Morning Brief – February 16th 2021
Americas
#Covid_19: Daily Summary (February 16th)
➡ News
➡ Restrictions
➡ Regional/national data
➡ Vaccine trackerhttps://t.co/Z8zDS7VgI1— Christophe Barraud (@C_Barraud) February 16, 2021
It confirms that the US economy will benefit from the reopening phase sooner than expected, reinforcing my call that GDP will exceed expectations in 2021. https://t.co/5W48c1Ll1q
— Christophe Barraud (@C_Barraud) February 16, 2021
In this scenario, total excess savings should exceed $2Trn in early 2Q and would translate into a bounce of real PCE. Coupled with a global synchronised recovery, GDP will probably skyrocket in 2Q, creating a very strong base effect for the full year.
— Christophe Barraud (@C_Barraud) February 16, 2021
Democrats quickly pivot back to President Biden’s priorities, particularly his $1.9 trillion stimulus and confirming his cabinet https://t.co/oorZTHI8eh
— Bloomberg Asia (@BloombergAsia) February 16, 2021
Details of House Democrats’ Cash Payments and Tax Credit Expansions – Institute on Taxation and Economic Policy (ITEP)
*Link: https://t.co/9TWknYmBxc pic.twitter.com/lIjpfVg4Xw— Christophe Barraud (@C_Barraud) February 16, 2021
Asia
Get the latest free-to-read coronavirus updates here:
— South Africa asks India's Serum Institute to take back vaccines
— Tokyo reports 350 new infectionshttps://t.co/JBBWVFWimr— Nikkei Asia (@NikkeiAsia) February 16, 2021
What's next for Japan's blue-chip stock index? https://t.co/3ON1fVpgfs
— Bloomberg Asia (@BloombergAsia) February 16, 2021
Tokyo Olympics delay leaves sponsors facing losses and lawsuits#Olympics https://t.co/m1WFWmXtaD
— Nikkei Asia (@NikkeiAsia) February 16, 2021
Australia's central bank sees very significant monetary support needed for some time https://t.co/XNqKu4pOTh
— Bloomberg Economics (@economics) February 16, 2021
BOJ's Kuroda says stock boom reflects economic optimism, defends ETF scheme https://t.co/3S6TOYPFrl pic.twitter.com/LlRqn4qIu8
— Reuters Business (@ReutersBiz) February 16, 2021
BREAKING: Singapore plans to spend S$11 billion ($8.3 billion) to speed up the recovery of households and businesses after the economy suffered its worst year since independence https://t.co/Asb0nKf6ve #SGBudget2021 pic.twitter.com/0kjQlJ93Xi
— Bloomberg Asia (@BloombergAsia) February 16, 2021
#China targets rare earth export curbs to hobble US defence industry – FThttps://t.co/6vsP8k1fuU
— Christophe Barraud (@C_Barraud) February 16, 2021
Europe
Swiss wealth tax rakes in cash as Covid revives global debate
UK may need $84 billion of tax increases to balance the books
WTO formally picks Okonjo-Iweala as its first female leader
Here's a rundown of your top economic news today https://t.co/3JzoHI5HQB— Bloomberg Economics (@economics) February 16, 2021
#Europe #Covid_19: Daily Summary (February 16th)
*Focus on #Germany, #Spain, #France and #Italyhttps://t.co/8MTno4cdBy
— Christophe Barraud (@C_Barraud) February 16, 2021
#France | Retail sales data for January were somehow encouraging. Despite the postponement of the sales period (from 20 Jan. this year, whereas it started on 8 Jan. last year) and curfew tightening, they were still up 1% compared to 4Q average.
*Link: https://t.co/irTC12DEF8 pic.twitter.com/cnWIGrJHva— Christophe Barraud (@C_Barraud) February 16, 2021
Passenger-car sales in Europe’s five biggest markets tumbled by more than a quarter last month after lockdowns to combat the pandemic shuttered dealerships and consumers shied away from large purchases https://t.co/ycVSUT5tUA
— Bloomberg Economics (@economics) February 16, 2021
#France Expects Imminent EU Backing for Corporate Recovery Plan – Bloomberg
*The French government has proposed a program to partially guarantee billions of euros of so-called participatory loans to improve corporate balance sheets.https://t.co/sMIkwC17I6— Christophe Barraud (@C_Barraud) February 16, 2021
France calls to step up EU independence on electronic components https://t.co/fcGcXwlyvQ pic.twitter.com/LtNQLfYmoA
— Reuters Business (@ReutersBiz) February 15, 2021
Germany is looking for a deal with the U.S. over the controversial Russian gas project https://t.co/WOIcJGJPkB
— Bloomberg Asia (@BloombergAsia) February 16, 2021
The UK could need tax increases of about 60 billion pounds if Chancellor Rishi Sunak wants to balance the books https://t.co/WH15m8BJwZ
— Bloomberg Economics (@economics) February 16, 2021
*Most Read:
US Growth Will Exceed Expectations In 2021
US Home Prices Rose At The Fastest Pace On Record
Week Ahead – w7 (2021)