The U.S. economy could see a significant rebound this year thanks to accommodative monetary and fiscal policy, but the labor market still has much room for improvement, Boston Federal Reserve Bank President Eric Rosengren said on Monday. “With labor-market slack still significant, and inflation still below the Federal Reserve’s 2 percent target, my perspective is .
CANBERA (dpa-AFX) - The Japanese yen lost ground against its major counterparts in the Asian session on Tuesday amid rising risk appetite, as China's imports and exports continued their strong
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LONDON (Reuters) -Global stocks were steady on Tuesday as market players awaited U.S. data expected to show a pick-up in inflation, with the dollar also edging higher.
FILE PHOTO: A man rides a bicycle past a screen displaying Nikkei share average and stock indexes outside a brokerage, amid the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan December 30, 2020. REUTERS/Issei Kato/File Photo
The broad Euro STOXX 600 gained 0.2%, hovering near record highs, with export-heavy German shares and Paris both up 0.2%. London shares fell 0.2%.
Investors were focused on U.S. inflation data for March, due at 1230 GMT, with many expecting that an increase in inflation would accelerate recent moves by equity investors to rotate towards cyclical stocks.