Financial markets around the world are waking up to the risks of another coronavirus flare-up. Asian markets, blighted by rising cases from Japan to India, have underperformed their global peers since the start of March, just when they looked set to benefit from an acceleration in the global recovery. Currencies of nations stung by the virus have been trailing those where vaccinations are surging ahead. And now the angst is starting to spread. —David E. Rovella 

Bloomberg is tracking the progress of coronavirus vaccines while mapping the pandemic globally and across America. 

Here are today’s top stories   

India is driving the spike of cases in Asia, reporting more than 200,000 new infections every day for the past week and a record death toll on Wednesday. In Japan, Tokyo and Osaka will ask the government to declare a state of emergency, looking to contain rising cases ahead of the Olympics. Europe however may have finally gotten its vaccine act together, and in New York, formerly the global epicenter of the pandemic, infection rates are falling. Here is the latest on the pandemic.

U.S. markets snapped a two-day drop as dip buyers emerged, fueling a rally in companies that stand to benefit the most from an economic revival. The dollar fell, while Treasuries stabilized. Here is your markets wrap.

On the heels of the conviction of ex-Minneapolis cop Derek Chauvin for murdering George Floyd, U.S. Attorney General Merrick Garland said the Justice Department is going to investigate policing practices at the troubled department.

 U.S. Attorney General Merrick Garland 

Photographer: Pool/Getty Images North America

Funding a revolution is always a risky business, and one of the world’s largest banks is now exposed to a very public defeat in the emotional arena of soccer. This is how JPMorgan managed the Wall Street equivalent of an own goal.

Australia has canceled agreements between China’s Belt and Road Initiative and the Victoria state government in a move that could further worsen ties between the two nations.

After a stint at Microsoft, Daniel Dines launched a startup back in his native Romania. It was there that the programmer turned a “crazy idea” into a $6 billion fortune.

Daniel Dines, co-founder and CEO of UiPath

Photographer: Noam Galai/Getty Images

In a new Netflix show, “Marriage or Mortgage,” couples decide whether to spend their savings on a wedding or a home. We asked personal finance experts how much reality TV reflects actual reality.

What you’ll need to know tomorrow 

• Robinhood made trading pretty easy. Maybe it shouldn’t have.
• UAE weighs imposing curbs on the unvaccinated; furor erupts.
• HSBC heart attack leads to a viral post about industry overwork.
• Used-car prices are spiking on high demand and a supply crunch.
• New York pins reviving subway ridership on fighting fear of crime.
• Why cities may be our best hope for surviving the climate crisis.
• Thanks to a petition, LeVar Burton will host Jeopardy!

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What you’ll want to read in Bloomberg Pursuits

How to Travel Safely During the Pandemic

In the U.S., upwards of 3 million people a day are leaving vaccine sites with the promise of immunity and new questions about what to do with it. Bloomberg spoke with doctors about what they recommend you do, or not do, when it comes to taking that vacation you’ve put off for a year.

The Saint-Jean bay on the French Caribbean island of Saint-Barthelemy.

Photographer: Helene Valenzuela/Getty Images

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