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Asian market rally stalls but vaccine, stimulus hopes lend support | Money

Thursday, 04 Feb 2021 03:43 PM MYT Hong Kong and Shanghai sank more than one per cent initially though they pared the losses as the afternoon wore on.  Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. HONG KONG, Feb 4 Asian markets slipped Thursday as investors took a breather after a broad three-day rally, though upbeat data, stimulus hopes and signs of improvement on the coronavirus and vaccine fronts continued to provide strong support. An upbeat outlook for the global economy pushed oil prices higher, with top producers sounding a note of optimism for demand this year as lockdowns are eased and activities slowly resume.

The Country s Angst Is Seeping Into The Market

The Country s Angst Is Seeping Into The Market  Share   Share Trending There is an odd sense of foreboding in the market lately. I think there is a combination of reasons. In Roman mythology, the Goddess of depression, worry, and mental illness was called Miseria, hence the word misery. There is no doubt as we approach one year of partial and complete lockdowns, everyone feels signs of depression, coupled with grief over the deaths of loved ones and even strangers. To a degree, the stock market has been a shield from the madness of our current condition. In its natural role, the stock market is a harbinger of the future, and we all know the future will be brighter.

Fed s Bullard sees very strong U S economic growth as pandemic eases in 2021

By Reuters Staff 2 Min Read FILE PHOTO: St. Louis Federal Reserve Bank President James Bullard speaks at a public lecture in Singapore October 8, 2018. REUTERS/Edgar Su/File Photo WASHINGTON (Reuters) - The coronavirus pandemic should ease over the first half of the year and give way to “very strong” U.S. economic growth during 2021, St. Louis Fed President James Bullard said on Wednesday. “The health crisis will wane in the months ahead” as more people are vaccinated, Bullard said. As it does, families will be able to tap an “exceptionally high” level of savings and financial resources in hand after a year in which government programs pumped trillions of dollars into the economy.

Fed s Bullard: Expecting strong GDP growth in 2021 with pandemic easing in H1

Feb 3, 2021 19:12 GMTFXStreet News St. Louis Fed President James Bullard said on Wednesday that he expects to see very strong GDP growth in 2021 as the coronavirus pandemic eases over the first half of the day, as reported by Reuters. Additional takeaways “Seeing the unemployment rate as low as 4.8% in coming months versus the current 6.7%.” “Virus mutation that defeats the vaccine is a tangible risk to the positive scenario.” “Move higher in market-based inflation expectations is a welcome development for the Fed.” Market reaction The US Dollar Index showed no immediate reaction to these remarks and was last seen posting small daily losses at 91.14.Get the 5 most predictable currency pairs

Key Events In The Coming Action-Packed Week: Payrolls, PMIs, Politics And Tons Of Earnings

Key Events In The Coming Action-Packed Week: Payrolls, PMIs, Politics And Tons Of Earnings
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