On the monetary policy front, the FED is also in action on Wednesday.
The start to the week was quiet as investors refrained from taking on large positions before a two-day meeting of the Federal Reserve beginning on Tuesday and the impending release of U.S.
“We are confident that we will be able to produce a sufficient number of vaccines to achieve the goal of collective immunity, which means that 70% of the adult population would have been vaccinated by mid-July,” European Internal Market Commissioner Thierry Breton said on Sunday in an interview with Greek weekly newspaper “To Vima”.
Kahina Abdeli-Galinier, previously the marketing director for Digital & Integration, was named Emissions Business Director to “build and manage a new business to methane emissions for oil and gas operations of our customers,” the memo said.
Sales of regulatory permits were higher than quarterly profit, in line with the trend of several quarters, and net profit was dented by a $299 million award to Chief Executive Elon Musk.
Officials in March signaled they expect to hold rates steady through 2023.What Bloomberg Economics Says:“BE expects the Fed policy statement to acknowledge continued acceleration in the economic recovery, but communications — including the post-meeting press conference — will stop well short of providing further guidance on the conditions which would warrant a tapering of QE.”–For full analysis, click hereElsewhere, central bankers in Japan, Sweden and Colombia are among a throng of monetary authorities holding meetings, and euro-area GDP data is set to show how the economy fared during renewed lockdowns across the region in the first quarter.Click here for what happened last week and below is our wrap of what is coming up in the global economy.AsiaThe Bank of Japan is expected to nudge up some of its growth projections, and possibly lower its price view for the current year when it updates its economic forecasts on Tuesday.
Credit Suisse is raising capital, and has halted share buybacks, cut its dividend and revamped management after the Swiss lender lost at least $4.7 billion from the collapse of family office Archegos, and after the bank suspended funds linked to insolvent supply chain finance company Greensill.
It has gained 19% this year.Tate & Lyle May Fade If Right Financial Partner Not Found: ReactThe company “continues to successfully execute its strategy and remains confident in the future growth prospects of the company,” it said in a statement, adding that the transaction envisaged “would enable Tate & Lyle and the new business to focus their respective strategies and capital allocation priorities.” For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The central bank has also stripped back holdings of Treasuries in its international reserves, loading up on gold and euros instead.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.