturns of 2020.
10 Apr 2021 / 09:01 H.
By Alwyn Scott
NEW YORK, April 1 (Reuters) - Asian markets were set to open higher on Friday in a holiday-lightened trading session, riding a surge of strong factory data and falling bold yields that pushed U.S. and European benchmark stock indexes to record highs.
U.S. President Joe Biden s $2.3 trillion plan to rebuild America s crumbling infrastructure added to the enthusiasm for risk assets, as did accelerating vaccine rollouts.
The China Financial Futures Exchange CIS 300 Index Futures index was up 1.76%, the Nikkei futures index was up 1.23% and E-Mini S&P 500 futures index was up 1.18%. Australia, New Zealand, Hong Kong and Singapore were among the Asian countries observing the Good Friday holiday.
by Tyler Durden
Thursday, Apr 08, 2021 - 03:50 PM
Over the weekend, we explained why both Goldman and JPM expect economic activity in April and May to top
Anything We ll See In Our Careers , on the back of four main factors: i) continued stimulus injections, ii) $1.5tn in excess savings, which Goldman expects that to rise to about $2.4tn, or 11% of GDP, iii) a record share of respondents planning to purchase a home in the coming months, and iv) $4.44 trilion currently sitting in US money market fund.
But what happens then. Will the record stimulus tailwind - and soaring inpuct costs - become a margin-crushing headwind which will hammer the economy in the second half?
April 08, 2021 00:02 IST
Updated:
April 08, 2021 00:02 IST
Updated:
April 08, 2021 00:36 IST
The RBI cannot afford to drop its guard on price stability while in search of growth
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The RBI cannot afford to drop its guard on price stability while in search of growth
Armed with a renewed mandate to contain inflation within a 2 percentage point range of the target 4%, and mindful of the pandemic’s latest wave, the RBI’s monetary policy committee has opted to reaffirm its growth-supportive “accommodative stance” and keep interest rates unchanged. The MPC, which met for the first time in the new financial year, also maintained its projection for GDP expansion in the current fiscal at 10.5%, notwithstanding the risks to the forecast from the current upsurge in novel coronavirus cases and associated localised lockdowns. Explaining the rationale for its policy stance of being prepared to stay accommodative for ‘as long as necessary’ to ensure that econom
Non-monetary measures eyed to curb inflation mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.