Morning Brief – February 24th 2021
Americas
Wall Street reversed its losses with the S&P 500 and the Dow reclaiming positive territory by the close in a tug-of-war between stocks that thrived amid lockdowns https://t.co/b6b4liCEcj pic.twitter.com/zGFrATNCyT
— Reuters Business (@ReutersBiz) February 24, 2021
Powell Signals #Fed to Keep Buying Bonds Even as Outlook Improves – Bloomberghttps://t.co/jV2a2zSVWn
— Christophe Barraud (@C_Barraud) February 24, 2021
Stop Toasting Powell and Think About Regime Change – Bloomberg
*Another great piece from @johnauthers
*Link: https://t.co/6bOZwW3E1U pic.twitter.com/yL61un9ETD— Christophe Barraud (@C_Barraud) February 24, 2021
U.S. #Housing Prices Index Rose At The Fastest Pace Since April 2014https://t.co/oHhaOTbu8c
— Christophe Barraud (@C_Barraud) February 23, 2021
US Conf. Board Consumer Confidence Feb: 91.3 (est 90.0; prev r 88.9)
– Present Situation Feb: 92.0 (prev r 85.5)
– Expectations Feb: 90.8 (prev r 91.2)— LiveSquawk (@LiveSquawk) February 23, 2021
Top Democrat Says House Will Vote on Friday: #Stimulus Update – Bloomberghttps://t.co/qTBaiq9117
— Christophe Barraud (@C_Barraud) February 24, 2021
U.S. House plans vote on COVID-19 aid bill on Friday https://t.co/2aMSttGfMV pic.twitter.com/sjckpidgh2
— Reuters Business (@ReutersBiz) February 24, 2021
#California Gov. Gavin Newsom signs $7.6 billion stimulus package with $600 stimulus payments – ABC7https://t.co/XcXOCVhuhh
— Christophe Barraud (@C_Barraud) February 24, 2021
#Covid_19: Daily Summary (February 24th)
➡ News
➡ Regional/national data
➡ Vaccine trackerhttps://t.co/3TAsRa1h60— Christophe Barraud (@C_Barraud) February 24, 2021
Top U.S. Senate Democrat directs lawmakers to craft bill to counter #China – Reutershttps://t.co/ri1H7ehJp1
— Christophe Barraud (@C_Barraud) February 24, 2021
US and allies to build '#China-free' #tech supply chain – Nikkeihttps://t.co/TaEMe42LMl
— Christophe Barraud (@C_Barraud) February 24, 2021
President Joe Biden met virtually with Canadian Prime Minister Justin Trudeau on Tuesday, in what the White House is billing as the first formal bilateral meeting of Biden’s presidency https://t.co/j45gKg6wtl
— Bloomberg Economics (@economics) February 23, 2021
Asia
-Shares in Japan, South Korea and Australia ⬇️
-Hong Kong stocks slide on plan to raise equity-trading stamp duty
-Australia’s 10-year bond yield rises to 1.60%
-Oil declines to $61.15
-Gold ⬆️https://t.co/h10gsKsFya pic.twitter.com/ipPmql26YW— Bloomberg (@business) February 24, 2021
#CHINA TRADERS SELL RECORD $2.6B #HONGKONG STOCKS AS HKEX SINKS – BBG
— Christophe Barraud (@C_Barraud) February 24, 2021
#HongKong | Each permanent resident over the age of 18 will get coupons of HK$5,000 designed to be spent in shops, bars and restaurants, which have been badly hit by the pandemic and enforced closures. https://t.co/kG25XVopcl
— Christophe Barraud (@C_Barraud) February 24, 2021
Here are the winners and losers in Hong Kong's $15.5 billion budget https://t.co/MSKLxxZLgS
— Bloomberg Asia (@BloombergAsia) February 24, 2021
#Steel rebar futures in Shanghai headed for the highest close in almost a decade after #China’s top steelmaking region ordered production curbs to head off a bout of #pollution.
*Link (Chinese): https://t.co/tsmhtHMSiA— Christophe Barraud (@C_Barraud) February 24, 2021
Japan Finance Minister Aso: First-quarter GDP will no doubt undershoot fourth-quarter https://t.co/l0qpSZ2jr6 pic.twitter.com/hMIEBWRIkK
— Reuters Business (@ReutersBiz) February 24, 2021
New Zealand’s central bank says "prolonged monetary stimulus” remains necessary https://t.co/d0fxdhE0er
— Bloomberg Economics (@economics) February 24, 2021
The Reserve Bank of India is concerned that cryptocurrencies may impact financial stability https://t.co/glcx05ekGm
— Bloomberg Economics (@economics) February 24, 2021
Europe
France's latest plan to save businesses has Europe intrigued
Lagarde has grown ECB balance sheet by more than Draghi
Sunak to spend billions saving UK jobs in next 4 months
Here's a rundown of your top economic news today https://t.co/trBqYfc79k— Bloomberg Economics (@economics) February 24, 2021
#Europe #Covid_19: Daily Summary (February 24th)
Special focus on ⚠ #France ⚠
Data for #Germany, #Spain and #Italyhttps://t.co/606srjKVji
— Christophe Barraud (@C_Barraud) February 24, 2021
AstraZeneca said it is working to "achieve delivery of 180 million doses to the EU in the second quarter," after a media report to the contrary.
Half of the doses should come from the company's EU supply chain, with the rest to come from other countries.https://t.co/KDZpAdK7oO
— POLITICOEurope (@POLITICOEurope) February 24, 2021
#France’s Latest Plan to Save Businesses Has #Europe Intrigued – Bloomberghttps://t.co/ev6xm9e9TU
— Christophe Barraud (@C_Barraud) February 24, 2021
Germany’s economy performed better than expected at the end of 2020, growing 0.3% https://t.co/AC0mltmgNG
— Bloomberg Economics (@economics) February 24, 2021
#BOE Rate-Hike Bets Pick Up Leaving Option Traders Wanting More – Bloomberg
*Link: https://t.co/uFWxfLVwW6 pic.twitter.com/pkfEV1atEK— Christophe Barraud (@C_Barraud) February 24, 2021
Scotland’s Former First Minister Alex Salmond and his successor, Nicola Sturgeon, will appear before parliament this week.
If Sturgeon is found guilty, she could lose her job and bring down the Scottish Independence cause.
Their feud, explained https://t.co/5dUr50joPS
— POLITICOEurope (@POLITICOEurope) February 24, 2021
*Most Read:
US Growth Will Exceed Expectations In 2021
U.S. Housing Prices Index Rose At The Fastest Pace Since April 2014
Week Ahead – w8 (2021)