Good morning. India records a new daily record of Covid-19 cases, the U.K. votes in local elections and tensions with China are ramping up. Here’s what’s moving markets.
India posted a record number of daily Covid-19 cases as it remains the epicenter of the crisis. Its struggle to track new variants could also worsen the situation. There was some encouragement, however, from data showing Moderna’s shot bolsters antibodies against other virus strains. Meanwhile, the U.K. is set to lift the ban on international leisure travel to a handful of countries on Friday. In the U.S., the Centers for Disease Control and Prevention predicted Covid-19 cases in the country could see a sharp decline if vaccination efforts continue to prove successful.
Policy and Polls
There’s plenty to watch in the U.K. on Thursday. The Bank of England’s latest decision is coming, with watchers searching for signs of policy tightening ahead, with some banks saying investors should prepare for higher…