Morning Brief – March 15th 2021
Americas
Treasury Secretary Janet Yellen says U.S. inflation risks remain subdued as the Biden administration pumps $1.9 trillion in pandemic relief into the economy and a return to full employment comes into view https://t.co/2ZCU1P03ZT
— Bloomberg Economics (@economics) March 15, 2021
#Biden Eyes First Major Tax Hike Since 1993 in Next Economic Plan – Bloomberg
*Link: https://t.co/XFY9YiHxYz pic.twitter.com/jCSSu8YFnT— Christophe Barraud (@C_Barraud) March 15, 2021
Fed Chair Jerome Powell could find himself in a tough spot this week, having to defend his ultra-easy monetary policy outlook amid a quickening economic recovery that’s ignited fears of inflation (via @catarinasaraiva) https://t.co/JJCG1kVrzp
— Bloomberg Economics (@economics) March 15, 2021
#Covid_19: Daily Summary (March 15th)
➡ News
➡ Regional/national data
➡ Vaccine trackerhttps://t.co/pm6byopEI2— Christophe Barraud (@C_Barraud) March 15, 2021
US comes under pressure to share vaccines with rest of world https://t.co/ERo0SDZVl7 pic.twitter.com/7kf169t6Ur
— The Hill (@thehill) March 15, 2021
Asia
-Japan, Hong Kong stocks ⬆️
-Ten-year Treasury yields trade around a one-year high
-China’s CSI 300 Index ⬇️1.7%
-South Korea stocks ⬇️
-Oil rises to $66.22https://t.co/6lsm80kbwq pic.twitter.com/RFEzcTKuet— Bloomberg Asia (@BloombergAsia) March 15, 2021
#CHINA'S #CHINEXT INDEX EXTENDS DECLINE TO 5.1% – BBG
— Christophe Barraud (@C_Barraud) March 15, 2021
#China | Industrial production, retail sales growth beat forecasts
*Data distorted because of comparisons from lockdown a year ago
*Link: https://t.co/Dg9jlBAVOf pic.twitter.com/uE2LoHClgX— Christophe Barraud (@C_Barraud) March 15, 2021
China’s home prices grow the most in six months on lower supply https://t.co/nHZvDiLQwm
— Bloomberg Economics (@economics) March 15, 2021
#China keeps interest rate unchanged for 11th straight month, rolls over 100 billion yuan of medium-term loans – SCMPhttps://t.co/vUzGT2HQ1k
— Christophe Barraud (@C_Barraud) March 15, 2021
#Japan | #BOJ seeks flexibility on $55bn ETF target in bull market – Nikkeihttps://t.co/eJd6AR6T2a
— Christophe Barraud (@C_Barraud) March 15, 2021
The Bank of Japan is considering releasing an analysis of the potential impact of lowering its negative interest rate to show its determination to use this option if needed https://t.co/jYNjn6ToVF
— Bloomberg Economics (@economics) March 15, 2021
#Japan | Upgrades exceed downgrades 3-fold in FY2020 earnings as vaccines boost hope – Kyodohttps://t.co/lo5on6Q7AT
— Christophe Barraud (@C_Barraud) March 15, 2021
India’s foreign-exchange reserves surpassed Russia’s to became the world’s fourth largest https://t.co/TKd9XCS98j
— Bloomberg Economics (@economics) March 15, 2021
"China’s capital and a wide swath of the country’s north were enveloped Monday in the worst sandstorm in a decade, leading to the cancelation of hundreds of flights…'This is the most intense sandstorm weather our country has seen in 10 years.'"https://t.co/PzlppXtER3
— Jonathan Cheng (@JChengWSJ) March 15, 2021
Europe
Powell needs to reconcile better outlook, ultra-easy policy
Biden eyes first major tax hike since 1993 in next economic plan
Yellen says U.S. inflation risk remains small, "manageable"
Here's a rundown of your top economic news today https://t.co/iDi5kusx3k— Bloomberg Economics (@economics) March 15, 2021
#Europe #Covid_19: Daily Summary (March 15th)
Special focus on ⚠ #France ⚠
Data for #Germany, #Spain and #Italyhttps://t.co/a7xDKIu1KL
— Christophe Barraud (@C_Barraud) March 15, 2021
#Germany | Merkel’s Party Slumps to Historic Low in German State Votes – Bloomberghttps://t.co/eQXzGuaaYk
— Christophe Barraud (@C_Barraud) March 14, 2021
Mark Rutte leads a crowded field in the Dutch vote. Here's what to watch https://t.co/dJiNbQI2AY
— Bloomberg Asia (@BloombergAsia) March 15, 2021
EU Preparing to Start #Brexit Legal Action Against U.K. on Monday – Bloomberghttps://t.co/6CFYqNVhEn
— Christophe Barraud (@C_Barraud) March 15, 2021
BoE's Bailey more positive on outlook, shows no worry about rise in yields https://t.co/d0hpLw7Ixz pic.twitter.com/bztriqvwJi
— Reuters Business (@ReutersBiz) March 15, 2021
The Bank of Russia is considering moving faster than previously signaled to tighten monetary policy this year (via @AndrianovaAnna & @ainefquinn) https://t.co/18xHNLmoel
— Bloomberg Economics (@economics) March 15, 2021
⚠ Week Ahead – w11 (2021) ⚠https://t.co/nWtOHQdNGM
— Christophe Barraud (@C_Barraud) March 15, 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