1) Federal Reserve (Fed) President Jerome Powell and U.S. Treasury Secretary Janet Yellen praised the positive impact of the economic stimulus, but warned more hard work was needed to improve the economy.
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2) Fed Board of Governors Lael Brainard urges patience if one wants to see the full impact of monetary policy.
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3) Fed President St. Louis James Bullard sees inflation of 2.5% this year, declining only slightly in 2022.
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4) The European Commission will propose stricter regulations on the export of Covid-19 vaccine.
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5) Covid ICU patients in France are at the highest level at the moment.
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6) British policymakers say European Union (EU) financial market access is not worth it.
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7) China buys only one -third of U.S. goods from the requirements of trade agreements.
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8) Macau temporarily stopped injection of BioNTech vaccine due to defects in packaging; vaccine distribution in Hong Kong is affected.
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9) Japanese manufacturing activity is increasing following the increase in orders and production.
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10) Oil prices fluctuated after disruptions in the Suez Canal as well as demand -driven sales.
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11) The US dollar is in demand following concerns over the EU curfew.
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12) U.S. treasury returns continued to rise after Powell’s statement; 10 -year yields below 1.6%.