World shares inched higher while US bond yields held near a 13-month peak on Monday on bets that economic growth would accelerate, even though investors became wary of the Federal Reserve and other key central bank meetings in the days ahead.
Canadian Pacific Railway said on Sunday it had agreed to buy Kansas City Southern Railway for $25 billion in a cash-and-stock deal to create the first rail network connecting the United States, Mexico, and Canada.
The International Monetary Fund (IMF), will raise its forecast for global economic growth in 2021 and 2022 after last year’s 3.5% contraction, but financial conditions remain highly uncertain, IMF Managing Director Kristalina Georgieva said on Tuesday.
Investors will be anxious to see whether upcoming quarterly reports and outlooks from US companies validate expectations for a strong 2021 rebound in earnings and the economy, which were ravaged by the coronavirus pandemic last year.
World food prices rose for an eighth consecutive month in January, hitting their highest level since July 2014, led by jumps in cereals, sugar and vegetable oils, the United Nations food agency said on Thursday.
The number of Americans filing new applications for unemployment benefits decreased last week, suggesting that the labour market was stabilising as authorities started to loosen pandemic-related restrictions on businesses.
US factory activity slowed in early February likely as a global semiconductor chip shortage hurt production at automobile plants, while prices of inputs and manufactured goods soared,
Global shares stumbled on Friday as hopes of a fiscal boost from a $1.9 trillion US stimulus plan were smothered by the prospect of stricter lockdowns in France and Germany and a resurgence of COVID-19 cases in China.
The aid package includes $415 billion to bolster the response to the virus and the rollout of COVID-19 vaccines, some $1 trillion in direct relief to households, and roughly $440 billion for small businesses and communities particularly hard hit by the pandemic.