(Bloomberg) --
Welcome to Friday, Americas. Here's the latest news and analysis from Bloomberg Economics to help you start the day:
- It's U.S. jobs report day. Here's what to expect
A rising appetite for risk across a variety of asset markets is stretching valuations and creating vulnerabilities in the U.S. financial system, the Federal Reserve said
- As the pullback in Fed monetary support draws inexorably closer, investors are striving to taper-proof their portfolios. Meanwhile, a large option bet on quicker rate-hikes by the got bigger this week, even as officials pushed back
- President Joe Biden's ambitious $400 billion plan to improve in-home care for the elderly and lift wages for millions of workers may be limited by states' ability to opt out
- Uruguay is committed to trimming its deficit and getting the economy on track without resorting to the big private sector tax hikes, Finance Minister Azucena Arbeleche said
- The European Central Bank could decide to scale back its emergency bond-buying program as early as next month, according to Governing Council member Martins Kazaks
- The governor of Norway's central bank signaled that a number of risks remain that could affect plans to remove monetary support, amid concerns over slow vaccine rollouts across Europe
- China's exports rose more than expected in April, suggesting its trade out-performance could last longer than expected this year
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