IGI Logo

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.

Above views are of the author and not of the website kindly read disclaimer