Morning Brief – March 16th 2021
Americas
A rally in shares of Apple lifted the Dow and S&P 500 to record highs in a choppy session ahead of this week’s Federal Reserve policy meeting https://t.co/mWxxcu8kYt pic.twitter.com/UlOGrhNz7O
— Reuters Business (@ReutersBiz) March 16, 2021
US retail investors poised to deploy stimulus cheques in #stocks – FT
*Link: https://t.co/mUhycPzG7W pic.twitter.com/pI83AHeYJl— Christophe Barraud (@C_Barraud) March 16, 2021
#NewYork Manufacturing Expands Most Since 2018 as Prices Climb – Bloomberg
*Link: https://t.co/IH06nhfm9H pic.twitter.com/IuSl211p9g— Christophe Barraud (@C_Barraud) March 15, 2021
U.S. Drivers Are Burning More #Gas, a Trend Likely to Continue – Bloomberg
*Link: https://t.co/5n4fsBKc7Lhttps://t.co/TmNM5wnBKC— Christophe Barraud (@C_Barraud) March 16, 2021
*BOFA CEO: CONSUMER SPENDING UP 10% SO FAR VERSUS MARCH 2020 – BBG
*BOFA: MARCH SMALL-BUSINESS CREDIT TO EXCEED PRE-COVID LEVELS
*BOFA CEO: CONSUMER DELINQUENCIES BACK TO PRE-CRISIS LEVELS
*BOFA CEO: STIMULUS COMING INTO ACCOUNTS TODAY, TOMORROW— Christophe Barraud (@C_Barraud) March 15, 2021
U.S. Economic Growth Will Easily Top 6 Percent In 2021https://t.co/QgqD3Tj1VN
— Christophe Barraud (@C_Barraud) March 11, 2021
Goldman Economists Turn Even More Bullish on U.S. Growth, Hiring https://t.co/00guPwXF4Q
— Bloomberg Asia (@BloombergAsia) March 16, 2021
Goldman Sachs forecast 2% 10-year yield – says not a problem for equities https://t.co/hbDwlBE20f
— ForexLive (@ForexLive) March 16, 2021
#HedgeFunds Kicked Off 2021 With $49 Billion Sale of Treasuries – Bloomberg
*Funds were the biggest net seller of U.S. bonds in January.
*Link: https://t.co/WyQIbOwCs9 pic.twitter.com/G5brYuGR7E— Christophe Barraud (@C_Barraud) March 16, 2021
Yellen to meet religious leaders, NGO group pushing for debt relief https://t.co/MVEnrkDeG0 pic.twitter.com/zWCnoK2unT
— Reuters Business (@ReutersBiz) March 16, 2021
Size Matters For Biden's Infrastructure Package… Which Goldman Ssys Could Reach $4 Trillion https://t.co/KkS7mZ0atq
— zerohedge (@zerohedge) March 15, 2021
Sen. Susan Collins (R-Maine) was asked today how the GOP would react to a Biden economic package w/tax increases.
She responded with a laugh: “I would not anticipate that it would be well received,” and added that was an understatement.
Via hill pool @caphilltrish
— Joseph Zeballos-Roig (@josephzeballos) March 15, 2021
US Senators Urge Biden To Drop Trade Waivers – RTRShttps://t.co/jnu0OHFwTw
— LiveSquawk (@LiveSquawk) March 15, 2021
A bipartisan group of senators introduced a bill to revamp the 1962 trade law that Trump used to justify tariffs on national-security grounds https://t.co/kf0l99Qoeg
— Bloomberg Economics (@economics) March 16, 2021
#Covid_19: Daily Summary (March 16th)
➡ News
➡ Regional/national data
➡ Vaccine trackerhttps://t.co/QR16G23KDQ— Christophe Barraud (@C_Barraud) March 16, 2021
Asia
-Australia’s S&P/ASX 200 Index climbs 1.2%.
-Hong Kong, China, South Korea and Japan stocks ⬆️
-Oil falls below $65 a barrel
-Bitcoin slides to trade around $54,000
-European futures ⬆️https://t.co/LKF0QxgLks pic.twitter.com/fLDWjIfsK1— Bloomberg Asia (@BloombergAsia) March 16, 2021
LATEST: Shares in China Mobile were up 1.8% in early trading in Hong Kong, after rising as much as 2.5% https://t.co/VM2eVfbPzl pic.twitter.com/6k5VQz7rL2
— Bloomberg (@business) March 16, 2021
#China to strengthen anti-trust regulatory powers: state media – Reutershttps://t.co/xG0aeHRgmT
— Christophe Barraud (@C_Barraud) March 16, 2021
#China | Xi Jinping Warns Against #Tech Excess in Sign Crackdown Will Widen – Bloomberghttps://t.co/nArR77GmmO
— Christophe Barraud (@C_Barraud) March 16, 2021
UBS Raises #China GDP Call to 9% as Biden Stimulus Drives Exports – Bloomberg
*Link: https://t.co/kieOdnACKM pic.twitter.com/JB5wtmXs3y— Christophe Barraud (@C_Barraud) March 16, 2021
Goldman Sees Limited Boost from #China’s $308 Billion Cash Hoard – Bloomberghttps://t.co/CFb2bJ6AMZ
— Christophe Barraud (@C_Barraud) March 16, 2021
The Bank of Japan’s policy review to shore up its stimulus for the longer term is set to land this week https://t.co/NQG9FWPBca
— Bloomberg Economics (@economics) March 16, 2021
BOJ's Kuroda stresses need to keep yield curve 'stably low' https://t.co/tKZWfqlm0J pic.twitter.com/L7SN36Frb9
— Reuters Business (@ReutersBiz) March 16, 2021
Japan may decide on March 18 whether to end Tokyo's COVID-19 emergency#coronavirus https://t.co/QASgYj9qvU
— Kyodo News | Japan (@kyodo_english) March 15, 2021
‘Just not going to happen’: US warns #China over Australian trade stoush – SMH
*The US will not grant China any improvement in relations until #Beijing stops its economic coercion of #Australia, a senior White House official said.https://t.co/vUJm0cbqRw— Christophe Barraud (@C_Barraud) March 16, 2021
Europe
BOE breaks from the ECB's effort to curb market rates
Czech rate setter calls for caution as market sees summer hike
French economy set for stronger 2021 as restrictions hurt less
Here's a rundown of your top economic news today https://t.co/hgcamxfw3Y— Bloomberg Economics (@economics) March 16, 2021
#Europe #Covid_19: Daily Summary (March 16th)
Special focus on ⚠ #France ⚠
Data for #Germany, #Spain and #Italyhttps://t.co/kzcPBHVw27
— Christophe Barraud (@C_Barraud) March 16, 2021
French Economy Set for Stronger 2021 as Restrictions Hurt Less – Bloomberg
*Link: https://t.co/YHwaIc3R2X pic.twitter.com/PyoTYph0PQ— Christophe Barraud (@C_Barraud) March 16, 2021
ECB ups bond buys to cap rise in yieldshttps://t.co/D029cKD4wr
— Stalingrad & Poorski (@Stalingrad_Poor) March 15, 2021
For those of you looking at weekly #PEPP purchase numbers, let me give you a brief explainer how to read our numbers. For PEPP, there are three types of publications: weekly, monthly and bimonthly. #NerdyThread #ECBWatchers #Servicetweet @ecb 1/11 https://t.co/iKnL114AYZ
— Isabel Schnabel (@Isabel_Schnabel) March 15, 2021
#ECB TO MAKE SURE YIELDS REMAIN IN STEP WITH ECONOMY: LANE IN FT – BBGhttps://t.co/ZJZEJiIFgU
— Christophe Barraud (@C_Barraud) March 16, 2021
Norway’s central bank is likely to keep its key policy rate unchanged when it meets on Thursday, but Bloomberg Economics expects policy makers to tweak the outlook for rates to flag a liftoff this year https://t.co/CnvSOHeEs5
— Bloomberg Asia (@BloombergAsia) March 16, 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