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US bonds were sold with the prospect that the next US president, Byden, will launch a large-scale economic measure on the night of the 14th. On the other hand,Huisington Investment Management has maintained a bullish stance on the government bond market, saying it will take “years” to heal the pain from the new corona virus. Is the market consensus better or is it the reading of veteran investors? Whether economic measures can really lift the economy seems to be the key. Here are five news items to watch out for as you start your day.
Up to $ 2 billion
Biden 15 pm Eastern Time 14 days in the afternoon 7 (9:15 Japan time 15 days in the morning) to prospect, reveal an additional economic policy. While many Democrats expect a maximum of $ 2 trillion (about 207 trillion yen), some say that the portion related to the new crown is around $ 900 billion. It is expected to include an increase in direct benefits from $ 600 to $ 2000, additional and extended unemployment insurance benefits, support for state and local governments, and support for vaccine distribution.
Time to raise the rates
Powell, the chairman of the Federal Reserve Board (FRB), said he would not raise rates unless there were some nasty signs of inflation. “I’m looking at this point with a broader perspective,” he said. “Ultimately, the new framework will not be considered fully credible until inflation is reasonably above 2% and can remain for some time,” he said. “It’s not close at all,” he said.
Approaching the platform
Rice from last weekThe number of new applications for unemployment insurance increased by 181,000 from the previous week to 965,000, the largest increase since March last year, approaching the 1 million mark. Ian Shepherdson, chief economist at Pantheon Macroeconomics, said: “With the expansion of vaccination, the possibility of mass immunity has emerged and restrictions in the service sector will gradually be relaxed. It will remain almost flat for months.”
Increase of more than 70%
MeterCisco Systems has agreed with the company to increase its offering to Acacia Communications by more than 70%. Under the new proposal, Acacia shareholders will receive $ 115 in cash per share. The transaction scale is $ 4.5 billion. In July 2019, it agreed to buy for around $ 2.6 billion, but Acacia announced earlier this month that it would break the deal because Cisco failed to get approval from Chinese regulators.
There is also an objection about the scale.
European central bank (ECB) Policy Committee members agreed at the last policy meeting that additional monetary easing was needed, but the agenda revealed that there was disagreement on the scale. Regarding the expansion of the Pandemic Emergency Purchasing Program (PEPP) of 500,000 million euros (about 63 trillion yen) decided at this meeting, he said that “it was not enough to further ease the financial environment” and that “it should have some spare capacity. ” There was an opinion.
Other hot news
OPEC Progresses Well Toward Its Goal of Eliminating Crude Oil Inventories, Monthly Report Data Suggests
North Korea appears to have held a military parade on the 14th-Union News
Marubeni plans to sell stakes in oil and gas fields in related parts of the British North Sea
