Wall Street Set To Start Low
WASHINGTON (dpa-AFX) - A slew of Fed speeches and FOMC minutes of its latest monetary policy meeting might be the highlights on Wednesday.
Asian shares finished broadly up, while European shares are trading mostly down.
The U.S. Futures Index point to lower open for Wall Street.
Fear of an increase in COVID-19 infection is buoyant in several countries, while half of U.S. adults received the first dose of vaccine.
As of 8.05 am ET, the Dow futures were down 1.00 points, the S&P 500 futures were at 0.00 points and the Nasdaq 100 futures were sliding 3.25 points.
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ASIA:
The International Monetary Fund (IMF) raised its FY22 growth forecast for India to 12.5% from 11.5% estimated earlier in January, even as a resurgent Covid spread threatens to undermine the country’s economic recovery. The Washington-based global financial institution, in its annual World Economic Outlook ahead of the annual Spring meeting with the World Bank, said the Indian economy is expected to grow by 6.9% in 2022. China, the only major economy to have a positive growth rate in 2020 of 2.3%, is expected to grow by 8.6% in 2021 and 5.6% in 2022.
The major Asian stock markets had a mixed day today:
NIKKEI 225 increased 34.16 points or 0.12% to 29,730.79
Wall Street Set To Bounce Back finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
2/23/2021 6:42:47 AM GMT
Asia
Senior Chinese diplomat Wang Yi said on Monday the United States and China could work together on issues like climate change and the coronavirus pandemic if they repaired their damaged bilateral relationship. Wang said China is willing to reopen constructive dialogue with Washington after relations between the two countries sank to their lowest in decades under former president Donald Trump. Wang urged Washington to respect China’s core interests, stop “smearing” the ruling Communist Party, stop interfering in Beijing’s internal affairs, and stop “conniving” with separatist forces for Taiwan’s independence.
China will push forward rural land reforms in a cautious manner as it tries to balance bolstering food security, particularly during the coronavirus pandemic, with economic growth. China’s plan to rejuvenate its backward countryside is part of broader efforts to spur growth. It aims to reduce the urban-rural divide and propel the ec
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ASIA:
Senior Chinese diplomat Wang Yi said on Monday the United States and China could work together on issues like climate change and the coronavirus pandemic if they repaired their damaged bilateral relationship. Wang said China is willing to reopen constructive dialogue with Washington after relations between the two countries sank to their lowest in decades under former president Donald Trump. Wang urged Washington to respect China’s core interests, stop “smearing” the ruling Communist Party, stop interfering in Beijing’s internal affairs, and stop “conniving” with separatist forces for Taiwan’s independence.
China will push forward rural land reforms in a cautious manner as it tries to balance bolstering food security, particularly during the coronavirus pandemic, with economic growth. China’s plan to rejuvenate its backward countryside is part of broader efforts to spur growth. It aims to reduce the urban-rural divide and propel the economy to