NEWS HIGHLIGHTS: TOP GLOBAL MARKETS NEWS OF THE DAY 4 June 202 | InvestKaki

NEWS HIGHLIGHTS: TOP GLOBAL MARKETS NEWS OF THE DAY
4 June 2021, 03:00

Biden Signals Flexibility on Taxes for Infrastructure

The president signaled in a meeting with Republican Sen. Shelley Moore Capito that he could accept a narrower infrastructure package that didn't include raising the corporate tax rate.


Fed's Williams Says Economy Far From Levels Needed to Pare Stimulus

Federal Reserve Bank of New York leader John Williams said Thursday the U.S. economy remains some distance from where it needs to be for the Federal Reserve to pull back on its $120 billion a month in bond buying stimulus.


Stocks Drop as Technology Shares Retreat

U.S. stocks fell as fresh weekly data showed a continued recovery in the labor market and traders kept a close eye on any potential policy shifts from the Federal Reserve.


Biden Adds More Chinese Companies Banned From U.S. Investment

The move shows the Biden White House's willingness to continue some of the hard-line China policies started by former President Trump.


Russia's Wealth Fund to Ditch Dollar Amid U.S. Sanctions Threat

The decision is part of Moscow policy of weaning Russia's economy off the greenback amid the continuing threat of U.S. sanctions.


Government Bond Yields Expected to Stay Low as Inflation Fears Ease

U.S. and European government bond yields ticked higher after strong business survey readings in Europe, but investors said the recent rise was overdone.


Europe Pushes Alternative to Patent-Waiver Plan for Vaccines

The EU is pushing back against calls to waive intellectual property rights for Covid-19 vaccines, preparing a rival plan that officials said would better safeguard patents and look for other ways to boost supplies for developing countries.


Ackman SPAC Nears $40 Billion Universal Music Deal

Hedge-fund billionaire William Ackman is nearing a record SPAC deal that would value Universal Music at roughly $40 billion, people familiar with the matter said.


AMC Shares Sink on Stock Sale Plan, Warning to Buyers

Investors begin to backpedal as the movie-theater operator cautions potential purchasers of its shares that they might lose money.


Carbon Price Boom Attracts Investors to Emissions-Trading Market

Investors have piled into new carbon-credit-trading funds, helping make the upstart market one of the best performing commodities-related investments of the past year.