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What's different a year after the wildfires? | SaltWire #novascotia #firefighting #wildfires #newsWorld stock indexes have shaken off a month of doubts to come back within 0.5% of record highs on signs of a loosening U.S. labor market, falling European interest rates and another Hong Kong surge.
San Francisco Fed chief Mary Daly on Thursday claimed she was still in"wait-and-see mode" but added:"We've had three stubborn months of data, but I still see monetary policy is working ... I do think that we're seeing, in a really positive way, disinflation." Encouraging for both the ECB and BoE is the fact that diverging from the Fed trajectory has not significantly weakened either the euro or sterling in the process.The pan-European STOXX 600 climbed almost 1% on Friday to an all-time high, with Germany's benchmark also touching a new record.Data released on Friday showed Britain's first-quarter economic growth bounced back stronger than many had expected and the Atlanta Fed's closely-watched U.S.
Bloomberg News reported China is considering a proposal to exempt individual investors from paying dividend taxes on Hong Kong stocks bought via the Stock Connect system. And Biden is also set to announce new China tariffs as soon as next week targeting strategic sectors, including electric vehicles, a source told Reuters.
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