ASX to rise, S&P 500 extends record run
Australian shares are set to lift 1 per cent at the open buoyed by Wall Street. In contrast, the $A has tumbled more than 1 per cent.
Source: afr.com
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Posthaste: The virtuous circle of the Canadian dollar is about to go into reverse, says BofA
Get ready for a 76 cent loonie
Source: leaderpost.com
Posthaste: The virtuous circle of the Canadian dollar is about to go into reverse, says BofA
Get ready for a 76 cent loonie
Source: thestarphoenix.com
Countdown to the Fed: What the analysts say
By Reuters Staff 5 Min Read (Reuters) - Investors are laser-focused on Federal Reserve Chair Jerome Powell on Wednesday and crucially the bond market’s reaction to the central bank’s policy-setting committee meeting, with benchmark U.S. Treasury yields at 13-month highs. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie Federal Reserve officials are due to issue new economic projections on Wednesday, with an upgrade to GDP growth. Markets predict the Fed may be forced to act sooner than expected in raising rates. Benchmark ...
Source: reuters.com
World Insights: U.S. new mega stimulus package may reverse market dynamics, experts say - World News
2021-03-12 06:35:52 GMT2021-03-12 14:35:52(Beijing Time) Xinhua English NEW YORK, March 11 (Xinhua) -- The new stimulus package worth 1.9 trillion U.S. dollars signed into law by U.S. President Joe Biden on Thursday could not only heat up economic expansion and inflation, but also reverse international capital flows, according to experts. U.S. real GDP will grow at over 7.5 percent in 2021 by using a fairly conservative assumption regarding the size of the fiscal multiplier, said Prajakta Bhide, U.S. economy and policy strategist with MRB Partners, a New York-based private research fir...
Source: sina.com