GLOBAL & REGIONAL DAILY (Friday 9 April, 2021)
GLOBAL & REGIONAL DAILY
April 9 2021
In reaction to Fed Chair Jerome Powell’s comments y-day suggesting that the Central Bank is in no rush to remove policy accommodation, major US stock indices extended recent gains overnight.
Meanwhile, UST yields remained close to y-day’s fresh multi-session lows, keeping the USD under pressure.
According to press, hoteliers will likely re-open their businesses this year in three waves, the first one during the Orthodox Holy Week, the second in mid-May and the third in end-June. On the pandemic front, the partial easing of restrictions will continue next week with the re-opening of Lyceums.
Bulgaria’s Prime Minister Boyko Borissov announced yesterday that he is giving up his seat in the next parliament, spurring modest optimism on the local markets.
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