G7: Will intensify cooperation on health response to COVID-19

In a joint statement after Friday's meeting, G7 noted that they will work together to beat the COVID-19 and to build back together, as reported by Reuters.

Additional takeaways

"Will make 2021 a turning point for multilateralism and to shape a recovery that promotes the health and prosperity of our people and planet."

"Will intensify cooperation on the health response to COVID-19."

"COVI-19 shows that the world needs stronger defences against future risks to global health security."

"Will engage with others, especially g20 countries including large economies such as China."

"Will consult with each other on collective approaches to address non-market oriented policies and practices."

"Will harness the digital economy with data free flow with trust."

"We support the commitment of Japan to hold the Olympic and Paralympic Games in Tokyo."

Market reaction

The market mood remains upbeat following this statement and the S&P 500 Index was last seen gaining 0.28% on a daily basis at 3,925.