Morning Brief – January 28th 2021
Americas
WATCH: The Dow plunged 633 points or 2%. The selling was even worse for the S&P 500 and Nasdaq which dropped more than 2-and-a-half percent https://t.co/STO8ZWLxkk pic.twitter.com/XNYL1WFrew
— Reuters Business (@ReutersBiz) January 28, 2021
More than 800,000 new users joined r/wallstreetbets in the last 24 hours – Bloomberg
*Link: https://t.co/w9ed80N9bD pic.twitter.com/YsuvVz0Eyv— Christophe Barraud (@C_Barraud) January 28, 2021
Hedge-Fund Titans Lose Billions to Reddit Traders Running Amok – Bloomberghttps://t.co/l6MMflknSK
— Christophe Barraud (@C_Barraud) January 28, 2021
Fed's Powell: Don't blame us for GameStop frenzy https://t.co/zfxImZIWXW pic.twitter.com/c5xc8RUGA9
— Reuters Business (@ReutersBiz) January 28, 2021
#Fed’s Powell More Worried by Cool Economy Than Hot Markets – Bloomberghttps://t.co/VdiBV7AaNM
— Christophe Barraud (@C_Barraud) January 28, 2021
#Covid_19: Daily Summary (January 28th)
➡ Regional/national data
➡ Restrictions (Easing)
➡ Vaccine Trackerhttps://t.co/7kvi4HSQND— Christophe Barraud (@C_Barraud) January 28, 2021
Poll: Biden hits 54 percent approval, higher than Trump ever hit https://t.co/DBmPvXA10t pic.twitter.com/xXZyEMqawP
— The Hill (@thehill) January 28, 2021
#Biden’s Early #Climate Blitz Goes Faster, Further Than Expected – Bloomberg
*His climate advisor, Gina McCarthy, commit Wednesday to “the most aggressive” carbon cut the U.S. can make. https://t.co/qsaaSUTcMV— Christophe Barraud (@C_Barraud) January 28, 2021
#Biden administration delays Chinese military investment ban – FThttps://t.co/jlgylwWkdr
— Christophe Barraud (@C_Barraud) January 28, 2021
Asia
Asia stocks drop after Wall Street suffers biggest sell-off of 2021 https://t.co/XbMSUW9Z0s
— Financial Times (@FT) January 28, 2021
China uses anal swabs to test for COVID-19 https://t.co/esYfmfrg00 pic.twitter.com/hZzoHkce3P
— The Hill (@thehill) January 28, 2021
#China | #Beijing Tightens Entry Ahead of Major Chinese Political Meetings – Bloomberghttps://t.co/AhFhksPfTJ
— Christophe Barraud (@C_Barraud) January 28, 2021
#China | The ChiNext index of stocks, where leverage is rampant, fell almost 3%. pic.twitter.com/yHVjTlO7Kw
— Christophe Barraud (@C_Barraud) January 28, 2021
#China’s Crackdown Will Shake Up World’s Largest Fintech Market – Bloomberg
*Link: https://t.co/hVzz7U4j1O pic.twitter.com/0kWzxP4p2h— Christophe Barraud (@C_Barraud) January 28, 2021
The China Securities Journal said the central bank will probably offer “necessary support at an appropriate time” to address any shortage before the weeklong Lunar New Year holiday, which begins in two weeks.
*Link (Chinese): https://t.co/t1nt4nZMOt— Christophe Barraud (@C_Barraud) January 28, 2021
#China’s local governments face a record amount of maturing off-balance sheet debt this year – Bloomberg
*About 2.14 trillion yuan ($330 billion) of bonds sold by local government financing vehicles, or LGFVs, will mature this year, according to Bloomberg calculations, pic.twitter.com/jllEPraxjp— Christophe Barraud (@C_Barraud) January 28, 2021
#CHINA LIKELY TO AVOID SETTING 2021 GDP TARGET – SOURCES – RTRS
— Christophe Barraud (@C_Barraud) January 28, 2021
The annual meetings of China’s top legislature and political advisers is set to convene from March 4, charged with approving the country’s 5-year economic plan https://t.co/YJ1HFrNQuR
— Bloomberg Economics (@economics) January 28, 2021
Thailand’s Finance Ministry cut its economic forecast for 2021 to 2.8% from the 4.5% expected in October, factoring in the resurgence of Covid-19 https://t.co/K23XnP6Cek
— Bloomberg Economics (@economics) January 28, 2021
Why Taiwan is the most volatile issue between the U.S. and China https://t.co/tWiNvqIv16
— Bloomberg Economics (@economics) January 28, 2021
Europe
Turkish central banker gets another chance to prove he's a hawk
Kenya economy slumps into recession
UK high streets are emptying at the fastest pace on record
Here's a rundown of your top economic news today https://t.co/uGtq9hM4yS— Bloomberg Economics (@economics) January 28, 2021
#Europe #Covid_19: Daily Summary (January 28th)
*Focus on #Germany, #Spain, #France and #Italy
HT @FLAHAULT, @rki_de, @ngbpadel2, @mianrey, @ramonfornose, @nicolasberrod, @starjoin, @gforestier, @Fabien_L, @Corriere https://t.co/fHveIDqYUF
— Christophe Barraud (@C_Barraud) January 28, 2021
*NOVARTIS IN TALKS TO HELP PRODUCE #COVID VACCINES, THERAPEUTICS – BBG
*NOVARTIS LOOKS TO `DO ITS PART' TO HELP IN PANDEMIC: CEO
*NOVARTIS CEO: `INCREDIBLE' THAT WE ALREADY HAVE 3 COVID SHOTS— Christophe Barraud (@C_Barraud) January 28, 2021
French company Valneva has started manufacturing its coronavirus vaccine candidate in Scotland.
The UK has an agreement to secure early access to the first 60 million doses, with an option to buy more if the jab gets approved. https://t.co/wyK3YjqHlA
— POLITICOEurope (@POLITICOEurope) January 28, 2021
That meeting between AstraZeneca and EU officials? It happened.
The EU emerged empty-handed, failing to secure a new commitment from the company that announced its first vaccine delivery will be some 75 million doses short of expectations. https://t.co/BVPaBLDjKq
— POLITICOEurope (@POLITICOEurope) January 28, 2021
EasyJet posts an 88% plunge in revenue drop and says it expects to fly at only 10% of normal capacity this quarter https://t.co/d7nbQB9bkg
— Bloomberg Asia (@BloombergAsia) January 28, 2021
The ECB is ready to use all the tools necessary to stimulate inflation, and is keeping a close eye on the euro’s appreciation, Governing Council member Olli Rehn says https://t.co/gaT09LCno5
— Bloomberg Economics (@economics) January 28, 2021
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