Biden Tax Hikes, U.K. Reopening, Commodity Warnings: Eco Day

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Welcome to Monday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the week.

  • Here’s what to look out for in the global economy this week
  • Signs are mounting that Joe Biden’s plans for the first major set of tax hikes since 1993 are hitting resistance in Congress and may need to be pared down
  • Boris Johnson’s plan to unlock the U.K. economy appears on track after data showing Covid vaccines are effective against a worrying variant boosted the government’s confidence in its proposed road map
  • More than half of U.K. workers are returning to the office, just not on Mondays and Fridays, according to Bloomberg’s Pret Index of sandwich sales
  • The first warning sign in the global commodity boom is flashing in China
  • China’s imports of American goods slowed in April, pulling back on the already incremental progress toward the purchase targets agreed with the U.S. in the 2020 trade deal
  • Bloomberg Economics’s Ziad Daoud analyzes what’s driving EM currencies
  • Japan’s new 10 trillion yen ($92 billion) university fund to boost advanced research should invest 60% to 70% of its money in stocks when it opens by next March, according to the head of the panel drafting the guidelines

©2021 Bloomberg L.P.

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