Morning Brief – April 7th 2021
Americas
Markets
The S&P 500 slipped but stayed near closing record highs posted in consecutive sessions as investors assessed strong economic data ahead of earnings season. Read more here: https://t.co/DiP17Iwk34 pic.twitter.com/5dMZqvPMJM
— Reuters Business (@ReutersBiz) April 7, 2021
Fiscal Policy
President Joe Biden ramps up pressure on Republicans to support his $2.25 trillion infrastructure plan by appealing directly to GOP voters https://t.co/S75LOTqayG
— Bloomberg Asia (@BloombergAsia) April 7, 2021
Yellen’s global tax plan is on the level of Trump’s China trade war, writes @davidfickling. Winning would benefit middle- and working-class taxpayers. But victory is far from (via @bopinion) https://t.co/O86TiaYPCK
— Bloomberg Economics (@economics) April 6, 2021
Monetary Policy
Biden says he hasn’t spoken with Fed Chair Jerome Powell since taking office, citing respect for the central bank’s independence and marking a sharp turn from Trump https://t.co/Obs4Ft4gxY
— Bloomberg Economics (@economics) April 7, 2021
Geopolitics and Trade
The U.S and Vietnam will work through differences over the dong and timber practices, the U.S. envoy to Vietnam says https://t.co/NyqNbteYM0
— Bloomberg Economics (@economics) April 7, 2021
The U.S. said it will consult with allies about how to handle the 2022 Winter Olympics in Beijing, generating discussion of a possible boycott over China’s human-rights record https://t.co/P6bwBcjDxG
— Bloomberg Economics (@economics) April 7, 2021
Covid-19
#Covid_19: Daily Summary (April 7th)
➡ News
➡ Restrictions (easing)
➡ Regional/national data
➡ Vaccine trackerhttps://t.co/lz5hBhNNAY— Christophe Barraud (@C_Barraud) April 7, 2021
The U.S. government won’t issue so-called vaccine passports, though the Biden administration plans to help companies develop the credentials https://t.co/OMvlHspiiF
— Bloomberg Economics (@economics) April 6, 2021
Asia
Covid-19
Beijing is putting up color-coded signs on buildings in its financial district to indicate what percentage of workers inside have received Covid-19 vaccines https://t.co/HuX1zP1kwu
— Bloomberg Asia (@BloombergAsia) April 7, 2021
Thailand may unveil more measures to control the outbreak as a new wave of Covid-19 infections sweeps Bangkok https://t.co/4ww8Da5qSL
— Bloomberg Asia (@BloombergAsia) April 7, 2021
India’s 7-day average of new confirmed virus cases just breached 90,000. Looks like it’s now surpassed last September’s peak. pic.twitter.com/1SRfymo74Y
— David Ingles (@DavidInglesTV) April 7, 2021
Other News
*INDIAN RUPEE FALLS 1.1% TO 74.2201/USD; WEAKEST SINCE NOV. 23 – BBG (following GS cut)
*I also ⬇ my GDP forecast 2 weeks ago:
➡ A new double mutant variant of the #Covid_19 has been detected in #India
➡ The months-long Kumbh Mela festival took place despite Covid fears
— Christophe Barraud (@C_Barraud) April 7, 2021
#Japan | Analysis: Even as it tapers, #BOJ invents new weapon to stimulate growth – Reutershttps://t.co/NxXSyX6CIR
— Christophe Barraud (@C_Barraud) April 7, 2021
#China’s Epic Battle With Capital Flows Is More Intense Than Ever – Bloomberg
*Link: https://t.co/eJG9g3vYax pic.twitter.com/qW2Z2jYRbr— Christophe Barraud (@C_Barraud) April 7, 2021
China’s foreign-currency holdings dropped for a third straight month in March as the dollar strengthened and global bond yields rose https://t.co/rcQn5eetK5
— Bloomberg Economics (@economics) April 7, 2021
Europe
Covid-19
#Europe #Covid_19: Daily Summary (April 7th)
Special focus on ⚠ #France ⚠
Data for #Germany, #Spain and #Italyhttps://t.co/u2dVk3HeGi
— Christophe Barraud (@C_Barraud) April 7, 2021
Hungary reported a daily record in Covid-19 related deaths on the day it started easing virus curbs, reinforcing concerns that the relaxation of rules came too early https://t.co/9WMaZOA8vd
— Bloomberg Asia (@BloombergAsia) April 7, 2021
Other News
“We should have a strong rebound in 2021,” says French Finance Minister Bruno Le Maire as the country remains under lockdown https://t.co/8oveNnDkdM pic.twitter.com/p1Mw3bl6DC
— Bloomberg TV (@BloombergTV) April 7, 2021
French Finance Minister Bruno Le Maire is concerned about the slow rollout of the European Union’s joint recovery fund, saying governments are putting the rebound from the pandemic at risk (via @flacqua, @WHorobin & @JReganReg) https://t.co/BvR1MLW7z0
— Bloomberg Economics (@economics) April 7, 2021
Activity in the UK‘s service industries in March grew at the fastest pace since August as businesses prepared for the easing of Covid-19 restrictions https://t.co/C5zJjeUtmJ
— Bloomberg Economics (@economics) April 7, 2021
Euro-zone companies are returning to broad-based growth, with factories booming and confidence high that vaccinations will soon end the coronavirus crisis https://t.co/bvstat00jl
— Bloomberg Economics (@economics) April 7, 2021
Europeans Are Optimistic About Global Tax Agreement by June – Bloomberghttps://t.co/pjeHDYphU5
— Christophe Barraud (@C_Barraud) April 7, 2021
Other Areas & Global Economy
The IMF upgraded its global economic growth forecast for the second time in three months, while warning about widening inequality https://t.co/6AkWUFmNOg pic.twitter.com/FNV78QxB3Y
— Bloomberg TV (@BloombergTV) April 7, 2021
Millions are tumbling out of the global middle class in historic setback
Brazil’s budget impasse to leave eonomy chief in tougher spot
France signals progress in U.S. talks on global, digital tax
Here’s a rundown of your top economic news today https://t.co/VhT8ciBPNP— Bloomberg Economics (@economics) April 7, 2021
G20 agree to boost IMF war chest by $650 billion amid pandemic: draft https://t.co/AiiygV5VI0 pic.twitter.com/fNpS2LAbtB
— Reuters Business (@ReutersBiz) April 7, 2021
Week Ahead
⚠ Week Ahead – w14 (2021) ⚠https://t.co/WdHPYp1tnx
— Christophe Barraud (@C_Barraud) April 5, 2021
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