The monthly US jobs report will add to the picture of what sort of an economy Joe Biden has inherited since he took over as president, while the Bank of England meets with interest rates just slightly higher than negative territory. India sets its budget for the year and the Super Bowl kicks off to a different advertising backdrop. We also have a first take on gross domestic product in the eurozone and earnings reports from tech titans Amazon and Alphabet, key pharma vaccine participants Pfizer and GlaxoSmithKline, as well as Royal Dutch Shell and low-cost carrier Ryanair.
India budget/air show
Dollar stabilises, Dow struggles
The sell-off in global equities can continue while the greenback can be range-bound
Equity markets across the globe came under pressure last week. The major global indices witnessed a strong sell-off, indicating the end of the strong rally that has been in place since March last year and also signalling the start of a correction.
Indices such as the Dow Jones Industrial Average, the Nikkei 225 and the Shanghai Composite fell over 3 per cent last week.
On the domestic front, the Sensex and the Nifty 50 were beaten down badly and were down over 5 per cent last week.
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