Suez Jam, Jobless Claims, AstraZeneca Update - What's up in Markets

Opening Bell: U.S. Futures Up On Economic Optimism, Europe Falls As Virus Spreads

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📚 Daily Digest  |  Thursday, Mar 25, 2021

Suez Jam, Jobless Claims, AstraZeneca Update - What's up in Markets

© Reuters.

More and more ships are backed up waiting to get into the Suez Canal, which may remain blocked until Sunday. The EU and U.K. dial down their vaccine war, ahead of a summit President Joe Biden wll Zoom in to call for a united front against China, where a government media-led backlash against Nike (NYSE:NKE) and H&M (ST:HMb) is in progress after the companies said they would cut ties with cotton suppliers in Xinjiang over claims of forced labor. AstraZeneca (NASDAQ:AZN) revises down its assessment of the efficacy of its Covid-19 drug - not by much, but enough to create some more head-scratching. And jobless claims data are expected to show the downward trend in unemployment reasserting itself. Here's what you need to know in financial markets on Thursday, March 25th.

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Stock Market U.S. Futures Edge Higher; Weekly Jobless Claims in Focus By Peter Nurse Investing.com - U.S. stocks are seen opening marginally higher Thursday, helped by positive comments from Federal Reserve Chairman Jerome Powell and Treasury... Economy Analysis: Rollover risks loom for Turkey's banks By Tom Arnold, Jonathan Spicer and Ebru Tuncay ISTANBUL (Reuters) - A sharp spike in borrowing costs following the sacking of Turkey's central bank chief has raised risks for... Technology UK gives Facebook, Giphy five days to address competition concerns (Reuters) -Britain's competition watchdog on Thursday gave Facebook (NASDAQ:FB) and Giphy five working days to offer proposals to address its concerns over their merger deal,... Economy Fed's Powell: Changes to Fed policy will be gradual, transparent - NPR WASHINGTON (Reuters) - Any changes to current Federal Reserve policy will come "gradually and with great transparency" and only after the economy has more fully healed, Fed chair... Stock Market UK PM Johnson says wants openness on EU vaccine trade LONDON (Reuters) - Prime Minister Boris Johnson said on Thursday Britain was on the side of openness and did not want to see restrictions on the exchange of COVID-19 vaccines with... Read More News »

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