FT News Briefing EU countries to restart AstraZeneca use, Biden's hardline on China, airline lift-off
Mar 19, 2021
Europe is set to restart the AstraZeneca vaccine rollout, following assurances of its safety from health regulators. Meanwhile, tensions are on the rise as U.S. officials meet with their Chinese counterparts in Alaska, signaling a tougher U.S. policy. In the midst of these global shifts, investor confidence in airline stocks is rising, as market optimism grows with the prospect of increased travel demand. The conversation dives into how these factors are intertwined in shaping economic recovery.
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AstraZeneca Vaccine Deemed Safe
- The European Medicines Agency (EMA) declared the AstraZeneca vaccine safe and effective after investigating blood clot concerns.
- Several EU countries, including France and Italy, plan to immediately resume using the vaccine.
US-China Tensions High in Alaska Summit
- US and Chinese officials meet in Alaska for their first summit under the Biden administration.
- Tensions are high due to recent US sanctions on Chinese officials over Hong Kong's reduced autonomy.
Fed Raises Growth Forecast, Inflation Concerns Rise
- The Federal Reserve raised its 2021 US growth forecast to 6.5% due to accelerating growth and Biden's stimulus.
- Inflation is also predicted to rise above the 2% target, causing market nervousness.