Morning Brief – March 17th 2021
Americas
The S&P 500 ended lower, weighed down by energy and industrial stocks, as investors awaited the result of the Federal Reserve’s two-day policy meeting. More here: https://t.co/HUqh2tn9So pic.twitter.com/bfwSEMU1Gd
— Reuters Business (@ReutersBiz) March 17, 2021
*U.S. RETAIL SALES DECREASED 3.0% IN FEB.; EST. -0.5%https://t.co/fha52Bbdrx
— Christophe Barraud (@C_Barraud) March 16, 2021
*U.S. FEB. INDUSTRIAL PRODUCTION FALLS 2.2% M/M; EST. 0.3% https://t.co/QEFU1X8PWM
— Christophe Barraud (@C_Barraud) March 16, 2021
The rotation into cyclical stocks since November has further to go, Goldman Sachs says https://t.co/6Ie1FU3Hf2
— Bloomberg Asia (@BloombergAsia) March 17, 2021
The U.S. House approved a two-month extension of a popular U.S. small-business rescue program that still has almost $93 billion left to distribute https://t.co/pYVO2s4Kia
— Bloomberg Economics (@economics) March 17, 2021
Biggest Banks Plan to Distribute Stimulus Money on Wednesday – Bloomberghttps://t.co/Zsfi8ZPix1
— Christophe Barraud (@C_Barraud) March 17, 2021
Current forecasts for US growth for 2021, 2022, and 2023. If largely correct, the US will grow to over 12% its current size. That’s a lot demand coming the table.
Question remains whether the Fed will/should allow inflation to run hot beyond the short term that’s coming. pic.twitter.com/6jszbmIifB
— David Ingles (@DavidInglesTV) March 17, 2021
The five-year Treasury breakeven inflation rate has surged above the comparable 10-year rate since Democrats won the U.S. Senate in January, taking the spread to the most negative levels on record in data stretching back to 2002 – Bloomberg pic.twitter.com/GHmppzOOkn
— Christophe Barraud (@C_Barraud) March 16, 2021
Biden Wants Corporate Tax Hike, Help for Families Making $110K, Aide Says – Bloomberghttps://t.co/8fq0FHJj69
— Christophe Barraud (@C_Barraud) March 17, 2021
Here's how capital gains taxed and what's Biden might do to change that https://t.co/sO7ZAdvaHx
— Bloomberg Economics (@economics) March 17, 2021
#Senate centrists weigh brokering deals on immigration, minimum wage – Politicohttps://t.co/k7Sp2GHbdn
— Christophe Barraud (@C_Barraud) March 17, 2021
U.S. Cautions Meeting With #China Unlikely to Yield Breakthrough – Bloomberghttps://t.co/XVT3HZEXsh
— Christophe Barraud (@C_Barraud) March 17, 2021
US has assessed #NorthKorea could be preparing to carry out first weapons test since Biden took office – CNNhttps://t.co/uNNvvSWsRn
— Christophe Barraud (@C_Barraud) March 17, 2021
Asia
Samsung says it may have to delay the introduction of one of its key smartphones due to a “serious” imbalance in the semiconductor industry https://t.co/B54sgWAcKY
— Bloomberg Economics (@economics) March 17, 2021
Hong Kong’s unemployment rate rose in February to the highest level in almost 17 years as the city remains under restrictions limiting tourism and commerce https://t.co/OGa45NNfR5
— Bloomberg Economics (@economics) March 16, 2021
#Japan's factory mood improves further in March – Reuters Tankanhttps://t.co/U0HZsR0CzA
— Christophe Barraud (@C_Barraud) March 17, 2021
Japanese exports fell in February for the first time in three months, dropping more than economists expected, as the timing of Lunar New Year holidays cut business days in China while the coronavirus and extreme weather weighed on other key markets https://t.co/dbOH8sYVC0
— Bloomberg Asia (@BloombergAsia) March 17, 2021
#JAPAN'S SUGA RECOMMENDS MARCH 21 TO LIFT TOKYO VIRUS EMERGENCY – BBG
— Christophe Barraud (@C_Barraud) March 17, 2021
Investors Pile Pressure on Yield Curve Pioneers #Japan, #Australia – Bloomberg
*Link: https://t.co/Ges9o4kESb pic.twitter.com/RbPBX0xHGx— Christophe Barraud (@C_Barraud) March 17, 2021
China will risk “huge economic losses” if it tries to curb asset bubbles through monetary policy tightening, a former central bank official warned https://t.co/Ykw6muskK3
— Bloomberg Economics (@economics) March 17, 2021
Australian small business failures are expected to rise as the government withdraws Covid-19 support, says the RBA's Christopher Kent https://t.co/fbfKCRZWzJ
— Bloomberg Economics (@economics) March 17, 2021
Europe
Norges bank to drop hints on timing of rate hike
Central bank boss hails renewed faith in Latvia after scandals
Fed's dot plot may back up Powell's patience
Here's a rundown of your top economic news today https://t.co/hipPqNn9Ni— Bloomberg Economics (@economics) March 17, 2021
#Europe #Covid_19: Daily Summary (March 17th)
Special focus on ⚠ #France ⚠
Data for #Germany, #Spain and #Italyhttps://t.co/YgPF9xRn7h
— Christophe Barraud (@C_Barraud) March 17, 2021
*GERMAN VACCINE MEETING TO TAKE PLACE THURSDAY 4PM: BUS. INSIDER – BBG
— Christophe Barraud (@C_Barraud) March 17, 2021
#EU recovery stimulus may prove too little: ECB's Schnabel – Reutershttps://t.co/fz5BTdsVEK
— Christophe Barraud (@C_Barraud) March 17, 2021
#GERMANY | *MERKEL ADVISERS CUT GERMAN GROWTH FORECAST, WARN ON RECOVERY – BBG
*MERKEL ADVISERS CUT 2021 GERMAN GROWTH FORECAST TO 3.1% VS 3.7%
*MERKEL ADVISERS SEE RETURN TO PRE-VIRUS LEVELS AT TURN OF YEAR— Christophe Barraud (@C_Barraud) March 17, 2021
#ECB'S KAZIMIR: BOND YIELDS MUST REFLECT ECONOMIC FUNDAMENTALS – BBG
*ECB'S KAZIMIR SAYS EU FISCAL RESPONSE IS LAGGING BEHIND U.S.
*ECB'S KAZIMIR: EURO-AREA YIELD GAINS ARE NOT DRAMATIC FOR NOW— Christophe Barraud (@C_Barraud) March 16, 2021
Merkel’s bloc sinks below 30% support in new German poll https://t.co/9XtVXjf6sS
— Bloomberg Asia (@BloombergAsia) March 17, 2021
#Greece Tries First 30-Year Debt Sale Since 2008 Financial Crisis – Bloomberghttps://t.co/6BdcHPusv7
— Christophe Barraud (@C_Barraud) March 17, 2021
U.K. plans to cut industrial pollution by two-thirds in 15 years https://t.co/grf0rqBUIU
— Bloomberg Economics (@economics) March 17, 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