Weekly Market Snapshot – April 12th, 2021
Created by: Sam Tenney
- Many US corporations this week, including Coca-Cola, P&G, Kimberly-Clark, have outlined plans during their quarterly earnings meetings to raise their consumer product costs, as a result of pressures from rising commodity prices. ¹
- India continues to face a staggering surge in Coronavirus cases, reaching 16.6 million confirmed cases as of this week and bringing the worldwide total cases to a new record high since the last peak in December. This raises concerns of possible lockdowns in India. ²
- Eurozone inflation rose to a 1.3% annual average in March, while Japan rose to -0.2% annual inflation, the highest readings since the start of Covid for both countries. This highlights the continued economic rebound happening worldwide.³
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