Morning Brief – March 12th 2021
Americas
SoftBank-backed Coupang was valued at around $109 billion in its market debut after South Korea’s largest e-commerce company raised around $4.6 billion in the biggest U.S. IPO this year. Read more here: https://t.co/PHXE1oDeeG $CPNG pic.twitter.com/ipiwyaPAQ9
— Reuters Business (@ReutersBiz) March 12, 2021
U.S. Treasury Secretary Janet Yellen said Americans would begin receiving $1,400 relief payments in their bank accounts this weekend https://t.co/yPKEMDwbha
— Bloomberg Asia (@BloombergAsia) March 12, 2021
U.S. Economic Growth Will Easily Top 6 Percent In 2021https://t.co/QgqD3Tj1VN
— Christophe Barraud (@C_Barraud) March 11, 2021
Biden’s $4 trillion Build Back Better plan faces plenty of hurdles beyond Republicans https://t.co/7pQoBie4xO via @BW
— Bloomberg Asia (@BloombergAsia) March 12, 2021
#Housing | U.S. #Mortgage #Refinancing Index Fell To A 5-Month Lowhttps://t.co/loAnTteCWt
— Christophe Barraud (@C_Barraud) March 11, 2021
#Covid_19: Daily Summary (March 12th)
➡ News
➡ Restrictions (easing)
➡ Regional/national data
➡ Vaccine trackerhttps://t.co/7tFO6b0Ia4— Christophe Barraud (@C_Barraud) March 12, 2021
U.S., #China Clash Over How to Describe Crucial First Meeting – Bloomberghttps://t.co/R7xc89j0RL
— Christophe Barraud (@C_Barraud) March 12, 2021
U.S. Imposes New #5G License Limits on Some #Huawei Suppliers – Bloomberghttps://t.co/vTzT3gTnz2
— Christophe Barraud (@C_Barraud) March 12, 2021
Asia
Coronavirus latest: Japan to get 100m doses of Pfizer jab by June
Follow the latest #COVID19 news on Nikkei Asia's free blog.https://t.co/zhGcZPXxXO
— Nikkei Asia (@NikkeiAsia) March 12, 2021
Australia won't pause the rollout of AstraZeneca's Covid-19 vaccine, even as some European countries temporarily suspend use of the shots while possible blood clots are investigated https://t.co/diIPaNJ9Cl
— Bloomberg Asia (@BloombergAsia) March 12, 2021
Thailand is finalizing a rescue plan for tourism-related businesses that are near collapse from the pandemic https://t.co/iSpiiw8T5e
— Bloomberg Asia (@BloombergAsia) March 12, 2021
The Bank of Japan will take a more flexible stance on buying stock funds and tweak its yield curve control framework while holding back from major policy changes, survey shows https://t.co/pNZ83WNxKJ
— Bloomberg Asia (@BloombergAsia) March 11, 2021
Japan January machinery orders seen down for first time in four months – Reuters poll https://t.co/ubt4s4bFpu pic.twitter.com/v3KbzUVw8t
— Reuters Business (@ReutersBiz) March 12, 2021
#China Lays Plans to Tame #Tech Giant Alibaba – WSJhttps://t.co/HxrlMw3EX9
— Christophe Barraud (@C_Barraud) March 11, 2021
⚡️ “Indo-Pacific ‘Quad’ leaders meet for first time”
Here are some details on #Quadsummit on Friday.#Quadhttps://t.co/fsyA7hKcCn
— Nikkei Asia (@NikkeiAsia) March 12, 2021
The U.S., Australia, Japan and India are set to join hands to build a rare-earth procurement chain to counter the dominance China plays in supplying these crucial elements to makers of everything from smartphones to EV batteries.#Quad #Quadsummithttps://t.co/6DbMhbNfVI
— Nikkei Asia (@NikkeiAsia) March 12, 2021
Europe
Here's a rundown of your top economic news today https://t.co/gSqBNby7YG
— Bloomberg Asia (@BloombergAsia) March 12, 2021
#Europe #Covid_19: Daily Summary (March 12th)
Special focus on ⚠ #France ⚠
Data for #Germany, #Spain and #Italyhttps://t.co/p2BrMPD3Jo
— Christophe Barraud (@C_Barraud) March 12, 2021
#ITALY MAY BE IN LOCKDOWN FOR EASTER APRIL 3-5: HEALTH MINISTER – BBG
— Christophe Barraud (@C_Barraud) March 12, 2021
Italy is weighing stringent new restrictions that could effectively send many regions, including those surrounding Milan and Rome, into full lockdown amid a resurgence in the pandemic https://t.co/zA5jjKjber
— Bloomberg Asia (@BloombergAsia) March 12, 2021
#ECB policymakers agree on bond purchase target, differ on yield level aim: sources – Reuters
*Buys would not be as high as the 100 billion euros a month but it would still be well above the 60 billion euros worth of bonds the ECB bought last month.https://t.co/r6FWkbKued— Christophe Barraud (@C_Barraud) March 11, 2021
A widening yield gap between Europe and U.S. is complicating the ECB’s job (via @johnainger & @carolynnlook) https://t.co/75eBxUK3Ne
— Bloomberg Economics (@economics) March 12, 2021
#Eurozone Jan. Ind. Output Up 0.8% M/m; Est. Up 0.5% M/m
*Industrial output up 0.1% y/y; est. down 1.9% y/yhttps://t.co/ywoDJYljSx— Christophe Barraud (@C_Barraud) March 12, 2021
#Italy set to launch 40-bln euro fund for virus-hit companies – Reutershttps://t.co/jpiJlh9E8F
— Christophe Barraud (@C_Barraud) March 11, 2021
The UK economy shrank less than expected in January during a lockdown to control the coronavirus that closed schools and all non-essential stores https://t.co/cLa0IWOlmj
— Bloomberg Economics (@economics) March 12, 2021
*Most Read:
U.S. Economic Growth Will Easily Top 6 Percent In 2021
U.S. Total Excess Personal Savings Will Be A Massive Economic Boost From 2Q
US Growth Will Exceed Expectations In 2021