Markets
Dow closes more than 300 points higher, snaps 5-day losing streak as bank shares rebound https://t.co/rWKA1emiNP
— CNBC Now (@CNBCnow) March 14, 2023
Regional US bank stocks rallied, with First Republic jumping as much as 28% in US premarket trading, as concern eased about wider contagion https://t.co/HYf4kX7F4w
— Bloomberg Markets (@markets) March 14, 2023
Economic Indicators and Prospects
Higher rents boost US consumer prices in February https://t.co/zumZM2jLoy pic.twitter.com/QiH7KKNHgb
— Reuters (@Reuters) March 14, 2023
Owners’ equivalent rent (OER) portion of February CPI up +8.0% y/y pic.twitter.com/4v9X1GoKk9
— Liz Ann Sonders (@LizAnnSonders) March 14, 2023
Cleveland Fed: Median CPI increased 0.6% and Trimmed-mean CPI increased 0.5% in February https://t.co/X21SZxJr0L
— Bill McBride (@calculatedrisk) March 14, 2023
Note that Owners' Equivalent Rent and Rent of Primary Residence account for 1/3 of median CPI, and these measures were up 8.8% annualized. pic.twitter.com/w17iUfi4Mo
February @NFIB Small Business Optimism Index rose to 90.9 vs. 90.3 est. & 90.3 in prior month … net % of firms expecting better economy fell to -47% pic.twitter.com/RwjfzEsleO
— Liz Ann Sonders (@LizAnnSonders) March 14, 2023
🇺🇸 #Inflation | A net 38% of owners reported raising average selling prices, down 4ppts from a month earlier and the lowest since Apr. 2021, according to NFIB.
— Christophe Barraud🛢🐳 (@C_Barraud) March 14, 2023
*A net 25% of respondents are planning price hikes in the next 3 months, also a smaller share than in Jan.
Housing
Builder cancellation rates normalizing as of February should help as well (chart below). It'll be interesting to hear what $LEN has to say tomorrow on the trend. pic.twitter.com/QutntZi4rP
— Rick Palacios Jr. (@RickPalaciosJr) March 14, 2023
Monetary Policy
🇺🇸 #Fed Weighs Tougher Rules for Midsized Banks After #SVB’s Collapse – Bloomberghttps://t.co/BIoaU00NYD
— Christophe Barraud🛢🐳 (@C_Barraud) March 15, 2023
Warren urges Powell to recuse from SVB probe, demands answers of ex-bank CEO https://t.co/5XRWGhnwry pic.twitter.com/EKiatNWbJq
— Reuters (@Reuters) March 14, 2023
At the Fed, Lael Brainard warned that too much deregulation would lead to bank failures. Now at the White House, she's trying to contain the fallout from the SVB debacle https://t.co/2WQh2ibC7u
— Bloomberg (@business) March 14, 2023
Politics
Ron DeSantis, breaking with many prominent Republicans, attacks US policy in Ukraine, saying that the country has more important priorities https://t.co/7vEK9aaAYr
— Bloomberg (@business) March 14, 2023
Trade, Supply Chain and Geopolitics
🔵 US RELEASES A THIRD OF ELECTRONICS DETAINED UNDER CHINA FORCED LABOR LAW, DATA SHOWS
— PiQ (@PriapusIQ) March 14, 2023
– Full story via Reuters at https://t.co/yzd3fZYe7h pic.twitter.com/5t4T9zVSTa
Russian fighter jet collides with US surveillance drone over Black Sea, causing complete loss of drone, US military says https://t.co/vwCvcutbb3
— BBC Breaking News (@BBCBreaking) March 14, 2023
The US has begun an aggressive new push to inflict pain on Russia’s economy and specifically its oligarchs with the intent of thwarting the Kremlin’s invasion of Ukraine https://t.co/wu9r8IfjdY
— Bloomberg (@business) March 14, 2023
Economic Indicators and Prospects
🇨🇳 #China Steps Up Cash Support as Growth Recovery Mops Up Liquidity – Bloomberg
— Christophe Barraud🛢🐳 (@C_Barraud) March 15, 2023
*China injected the biggest amount of cash to its financial system in more than two years via medium-term loan ⚠https://t.co/MzxvvcNiHq pic.twitter.com/IlYRiJJBzL
🇯🇵 #Japan's big firms offer largest pay rises in decades – Reutershttps://t.co/2sdxbTquww
— Christophe Barraud🛢🐳 (@C_Barraud) March 15, 2023
Housing
⚡#CN_Note
— CN Wire (@Sino_Market) March 15, 2023
An infection point appeared in #China’s #realestate industry. The sales area of commercial housing was 151.33 million square meters, a y/y decrease of 3.6%, the decline has significantly narrowed. The Real estate development prosperity index rebounded for 2 months.🇨🇳 https://t.co/TUpe1fVC3U pic.twitter.com/OW9Jj3zxo9
Monetary Policy
🇨🇳 #China Steps Up Cash Support as Growth Recovery Mops Up Liquidity – Bloomberg
— Christophe Barraud🛢🐳 (@C_Barraud) March 15, 2023
*China injected the biggest amount of cash to its financial system in more than two years via medium-term loan ⚠https://t.co/MzxvvcNiHq pic.twitter.com/IlYRiJJBzL
Minutes Of The Monetary Policy Meeting – BoJ
— LiveSquawk (@LiveSquawk) March 14, 2023
– Important To Continue With Monetary Easing
– Members Agreed Japan's Economy Expected To Recover
– Members Agreed Japan's Inflation Likely To Slow Toward Latter Half Of Next Fiscal Yearhttps://t.co/Pjqgt62mZe
Trade, Supply Chain and Geopolitics
South Korea’s president sees a deal to end a feud with Japan opening the way to better business ties that could bolster global supply chains of semiconductors https://t.co/RsjfcFuH32
— Bloomberg Politics (@bpolitics) March 15, 2023
Chinese President Xi Jinping is rebooting his image as a global statesman — and he’s already got a significant win under his belt https://t.co/ugutdCKYWB
— Bloomberg (@business) March 14, 2023
Learning from Ukraine, Taiwan Shows Off Its Drones as Key to ‘Asymmetric Warfare’ https://t.co/dACtLHz1Th
— The Japan News (@The_Japan_News) March 15, 2023
Honduras to seek China relations, pressuring Taiwan ahead of US trip https://t.co/C28xb2og7b pic.twitter.com/6zUKkidbr3
— Reuters (@Reuters) March 15, 2023
Markets
European markets head for lukewarm open after Wall Street bank stocks rebound https://t.co/5nZt2wDTwp
— CNBC (@CNBC) March 15, 2023
Economic Indicators and Prospects
German Wholesale Price Index (M/M) Feb: 0.1% (prev 0.2%)
— LiveSquawk (@LiveSquawk) March 15, 2023
– Wholesale Price Index (Y/Y) Feb: 8.9% (prev 10.6%)
French CPI EU Harmonised (Y/Y) Feb F: 7.3% (exp 7.2%; prev 7.2%)
— LiveSquawk (@LiveSquawk) March 15, 2023
– CPI EU Harmonised (M/M) Feb F: 1.1% (exp 1.0%; prev 1.0%)
– CPI (Y/Y) Feb F: 6.3% (exp 6.2%; prev 6.2%)
– CPI (M/M) Feb F: 1.0% (exp 0.9%; prev 0.9%)
Swedish CPI (Y/Y) Feb: 12.0% (exp 11.7%; prev 11.7%)
— LiveSquawk (@LiveSquawk) March 15, 2023
– CPI (M/M) Feb: 1.1% (exp 0.9%; prev -1.1%)
🇪🇺 My proxies and regional surveys suggest #Eurozone industrial production for Jan. should surprise downward on a MoM basis.
— Christophe Barraud🛢🐳 (@C_Barraud) March 15, 2023
*Bloomberg consensus:
+0.3%e v -1.7% prior
Monetary Policy
🇪🇺 #ECB likely to stick to big rate hike despite banking turmoil, source says – Reutershttps://t.co/8pliqfQOJs
— Christophe Barraud🛢🐳 (@C_Barraud) March 15, 2023
Fiscal Policy
Hunt has limited room for maneuver on UK budget https://t.co/FZ1CICQyC2 via @PhilAldrick pic.twitter.com/raJIf4nUak
— Zoe Schneeweiss (@ZSchneeweiss) March 14, 2023
Politics
French PM bets there will be majority to vote pension reform https://t.co/24yYVxWt0Q
— Newsd (@GetNewsd) March 14, 2023
French protesters take to the streets as pension bill nears showdown https://t.co/BEzkpPkWXz via @SamyAdghirni @WHorobin pic.twitter.com/z21OyycKzI
— Zoe Schneeweiss (@ZSchneeweiss) March 15, 2023
Energy
Spain’s imports of Russian LNG have soared since the invasion of Ukraine, highlighting how dependent Europe remains on Moscow despite efforts to slash energy ties https://t.co/5Gur56r2kt
— Bloomberg Economics (@economics) March 14, 2023
Trade, Supply Chain and Geopolitics
Norway to buy 6 maritime helicopters produced by Lockheed Martin to strengthen its border defenses and presence in the High North https://t.co/KUe8PeGEiM
— Bloomberg (@business) March 14, 2023
Turkey might not need Russian S-400 batteries in order to protect itself as its homegrown equipment increasingly takes on that role, a major Turkish manufacturer says https://t.co/hq6yfxux7V
— Bloomberg (@business) March 14, 2023
🔵 FRANCE SAYS IRAN BREACHING INTERNATIONAL TREATY WITH PRISONER DETENTIONS
— PiQ (@PriapusIQ) March 14, 2023
– Full story via Reuters at https://t.co/JXaijMdL7X pic.twitter.com/0eHJKI5MU7
Ukraine Latest: Poland May Transfer MiG29 Jets in Coming Weeks https://t.co/7aSc3QZDR6
— Piotr Skolimowski (@Skolimowski) March 14, 2023
⚠ #WeekAhead: Week 11 (2023) ⚠
— Christophe Barraud🛢🐳 (@C_Barraud) March 13, 2023
🇪🇺 #ECB Meeting
🇺🇸 🌎 #SVB Fallout
🇺🇸 U.S. CPI
🇬🇧 UK Budget
🇨🇳 Chinese Data
🌎 #OECD Outlook
…https://t.co/wjVpO2uKyU