Joe Biden invites Vladimir Putin and Xi Jinping to climate talks March 26, 2021 President Joe Biden is including rivals Vladimir Putin of Russia and Xi Jinping of China among the people he has invited to the first big climate talks of his administration. The US hopes the event will help shape, speed up and deepen global efforts to cut climate-wrecking fossil fuel pollution, administration officials said this evening. [...]
Global growth narrative set to shift as pre-pandemic legacy issues resurface March 16, 2021 You may have missed what happened in the US and China over the past week but two major events took place in the world’s two largest economies that have the potential to directly impact us here in the UK. The first is the passage of President Biden’s $1.9trn stimulus bill in the US. The second [...]
Before the Bell: Inflation genie returns to his bottle as UK GDP data is next March 12, 2021 The buy-everything animal spirits refused to be caged any longer overnight as financial markets returned the inflation genie to its bottle. Technology was back, the S&P 500 and Dow Jones closed at record highs, US yields held steady, Bitcoin rose, and the US Dollar fell, with markets partying like it was 2020. Yesterday, the European [...]
European Central Bank to print money faster as interest rate stays unchanged March 11, 2021 European Central Bank to print more money faster as interest rate stays unchanged
Before the Bell: After US stimulus boosts global sentiment, traders look to ECB today March 11, 2021 The muted mood in government bond yields played a role in the rally enjoyed by stocks yesterday. In the past few weeks, rising yields acted as a catalyst to declines in stocks, while on the other hand, when yields have held steady or slipped, that has typically triggered the buying of stocks. “Yesterday was like [...]
Dow hits record high as Biden’s $1.9 trillion Covid stimulus bill gets final approval March 10, 2021 The blue-chip Dow Jones hit a new record high tonight as President Joe Biden’s $1.9 trillion (£1.4 trillion) Covid-19 stimulus bill received final approval in the House of Representatives. The bourse jumped 1.5 per cent over the course of trading to hit 32,297.81 after inflation fears subsided today. In addition, the S&P 500 also ground [...]
US Congress set to vote on Biden’s $1.9 trillion Covid-19 relief bill March 9, 2021 The US Congress will take up President Biden’s blockbuster $1.9 trillion Covid-19 relief bill tomorrow. The House of Representatives, under Democratic party control, is expected to approve it which would enable President Joe Biden to sign the legislation into law later this week. The Senate, where Democrats have a razor thin majority, passed its version [...]
Democrats advance Biden’s $1.9 trillion Covid-19 relief package March 6, 2021 Democrats forged ahead with President Joe Biden’s $1.9trn coronavirus relief plan early on Saturday, holding back Republican attempts to modify the package. With Republicans united in opposition, Democrats who narrowly control the chamber must keep all 50 of their members on board in order to pass the package, as they hope to do this weekend. [...]
US Capitol ‘at risk of attack’ today after FBI warns of QAnon militia riot plans March 4, 2021 FBI aware of possible second attack on US Capitol after militia groups threaten to remove Democrat lawmakers.
Elizabeth Warren’s proposed billionaire’s wealth tax would rake in ‘$78bn from just 100 people’ March 1, 2021 US Wealth tax bill aims to reverse economic downturn caused by Covid-19