Morning Brief – February 10th 2021
Americas
The Nasdaq scaled a new closing high, but the Dow and S&P 500 both slipped marginally lower as investors rotated out of large-cap tech names and into other sectors expected to benefit from a proposed $1.9 trillion stimulus bill. Read more https://t.co/8HdjTKBmJT pic.twitter.com/HiDsmmn3yT
— Reuters Business (@ReutersBiz) February 10, 2021
The U.S. housing boom isn't limited to suburbia https://t.co/9lqMLQ3IOr pic.twitter.com/XhqmZ6RNYQ
— Bloomberg TV (@BloombergTV) February 9, 2021
#Covid_19: Daily Summary (February 10th)
➡ Regional/national data
➡ Vaccine trackerhttps://t.co/1UFXC4pMpn— Christophe Barraud (@C_Barraud) February 10, 2021
President Biden’s push to reopen U.S. schools collides with his pledge to support teachers who are seeking more Covid protections https://t.co/JkM3myH9PQ
— Bloomberg Asia (@BloombergAsia) February 10, 2021
House Plans Medicaid, Drug Price Reforms: #Stimulus Update – Bloomberghttps://t.co/zXaeNJU6Iw
— Christophe Barraud (@C_Barraud) February 10, 2021
The committee also plans to provide $25 billion for a new program at the Small Business Administration offering assistance to restaurants; grants are available for up to $10 million per entity with a $5 million limit per physical location.
*Link: https://t.co/n3CuphJlH4 pic.twitter.com/BvPlp1jyXQ— Christophe Barraud (@C_Barraud) February 9, 2021
Democrats Cut Off Relief Checks at $200,000 Household Income – Bloomberg
*Link: https://t.co/ovSmJbWIMx pic.twitter.com/TxiDMAp8LZ— Christophe Barraud (@C_Barraud) February 10, 2021
Surging Inflation May Force #Fed to Resort to Yield Curve-Control – Bloomberghttps://t.co/pkgKxMkSTF
— Christophe Barraud (@C_Barraud) February 10, 2021
Asia
Chinese stocks extend gains in their last trading day before the Lunar New Year holiday.
Kuaishou is up over 5%
Tencent rises after winning approval for games in China
Hong Kong Exchanges is higher after announcing a new CEOhttps://t.co/yz9RLiONCE pic.twitter.com/jS7p99qgDu— Bloomberg Next China (@next_china) February 10, 2021
Evergrande unveils three more pure electric cars in electric vehicle push https://t.co/XdPMuaNeO6
— Bloomberg Asia (@BloombergAsia) February 10, 2021
Coronavirus latest: South Korea to approve AstraZeneca vaccine
Follow the latest COVID-19 news on Nikkei Asia's free blog. #COVID #vaccinehttps://t.co/sC1ulBwnKP
— Nikkei Asia (@NikkeiAsia) February 10, 2021
India’s capital New Delhi didn’t report any coronavirus-related deaths for the first time in nine months https://t.co/KMkKku2tzb
— Bloomberg Asia (@BloombergAsia) February 10, 2021
China’s factory prices increase for the first time in a year https://t.co/CJwVB0iFEm
— Bloomberg Economics (@economics) February 10, 2021
#BOJ MAY SEEK TO CLARIFY IN MARCH POLICY REVIEW IT HAS ROOM TO DEEPEN NEGATIVE INTEREST RATES – JIJI – RTRS
— Christophe Barraud (@C_Barraud) February 10, 2021
The Bank of Japan is reluctant to scrap its targets for stock fund purchases at its policy review next month as it could give the impression it is dialing back its stimulus https://t.co/my40ZOQcQB
— Bloomberg Economics (@economics) February 10, 2021
Many are fleeing Hong Kong as China tightens its grip. The number could approach one million in the coming five years. https://t.co/Bnshfqx7Gt
— Bloomberg Asia (@BloombergAsia) February 10, 2021
Myanmar Braces for More Anti-Coup Protests as Crackdown Looms https://t.co/njSxjgVwCq
— Bloomberg Asia (@BloombergAsia) February 10, 2021
Europe
Bank of Italy veteran in the frame to be Draghi's finance minister
Real-time data say Brexit dent to trade isn't improving
UK's lowest-paid struggle most to find new work in crisis
Here's a rundown of your top economic news today https://t.co/i7v916mFcz— Bloomberg Economics (@economics) February 10, 2021
#Europe #Covid_19: Daily Summary (February 10th)
*Focus on #Germany, #Spain, #France and #Italyhttps://t.co/VqHedz1PPC
— Christophe Barraud (@C_Barraud) February 10, 2021
#GERMANY PLANS LOCKDOWN EXTENSION UNTIL MARCH 14: TAGESSPIEGEL – BBG
— Christophe Barraud (@C_Barraud) February 10, 2021
Mario Draghi’s yet-to-be fulfilled leadership of Italy’s next government is keeping people guessing about how much he will draw upon prior career roles (via @Alemrome) https://t.co/RaF13ZJFWh
— Bloomberg Economics (@economics) February 10, 2021
*EURO-AREA RECOVERY IS FRAGILE, FACES DOWNSIDE RISKS: DE COS – BBG
*DE COS: AMPLE MONETARY STIMULUS CONTINUES TO BE NECESSARY
*DE COS: #ECB READY TO ADJUST ALL INSTRUMENTS AS NEEDED— Christophe Barraud (@C_Barraud) February 10, 2021
Sweden’s central bank is keeping its benchmark interest rate at zero, saying the severity of the current crisis means it will take years before inflation is close to its target https://t.co/MspqiaYNDG
— Bloomberg Economics (@economics) February 10, 2021
The impact of Britain’s departure from the EU’s single market isn’t letting up after 5 weeks of the new trade deal (via @lizzzburden) https://t.co/TM6nZC9s80
— Bloomberg Economics (@economics) February 10, 2021
Top EU diplomat to propose new sanctions against #Russia – ABC Newshttps://t.co/6I99VeK52l
— Christophe Barraud (@C_Barraud) February 10, 2021
*Most Read:
US Growth Will Exceed Expectations In 2021
Week Ahead – w6 (2021)