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House Financial Services Committee advances bill to improve federal Emergency Rental Assistance program
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Eviction moratorium: How Democrats blew their chance to extend it
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Acting CFPB director should come before House panel, McHenry says
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S&P 500 Climbs on Powell s Dovish Tone, China GDP in Focus
S&P 500, NIKKEI 225, ASX 200 INDEX OUTLOOK:
Jerome Powell reiterated his dovish stance when speaking to the House of Financial Service Committee
China’s Q2 GDP is expected at 8.1% YoY, which will set the tone for APAC trading
Powell Testimony, China GDP, Earnings, Yields, USD, Asia-Pacific at Open:
Wall Street stocks climbed after Fed Chair Jerome Powell reiterated his dovish stance in a semiannual monetary policy report to the Congress. He said that the economy’s progress is still a ways off to reaching the standard of ‘substantial further progress’, and the labor market in particular is still well below pre-Covid levels. Therefore, the central bank may continue its current pace of asset purchase and will be patient in tightening monetary stimulus.
July 08 2021
Following the Paris Agreement in 2015, green investing has become an essential factor in sustainable development and investment strategy. It is being employed by major countries around the world, including the EU, the US and China for setting out targets to reduce greenhouse gas emissions, promote green new deals, and establish targets for achieving carbon neutrality.
After announcing its European Green Deal, which committed a total investment of €1 trillion ($1.19 trillion), the EU introduced the European Climate Law in March 2020, and followed it up with measures such as the guide on climate-related and environmental risks in November 2020, and the EU taxonomy. It has also announced that it will impose a carbon border tax on imports by 2023. President Joe Biden of the US has also announced, as a part of his campaign pledge, an environmental policy shift to rejoin the Paris Agreement, to invest $2 trillion in clean energy and infrastructure,