JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon believes the COVID-19 pandemic will end with a U.S. economic rebound that could last for over two years, Bloomberg reported. In his annual letter to shareholders, Dimon said the boom could easily run into 2023 on a successful vaccination program and the euphoria around the end of the pandemic.Other likely drivers … [Read more...] about JPMorgan’s Dimon Believes U.S. Economic Rebound Could Run Into 2023
Forex News
Japan Households’ Confidence Marks 8-Year High, Inflation Outlook Up In March
Japanese households' expectations on inflation and the economy rose in March to show signs of healing from the COVID-19 pandemic, Reuters reported. Households expecting prices to rise in a year stood at 62.4% in March from 60% in December, according to results of a survey by the Bank of Japan.The diffusion index which measures households' confidence on the economy a year … [Read more...] about Japan Households’ Confidence Marks 8-Year High, Inflation Outlook Up In March
IMF Flags Divergent Recovery Paths Between Advanced Economies And Low-Income Countries
The divergent recovery paths between advanced economies and the rest of the world is likely to create wider gaps in living standards across countries, the International Monetary Fund said in a post. Advanced economies are expected to have an average annual loss in per capita GDP of 2.3% over 2020 to 2024, smaller than the 5.7% losses expected in low-income countries, and … [Read more...] about IMF Flags Divergent Recovery Paths Between Advanced Economies And Low-Income Countries
Crude Oil Price Faces Fears of Weeks Due to Suez Canal Blockage and Shortage of Supply
Suez Canal blockage affects the oil supply, and USD/CAD falls, creating pressure on the market trade.Crude oil prices bounce and break the resistance of $66.37 higher than the monthly pivot level and continue to move. The positive momentum of crude oil is underpinned by fears of weeks in the Suez Canal's being unblocked and that the oil supply to consumers is seriously … [Read more...] about Crude Oil Price Faces Fears of Weeks Due to Suez Canal Blockage and Shortage of Supply
U.S Financials the Best Performing Sector in March-IHS Markit
U.S financials retained its position as the best-performing area for business activity growth in March, according to IHS Markit press release. All seven broad sector categories recorded an increase in output, with a similar pattern seen for incoming new work. Technology sector gained considerable momentum and reached its fastest for six-and-a-half years.Rises in … [Read more...] about U.S Financials the Best Performing Sector in March-IHS Markit
