Overseas Headlines – March 03, 2021

United States:

U.S. Bond Yields Driven by Belief in More Robust Recovery

“A pronounced rise in U.S. bond yields is sending ripples across global markets. Bloomberg Economics’ model suggests the main driver is market expectations of a more robust U.S. recovery. Investors’ belief that the Federal Reserve will accommodate rather than lean against the rise is an important secondary factor.”



Sunak Extends Aid for Jobs Saying U.K. Recovery to Take Time

“Rishi Sunak warned the British economy has been hit hard by the coronavirus pandemic as he announced budget measures to save jobs, help businesses and begin the painful process of cutting the U.K.’s vast deficit. With the country mired in a third national lockdown, the chancellor of the exchequer has made clear that safeguarding jobs is his priority for the coming months.”



India’s Services Activity Expands at Fastest Pace in a Year

“Activity in India’s dominant services sector expanded at its quickest pace in a year in February, helped by an increase in new orders and optimism generated by a roll-out of vaccines to fight the pandemic, a survey showed Wednesday.”




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