Morning Brief – February 26th 2021
Americas
WATCH: Wall Street ends sharply lower, tech selloff weighs as bond yields climb https://t.co/S1CoRqlIi4 pic.twitter.com/pBQ9tNVhkz
— Reuters Business (@ReutersBiz) February 26, 2021
#SPX | More than 90% of S&P 500 Index members fell on Thursday, the most since Oct. 28, as the equity benchmark posted its biggest rout in almost a month – Bloomberg pic.twitter.com/PV99AQzj3X
— Christophe Barraud (@C_Barraud) February 26, 2021
The yield on the benchmark 10-year note reached the highest in more than a year Thursday at 1.52% and was just above the S&P 500 Index dividend yield – Bloomberg pic.twitter.com/ZtCA5ADb16
— Christophe Barraud (@C_Barraud) February 26, 2021
After Jerome Powell spent two days saying the economy is in no state to be thinking about monetary tightening, financial markets suddenly started pricing in a rapid – and perhaps too-hot – recovery https://t.co/bPygIAaxTu
— Bloomberg Economics (@economics) February 26, 2021
#Housing | U.S. #Home #Loan Purchase Applications Crashed To A 9-Month Low https://t.co/ctfhlH8dNa
— Christophe Barraud (@C_Barraud) February 25, 2021
Biden's minimum-wage increase ruled out of order for Senate bill https://t.co/kX68e2W8bx
— Bloomberg Economics (@economics) February 26, 2021
Democratic lawmakers say they'll work on making the expanded child tax credit in Biden’s $1.9 trillion pandemic-relief bill permanent https://t.co/raX0OmLkp1
— Bloomberg Economics (@economics) February 25, 2021
#Covid_19: Daily Summary (February 26th)
➡ News
➡ Restrictions (easing)
➡ Regional/national data
➡ Vaccine trackerhttps://t.co/JHy41WNpM3— Christophe Barraud (@C_Barraud) February 26, 2021
#Biden Trade Pick Says #China Must Deliver on Phase-One Pact – Bloomberghttps://t.co/ZVkL9KAfQ1
— Christophe Barraud (@C_Barraud) February 26, 2021
#Saudi Crown Prince Implicated in Khashoggi Murder, U.S. Finds – Bloomberghttps://t.co/HNXrPazEHc
— Christophe Barraud (@C_Barraud) February 26, 2021
Asia
-U.S. futures ⬆️
-South Korea stocks fall 3%
-Japan, Australia, Hong Kong and China stocks ⬇️
-Yield on 10-year Treasuries slips five basis points to 1.47%
-Oil declines to $63 https://t.co/61vC8XbI2khttps://t.co/R3i9E84z2P— Bloomberg (@business) February 26, 2021
#Asia Stocks Plunge Most in 11 Months in Broad Rout, #Tech Slumps – Bloomberg
*Link: https://t.co/kx29jPsZDG pic.twitter.com/NHqa50p04r— Christophe Barraud (@C_Barraud) February 26, 2021
LIVE: Here's how Asia-Pacific markets are moving after a bruising session for U.S. shares and Treasuries and as global bonds continue to sell off https://t.co/9laOxw8NYn https://t.co/L0QSbnYLWe
— Bloomberg Asia (@BloombergAsia) February 26, 2021
Exclusive: China's Huawei, reeling from U.S. sanctions, plans foray into EVs – sources https://t.co/SFljVFd82X pic.twitter.com/SJIXXegNoP
— Reuters Business (@ReutersBiz) February 26, 2021
JUST IN: Japan is set to lift states of emergency in its western regions, public broadcaster NHK reports https://t.co/P540kD9AxH
— Bloomberg Asia (@BloombergAsia) February 26, 2021
As yields creep up, BOJ's Kuroda calls for 'stably low' rates https://t.co/hlFjJmLciw pic.twitter.com/wqnstraH9c
— Reuters Business (@ReutersBiz) February 26, 2021
Japanese factories increased output in January for the first time in three months, despite a renewed state of emergency to contain the coronavirus https://t.co/d6GsopzDAP
— Bloomberg Economics (@economics) February 26, 2021
Australia and New Zealand are showing the world what post-virus recovery may look like https://t.co/95VeAKiYDR
— Bloomberg Asia (@BloombergAsia) February 26, 2021
#China's economy could grow 8-9% this year from low base in 2020: central bank adviser – Reutershttps://t.co/1hm5e6iHmI
— Christophe Barraud (@C_Barraud) February 26, 2021
China "must" set a GDP growth target this year, says government think-tank researcher https://t.co/goW49QiODm
— Bloomberg Economics (@economics) February 26, 2021
#China State Media Says #Biden’s Early Policy ‘Smacks of Trumpism’ – Bloomberghttps://t.co/ntU77F19bB
— Christophe Barraud (@C_Barraud) February 26, 2021
Europe
Biggest foreign-worker exodus since WWII adds to Britain's woes
Italy's springboard to technocrat stardom goes to Signorini
Race for OECD top job narrows as Hildebrand drops out
Here's a rundown of your top economic news today https://t.co/nWsHaCIUaK— Bloomberg Economics (@economics) February 26, 2021
#Europe #Covid_19: Daily Summary (February 26th)
Special focus on ⚠ #France ⚠
Data for #Germany, #Spain and #Italyhttps://t.co/Yb6b5vB0uz
— Christophe Barraud (@C_Barraud) February 26, 2021
Britain will unveil Phase 2 of its coronavirus inoculation program today.
It will recommend rolling jabs out according to age, rather than profession, numerous government sources confirmed.
London Playbook has the details https://t.co/OGi1XBfhpT pic.twitter.com/rLRvVcfSgQ
— POLITICOEurope (@POLITICOEurope) February 26, 2021
French inflation was stronger than estimated in February while Spanish prices unexpectedly resumed their decline https://t.co/v7lZ13mVBl
— Bloomberg Asia (@BloombergAsia) February 26, 2021
Major reset of EU-UK relations being considered by EU – RTEhttps://t.co/p7E5fj0opV
— Christophe Barraud (@C_Barraud) February 26, 2021
BoE Governor Bailey: We Do Expect A Negative Quarter This Quarter – Daily Echo https://t.co/LayC4XEMW7
— LiveSquawk (@LiveSquawk) February 26, 2021
*Most Read:
US Growth Will Exceed Expectations In 2021
U.S. Housing Prices Index Rose At The Fastest Pace Since April 2014
U.S. Home Loan Purchase Applications Crashed To A 9-Month Low