Overseas Headlines – March 30, 2021

United States:

Fed’s Bostic Says There’s Merit to Reparations to Address Racism

“Federal Reserve Bank of Atlanta President Raphael Bostic said there’s merit to considering reparations as a way to counter the impact of racism and inequality in the U.S. “There are definitely merits to it in the sense that, if people have been harmed by laws, then there should be a discussion about redress,” Bostic told CNN Business in an interview published on its website Monday.”



Euro-Area Confidence Rises to Strongest Since Pandemic Started

“Confidence in the euro-area economy improved sharply in March, reaching levels last recorded before the pandemic, as companies and consumers see vaccine roll-outs eventually helping support a recovery. A European Commission sentiment index increased to 101.0, exceeding all estimates in a Bloomberg survey. Sentiment rose across all sectors of the economy and particularly strongly in Germany, the region’s largest member. Employment expectations jumped.”



India’s Steady Recovery Thrown in Doubt by Spike in Virus Cases

“India’s consumption demand and business activity looked steady in February, although chances of a strong recovery appeared doubtful after a sharp surge in virus cases and the increasing risk of renewed lockdowns. The dial on a gauge measuring so-called animal spirits showed activity cruising at a steady pace for the fifth straight month, with all eight high-frequency indicators tracked by Bloomberg News holding their ground last month. The number was arrived at by using the three-month weighted average to smooth out volatility in the single-month scores.”




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