Asian Currencies Stay Rangebound as Yen Firms on Intervention Talk 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Oil Prices Slip as U.S.-Iran Talks Ease Middle East Tensions 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Lee Seung-heon Signals Caution on Rate Hikes, Supports Higher Property Taxes to Cool Korea’s Housing Market 
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence 
Australian Household Spending Dips in December as RBA Tightens Policy 
Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data 
Asian Markets Surge as Japan Election, Fed Rate Cut Bets, and Tech Rally Lift Global Sentiment 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Yen Slides as Japan Election Boosts Fiscal Stimulus Expectations 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
A pandemic-triggered revenue plunge will be interrupted for most US states as they collect billions of dollars in tax payments.
The payments would have been due in April.
However, other than the payments of taxes, sources of revenues remain limited.
Forty-one states extended their April 15 tax payment deadlines, with most also pushing it to July, following a similar action by the federal government.
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According to the Urban Institute, the extension caused a dramatic drop to April income tax collections, which fell by $44.8 billion or 62% compared with April 2019.
Jared Walczak, vice president of state projects at the Tax Foundation, noted that much of the revenue came from earlier this year and were simply delayed payments.
With an uptick in coronavirus cases, there is a concern of weak income tax revenue ahead with the Tax Foundation projecting a 9 percent drop in personal income tax revenue for fiscal 2021 compared with fiscal 2019.
