Gold prices rose and a gauge of global equity markets on Monday was not far from a record as investors remain bullish about the economic recovery ahead of U.S.
The Canadian dollar was little changed against the greenback on Monday, holding near its strongest level in over three years ahead of domestic factory activity data and as optimism about global economic recovery bolstered investor sentiment.
The Bank of Canada’s signal that it may begin hiking interest rates before the Federal Reserve has lit a fire under the Canadian dollar, but past tightening cycles show faster liftoff may not be sustained, particularly if the loonie overshoots.
“The USD’s sharp rally last Friday has blunted the sell-off in the currency but we are not convinced at this point that a stronger, broader—corrective— rebound is on the cards,” Shaun Osborne, chief currency strategist at Scotiabank said in a note.
The ratings company said in February it expects a slower pace of fiscal consolidation and wider deficits than the government, and that risks to debt affordability remain elevated.For more, read Bloomberg Economics’ full Week Ahead for EMEALatin AmericaChile’s economic outlook has taken a turn for the better with March’s year-on-year activity indicator on Monday likely to show brisk growth.Colombia on Monday posts the minutes of its April 30 central bank meeting, where policy makers kept the key rate at 1.75%, followed by April inflation data Wednesday.Brazil on Wednesday reports March industrial production data before all attention shifts to the meeting of the central bank’s monetary policy committee, known as “Copom.” Since 1999, the institution’s decisions have matched survey medians about 75% of the time, but under current President Roberto Campos Neto, expectations and outcomes have tallied more often.
“If by speeding up the vaccination campaign, we manage to have vaccinated 70% of Europe’s adult population by the summer and the economy starts to pick up speed, we may also start to think about phasing out the emergency mode on the monetary policy side,” de Guindos told la Repubblica.
But win or lose at the trial, Epic, which has pursued an aggressive public relations campaign against Apple alongside its court pleadings, may have already accomplished a major goal: Drawing Apple squarely into the global debate over whether and how massive technology companies should be regulated.
Having written $4.6 billion off the value of the businesses in 2018, Verizon will get just $4.25 billion in cash from private equity firm Apollo Global, along with preferred interests of $750 million and a 10% stake in the unit – about half of what it had paid for the businesses.
She’s repeatedly said that despite the broader rotation out of high-growth companies and into value stocks, her team maintains their conviction in innovative technologies and has a five-year time horizon.“Twitter fits well with Ark and Cathie Wood’s” investment style, said Ross Mayfield, investment strategy analyst at Robert W.
-Warren Buffett ended years of speculation about succession at Berkshire Hathaway Inc by saying Greg Abel, who oversees its non-insurance businesses, would become chief executive officer if he were no longer in charge.
on its Covid-19 shot, rose as much as 10% on Monday as the stock rallied past $200 a share at the open, breaking yet another record after closing at new highs four out of five days last week.The German company was among the top gainers as the biotech sector regained lost footing and optimism about economies reopening bolstered stocks.