Asian shares push higher, dollar eases
Asian shares rose on Tuesday, shrugging off worries about an increase in regional coronavirus infections, while inflation jitters helped push gold prices to three-month highs. Equities in Europe and the United States looked set to follow. FTSE futures rose 0.76% and EuroSTOXX 50 futures traded 0.68% higher, while S&P 500 futures were up 0.33%. MSCI’s […]
When Biden meets Putin: old foes could cool off but not reset
The United States and Russia are lowering expectations for big breakthroughs at a superpower summit between U.S. President Joe Biden and Russian President Vladimir Putin, with the adversaries in no mood to make concessions on their bitter disagreements. The summit details – location, time and agenda – are still being negotiated by the two sides […]
IMF economist sees only ‘transitory’ bump in inflation from U.S. stimulus
WASHINGTON (Reuters) – President Joe Biden’s $1.9 trillion U.S. stimulus plan could trigger a temporary bump in consumer prices, but inflation was not likely to last long, International Monetary Fund Chief Economist Gita Gopinath said in an interview broadcast on Friday. Gopinath told National Public Radio that the U.S. Federal Reserve had tools to address […]
