A look at the day ahead in European and global markets from Tom WestbrookStrong business activity indicators in Europe and an unexpected cooling in the U.S. have carried the euro above $1.07.Investors were encouraged by Tesla (NASDAQ:)’s promises of new models next year, which sent the electric vehicle maker’s shares…

By Ankur BanerjeeSINGAPORE (Reuters) – Asian stocks rose on Wednesday, tracking Wall Street, as an after-hours surge in shares of EV maker Tesla (NASDAQ:) following its promise of new models, and upbeat earnings from some U.S. companies lifted risk sentiment.The yen was rooted near 34-year lows, keeping traders wary of…

Indian Rupee trades on a softer note on Wednesday on USD demand.  The positive outlook for the Indian economy might support the INR and cap the pair’s upside. Investors will focus on the US March Durable Goods Orders, which are due on Wednesday. Indian Rupee (INR) is losing its recovery…

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Joe Biden will land a major union endorsement Wednesday from North America’s Building Trades Unions, whose leaders say the president has his infrastructure bill largely to thank for it. In making one of their earliest ever presidential endorsements, NABTU leaders are kickstarting an eight-figure organizing program to try to deliver their 250,000 members in the battlegrounds of Pennsylvania, Michigan and Wisconsin for Biden. The Teamsters, whose endorsement is being pursued by both Biden and Donald Trump, are members of NABTU but abstained from Tuesday’s board vote, according to people briefed on the proceedings. They will endorse after their own upcoming convention. The backing from NABTU, which has 3 million members nationwide, is more enthusiastic than…

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