05/07/2021 – Morning Note

Key News Overnight: Wall Street’s three major indexes rose sharply on Monday with the S&P 500 marking its highest level since early March as a U.S.-China agreement to temporarily slash tariffs brought some hopes forRead more

Key News Overnight: U.S. Treasury Secretary Scott Bessent on Friday urged Congress to raise the federal government’s debt limit by mid-July to avoid a default that would upend global markets. Bessent told congressional leaders thatRead more

Key News Overnight: Federal Reserve Chairman Jerome Powell said on Wednesday that he never seeks to meet with any U.S. president and to the extent he has had such a meeting, it’s because the electedRead more

Key News Overnight: The U.S. Treasury and Commerce departments have formulated plans for a sovereign wealth fund but no final decisions have been made, a White House spokesperson said on Wednesday. “The Administration remains committedRead more

Key News Overnight: Pockets of the U.S. corporate debt market are flashing warning signs that a cooling economy is squeezing the most fragile borrowers, a BlackRock executive said, despite broader market hopes that the turbulenceRead more