5 events worth your attention today

1) Investors in the Asia-Pacific stock markets were relieved today after the announcement that the US Federal Reserve (Fed) will continue to keep interest rates at the same low levels. The Japanese stock market is closed today, and the Hong Kong Hang Seng Index is up 0.80%.

2) The economic mood in the European Union countries continued to improve significantly in April, and its main indicator returned to the level it was before the start of the epidemic for the first time. The European Commission (EC) mentioned this in its report today. The development has surpassed analysts’ estimates, and the panel notes that the numbers are now well above the long-term average. According to her, it is the result of better confidence in all sectors under review.

3) Republican Senator Tim Scott criticized the US government’s spending plans tonight and questioned their contribution to the success of the vaccination campaign by presenting his party’s official response to President Joe Biden’s speech to Congress. He stood against “Dreams of socialismHe accused the Democrats of deepening the trenches in American society, and linking the pace of vaccination against Covid-19 and the economic recovery of the United States to the steps taken during the era of Donald Trump.

4) According to seasonally adjusted data, the number of unemployed people in Germany unexpectedly increased in April compared to the previous month, by 9,000 to 2.76 million. However, the unemployment rate remained at 6%. Firms benefit more from the subsidized job protection program, so more employees only work part-time. The Federal Labor Office stated this in its preliminary report today. According to analysts, the development is another obstacle to the yet fragile recovery of Europe’s largest economy.

5) The social network operator Facebook nearly doubled its net profit to $ 9.5 billion (more than 200 billion CZK) in the first quarter of this year from $ 4.9 billion a year earlier. The company announced it yesterday. Following the publication of the economic results, the company’s shares rose about 6% in the after-sales services market.

Zdroj: Investing.com, Bloomberg, Reuters

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