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Week Ahead: Bank of Canada to reduce purchases; Global Economic Recovery to pickup - MarketPulse

Week Ahead: Bank of Canada to reduce purchases; Global Economic Recovery to pickup
Posted 4 hours agoSharePrint
The global economic recovery is gaining momentum as the world’s two largest economies continue to deliver robust economic readings. China’s economy grew 18.3% in the first quarter, a record rate that sets the example of what we can expect as the rest of the world recovers from COVID-19. The US saw weekly jobless fall to a pandemic low and retail sales explode after Americans put their $1,400 stimulus checks to work. US stocks are steadily making fresh record highs and that could continue if Treasury yields take their time in recapturing the highs made at the end of March. ....

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Awaiting the ECB decision and type of stimulus it will use to combat the pandemic impact

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Hungary PM Chief Cabinet official stated that there was a chance of a budget deal at today’s EU Leader Summit as proposal for agreement contained all the guarantees that was important to us. There would not be any rule of law procedures before 2023. To find out if any of the frugal member States block the draft agreement on EU budget and Recovery Fund
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Bank of Italy (BOI) Monthly Report `Money and Banks : Oct Gross Non-Performing Loans (NPLs) at €64.8B v €65.1B m/m
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China Foreign Ministry spokesperson Hua Chunying announced reciprocal sanctions to target members of US Congress and revoking visa exemption treatment for US diplomatic passport holders visiting Hong Kong, Macau ....

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