Market News

Lets Check, How Market Will React On Today's News

 

Good morning!  Happy new week with lots of energy, good work!

1- Yesterday's main news
- The Federal Reserve issues money policy reports for the first 2 quarters of the year.
- Williams called rising US yields a positive sign.
- The United States officially returned to the Paris Agreement.
- Biden approved Texas as a "state of great disaster".
- G7 is committed to continue to provide fiscal stimulus.
- Pfizer vaccine does not need refrigeration.


2-Notable economic events and data this week
- This week, Fed Chairman Powell will turn to two hearings in the Senate and the House of Representatives to deliver testimony on the next year's monetary policy report.  Several senior Fed officials, including Fed Vice Chairman Clarida, will also speak.  And European Central Bank President Lagarde will also deliver a speech.

- The US House of Representatives is scheduled to vote on President Biden's $ 1.9 trillion stimulus plan on Feb. 26. If it can be passed, it will be submitted to the Senate for a vote.  The stimulus may be reduced to a certain extent, but it is expected that it will eventually be adopted.

- On February 26-27, the finance ministers and central bank governors of the Group of 20 Countries (G20) will hold a video conference, expected to discuss the new pandemic,  possible global economic and collaborative methods.