FRANKFURT - European Central Bank policymakers are set to delve deeper at their next meeting into how they measure borrowing costs in the virus-hit euro zone economy after failing to reach an agreement this week, four sources told Reuters.
WASHINGTON - U.S. manufacturing activity surged to its highest level in more than 13-1/2-years in early January amid strong growth in new orders, but bottlenecks in the supply chain caused by the COVID-19 pandemic are driving up prices and signaling a rise in inflation in the months ahead.
U.S. stock markets opened lower on Friday on fears that the Covid-19 pandemic will do more damage over a longer period than thought, even despite the rollout of vaccines across the world.
BERLIN/LONDON/FRANKFURT - Volkswagen (DE:VOWG_p)'s profit almost halved last year due to the impact of the pandemic, but a rebound in premium car sales in China and stronger deliveries in the fourth quarter helped keep the world's largest carmaker in the black.
Joe Biden will be inaugurated as the 46th president of the United States on Wednesday with investors waiting to see how his plans for stimulus relief and tackling the pandemic will roll out. Janet Yellen's confirmation hearing as the U.S.’s first female Treasury secretary is set to take place on Tuesday. The holiday shortened week will also see earnings season get underway in earnest with dozens of S&P 500 companies reporting. The European Central Bank is to hold its latest policy meeting against a background of renewed lockdowns to contain the pandemic. Meanwhile, a raft of PMI data from the U.S., euro zone, Japan and the UK on Friday will lay bare the state of the global economy at the start of 2021. Here’s what you need to know to start your week.