Victor Camargo
06-05-2021
This Thursday, the main North American future indices pointed to amixed opening, with the Dow Jones renewing record high and the S&P 500 movingfor a little changed session; the Nasdaq is seen opening in a fall. The actions ofVaccine makers were under pressure after President Joe Biden saidwould support a WTO waiver of intellectual property for the COVID-19 vaccine.On the corporate side, IBM introduced what it says is the first technology for manufacturing2 nanometer chips in the world for faster computing; while Ubersignaled that he would pay drivers more to put cars back on the roads anddisclosed a charge of USD 600 million to provide benefits to drivers of theUK.
In Europe, the indices reversed recent gains and were falling, with thehealthcare companies among the worst performers after the EU supported aplan to discuss intellectual property rights for COVID-19 vaccines. At thebeginning of the session, investors welcomed the optimistic quarterly earningsAB Inbev and several eurozone banks, including UniCredit and Societe Generale.In addition, optimistic data from orders to the German industry and retail salesbetter-than-expected eurozone support optimism around a strongeconomic recovery this year.
The number of Americans who have applied for new unemployment insurancedropped to 498,000 in the week ending May 1, the lowest level since March2020, when the pandemic hit the United States economy for the first time. OThe pace of recovery in the labor market gained new momentum in the spring,As the acceleration in the pace of vaccinations against COVID-19 allowed the country togradually reopen, in addition to the government’s $ 1.9 trillion aid package, whichboosted domestic demand.
Source:https://wintrademarkets.com
