Federal Reserve Chairman Jerome Powell is due to testify to Congress amid concerns over a possible resurgence of Covid-19. U.S. retail sales data will be watched for indications on the strength of the reopening rebound, with investors waiting to see if the recent bounce in value stocks can be sustained. Across the pond, the Bank

AstraZeneca Plc (L:AZN) has signed a contract with European governments to supply the region with its potential vaccine against the coronavirus, the British drugmaker’s latest deal to pledge its drug to help combat the pandemic. The contract is for up to 400 million doses of the vaccine, developed by the University of Oxford, the company

The main focus this week will be on Wednesday’s Federal Reserve meeting, with investors on the lookout for clues on how much more, if any, stimulus may be needed. The U.S. calendar also features data on CPI, jobless claims and consumer sentiment. Investors will continue to monitor the steepening yield curve amid a selloff in