21st May 2021 Morning Report

Wall Street rebounded led by tech stocks, after a 3 -day decline, following jobless claims data indicated the labour market continued to improve. First time unemployed benefits on a weekly basis, was the lowest since the pandemic began in March 2020.  However, markets remain concerned about market volatility and apprehensive about what the market will look over the next six months. 

Federal Reserve Chair Jerome Powell flagged the risks of cryptocurrencies in an unusual video message on Thursday that also laid out a clearer timetable for the Fed to consider adopting a digital currency of its own. The Chairman of the Federal Reserve highlighted the risks of cryptocurrencies in an unusual video message yesterday. He also provided a clear timetable for the Central Bank to consider adopting its own digital currency.  

Cryptocurrencies edged higher from their recent lows after this week’s crash.

Morning Report 21 May 2021

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

January 22nd Morning Report
January 20th Morning Report
January 17th Morning Report
January 15th Morning Report
January 14th Morning Report
January 13th Morning Report
January 10th Morning Report
January 9th Morning Report
January 8th Morning Report
January 6th Morning Report