{"id":1707,"date":"2021-08-12T10:15:25","date_gmt":"2021-08-12T13:15:25","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=1707"},"modified":"2021-08-12T10:15:27","modified_gmt":"2021-08-12T13:15:27","slug":"bidens-tough-road-unemployment-claims-and-roadblocks-threaten-thebusiness","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/08\/12\/bidens-tough-road-unemployment-claims-and-roadblocks-threaten-thebusiness\/","title":{"rendered":"Biden’s tough road, unemployment claims and roadblocks threaten thebusiness"},"content":{"rendered":"\n

Wyllian Capucci
12\/08\/2020<\/em><\/p>\n\n\n\n

Tight<\/strong><\/p>\n\n\n\n

President Joe Biden’s $4.1 trillion economic agenda faces a pathdifficult in Congress, with the final approval of the measures likely to coincide witha debate on the debt ceiling next month.\u00a0To House Speaker NancyPelosi, and Senate Majority Leader Chuck Schumer, the problem will be keeping all theDemocrats on board, with just a few defections enough to derail the entireflat.\u00a0In turn, Biden said that massive spending plans would not beinflationary, saying that those who are concerned about the rising cost of livingshould support the measures<\/p>\n\n\n\n

Data<\/strong><\/p>\n\n\n\n

It is expected that the initial number of claims for weekly unemployment insurance this morningshow a small improvement to 375,000.\u00a0This comes in the wake of news usually.positive for the labor market in recent days, with the July payrollbeing better than expected and job openings reaching a record above10 million.\u00a0Improving prospects are driving more policy makers from theFederal Reserve says the time is coming to reduce monetary stimulus<\/p>\n\n\n\n

Lockdown<\/strong><\/p>\n\n\n\n

The delta variant of the coronavirus continues to cause problems in Asia, with Chinapartially closing the third busiest port in the world after a casethere.\u00a0Australia is facing the worst crisis in the pandemic, and a government adviser in theJapan said the spread in Tokyo is now out of control.\u00a0In Europe, there werebetter news with the UK economy reporting stronger growth in thethan expected after restrictions eased in June.\u00a0In the United States, theNew York Stock Exchange announced that it will require Covid-19 vaccines for all whoenter their trading sessions, while in Texas, Governor Greg Abbott has promiseddrag to court any local government or school officials who resist theprohibition of local rules on face masks<\/p>\n\n\n\n

Very quiet markets<\/strong><\/p>\n\n\n\n

Global equities remain firmly stuck in the August stagnation.\u00a0During theovernight, the MSCI Asia Pacific index fell 0.3%, while Japan’s Topix index closed.virtually unchanged.\u00a0In Europe, the Stoxx 600 Index rose 0.1% at 6:50 amBrasilia.\u00a0The S&P 500 futures pointed to near-universal approval of the level ofYesterday’s close, the 10-year Treasury yield was at 1.351%, oilwas above $69 a barrel and gold was higher<\/p>\n\n\n\n

Coming<\/strong><\/p>\n\n\n\n

The US July PPI tracks initial jobless claims data at 9:30 am.The last WASDE report from the Department of Agriculture is at 1:00 pm.\u00a0Turkey, Mexico andPeru have decisions on central bank rates today.\u00a0OPEC publishes its reportmonthly on the oil market.\u00a0Walt Disney Co., Airbnb Inc. and DoorDash Inc.among the companies that announced the results.<\/p>\n\n\n\n

Source:https:\/\/wintrademarkets.com\/<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Wyllian Capucci12\/08\/2020 Tight President Joe Biden’s $4.1 trillion economic agenda faces a pathdifficult in Congress, with the final approval of the measures likely to coincide witha debate on the debt ceiling next month.\u00a0To House Speaker NancyPelosi, and Senate Majority Leader Chuck Schumer, the problem will be keeping all theDemocrats on board, with just a few […]<\/p>\n","protected":false},"author":2,"featured_media":1333,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-1707","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-hft"},"_links":{"self":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/comments?post=1707"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1707\/revisions"}],"predecessor-version":[{"id":1708,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1707\/revisions\/1708"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/1333"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=1707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=1707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=1707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}