Global Update By Heena Naik, Angel Broking Ltd
Below are Views On Global Update by Heena Naik, Research Analyst - Currency, Angel Broking Ltd
Global Update
- US consumer confidence jumped to a 14-month high in April’21 on increased vaccinations against COVID-19 along with additional fiscal stimulus.
- Today in his first address to a joint session of Congress, the US President is likely to propose a raise in capital-gains tax on Americans earning $1m to 39.6 percent from 20 percent.
- Serum Institute & Bharat Biotech have informed that they can’t supply COVID-19 vaccine till May 20 - Maharashtra Health Minister.
- Bank of Japan kept the monetary policy on hold and projected that inflation will fail to reach its key 2% target through early 2023.
- FOMC decision is due tonight where the committee is widely expected to keep the current policy settings unchanged.
- Bitcoin has rallied after reports stated that JPMorgan Chase was planning to offer a managed Bitcoin fund.
- Oil prices have surged as OPEC, Russia and their allies agreed to stick to plans to raise output slightly from 1st May’21.
- Japanese retail sales have surged at the fastest pace in five months in March’21 on the back of recovery seen in consumer demand.
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