Daily Market Commentary

May 3, 2021

Bonds & Stocks
U.S. equity futures climbed with European stocks, with sentiment buoyed by positive data on the pandemic and easing lockdowns.

The U.S. and other countries are striving to reach a deal by this summer on a global minimum tax rate for multinationals, to combat corporate profit-shifting and stop race-to-the-bottom tax competition among countries.

The Bank of England is set to make a big upgrade to its growth forecast for this year at its meeting on Thursday. The central bank is likely to stress there's a higher than usual bar for tightening policy and that it's ready to loosen again if needed.

The information represented herein was obtained from various sources, which we believe to be reliable. Neither the information presented nor opinions expressed constitutes an offer to buy or sell any security. And it is not intended to guide the investor on which securities to buy, or when to buy or sell.

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