France on Tuesday (27 April) called on the EU Commission to expedite its approval of massive spending plans designed to prop up the bloc's economies hobbled by COVID-19 restrictions.
by Tyler Durden
Tuesday, Apr 27, 2021 - 07:46 AM
For the second day in a row, U.S. equity futures are starting the day barely changed, up just 0.1% and at new all time highs, alongside Treasury yields as earnings reports added to positive sentiment regarding an economic recovery in the developed world despite some disappointment in the latest TSLA results. The S&P 500 and the Nasdaq closed at record levels on Monday, with the tech-heavy Nasdaq completing a full recovery from its 11% correction that began in February.
At 07:15 a.m. ET, Dow E-minis were up 12 points, or 0.04%, S&P 500 E-minis were up 4.5 points or 0.1% to 4,184, trimming earlier gains that pushed the Emini as high as 4,192.5, and Nasdaq 100 E-minis were up 20 points, or 0.14%.
France s Le Maire says too much time lost for EU recovery plan Reuters 1 hr ago
PARIS, April 27 (Reuters) - The European Union has lost too much time rolling out its 750 billion euro recovery fund since it was approved last July, French Finance Minister Bruno Le Maire said on Tuesday. We were very efficient last year in the adoption of the European Recovery Plan and on the decision on common debt issuance. Since then, we have lost too much time. China has resumed its growth, the US is booming, the EU must remain in the race, Le Maire said at a joint press conference with this German counterpart. (Reporting by Leight Thomas, Editing by GV De Clercq)