Morning Brief – March 22nd 2021

Americas

Ghost of Horrific Treasury Auction Haunts Bond Market on Brink – Bloomberg
A battered Treasuries market faces another trying week as it will have to absorb a massive slate of auctions.https://t.co/Jgx47JZxL8

— Christophe Barraud (@C_Barraud) March 22, 2021

"I don't think we are looking at the kind of deficit spending that puts us at risk of a move up in inflation that becomes entrenched."@StephanieKelton talks about deficits with @TheStalwart @CarolineHydeTV & @romainebostick

Kelton on Odd Lots podcast➡ https://t.co/W4eFFydqLE pic.twitter.com/KrwfNJtlJS

— Bloomberg TV (@BloombergTV) March 21, 2021

U.S. inflation risks mount along with debt concern, survey shows https://t.co/XNh6ESI8AS

— Bloomberg Economics (@economics) March 22, 2021

President Biden's economic team is determined to make good on his campaign pledge to raise taxes on the rich, emboldened by mounting data showing how well America’s wealthy did financially during the pandemic https://t.co/t35P2C0am0

— Bloomberg Economics (@economics) March 22, 2021

#Covid_19: Daily Summary (March 22nd)
➡ News
➡ Regional/national data
➡ Vaccine trackerhttps://t.co/qDphvHpGzq

— Christophe Barraud (@C_Barraud) March 22, 2021

The U.S.'s climate envoy, John Kerry, will join his Chinese counterpart, Xie Zhenhua, at a virtual climate conference on Tuesday – WSJ
*#China will chair the meeting of top officials from dozens of European countries, the European Union and Canada.

— Christophe Barraud (@C_Barraud) March 22, 2021

After the first high-level U.S.-China talks during the Biden administration ended with no agreements, some top former officials in Beijing still saw potential areas of cooperation to move the relationship forward https://t.co/Hg4OtYT8IC

— Bloomberg Economics (@economics) March 22, 2021

#Housing | Existing Home Sales For February Will Decline More Than Expectedhttps://t.co/pwD4bV9VKl

— Christophe Barraud (@C_Barraud) March 21, 2021

Asia

-Turkey's lira slumps after the central bank chief is fired
-Hedge funds predict a new surge of money into Asia
-China's crusade against risk torments markets

Here are some of the things you need to know at the start of Asia's trading dayhttps://t.co/HfgeobcXe6

— Bloomberg Asia (@BloombergAsia) March 22, 2021

The Philippines’ economic planning agency on Monday said it prefers smaller, targeted restrictions over a wider lockdown to contain the spread of coronavirus, as infections reach records https://t.co/LIQL2pw92w

— Bloomberg Asia (@BloombergAsia) March 22, 2021

#SouthKorea | Moon Sees Stronger Korea Recovery in 2021 Than Earlier Expected – Bloomberghttps://t.co/G8EsqRhDQR

— Christophe Barraud (@C_Barraud) March 22, 2021

#SouthKorea March 1-20 Exports Y/Y: +12.5% v +9.5% in February (full month)
– Average Daily Exports Y/Y: +16.1%❗ v +26.4% in February (full month)
*Link (Korean): https://t.co/3Az2Po2XOY pic.twitter.com/wKCEX2RaZT

— Christophe Barraud (@C_Barraud) March 22, 2021

#Taiwan’s Export Orders Keep Soaring on Robust Tech Demand – Bloomberg
*Link: https://t.co/DAKsfaqGd1 pic.twitter.com/KQhC25hoFx

— Christophe Barraud (@C_Barraud) March 22, 2021

China customs data show it may be masking imports of sanctioned Iranian crude https://t.co/eM7N6CvNk6

— Bloomberg Economics (@economics) March 22, 2021

China may beat its climate goals by peaking emissions in 2028 and hitting net-zero in 2055, its former grid chief says https://t.co/kCR5mlkIia

— Bloomberg Economics (@economics) March 22, 2021

Europe

Turkey's Erdogan fires yet another central bank chief
EU's plodding stirs ECB concerns as the U.S. delivers stimulus
UK's crisis ground zero is ready for reconstruction
Here's a rundown of your top economic news today https://t.co/KVjBzjb1uk

— Bloomberg Economics (@economics) March 22, 2021

#Europe #Covid_19: Daily Summary (March 22nd)

Special focus on ⚠ #France ⚠

Data for #Germany, #Spain and #Italyhttps://t.co/IKKOasOgkk

— Christophe Barraud (@C_Barraud) March 22, 2021

#Vaccine Battle Heats Up With EU Ready to Halt U.K. Shipments – Bloomberghttps://t.co/3DffteMhyV

— Christophe Barraud (@C_Barraud) March 22, 2021

#Turkey Says No Step Back From Free Markets After Lira Crash – Bloomberghttps://t.co/dMoJ9dL3n0

— Christophe Barraud (@C_Barraud) March 22, 2021

#TURKEY'S STOCK INDEX FALLS 6.7% AFTER CENTRAL BANK CHIEF OUSTER – BBG
*BORSA ISTANBUL BANKS INDEX FALLS 8.1% AT OPEN, TRADING HALTED

— Christophe Barraud (@C_Barraud) March 22, 2021

“The measures to contain the pandemic are on average stricter in the current quarter than in the previous quarter. Therefore, economic output will probably decline sharply in the first quarter of 2021,” Germany’s Bundesbank says in its monthly report – Bloomberg

— Christophe Barraud (@C_Barraud) March 22, 2021

#ITALY PLANS UP TO EU30B IN EXTRA AID FOR BUSINESSES: MESSAGGERO – BBG

— Christophe Barraud (@C_Barraud) March 22, 2021

Brexit reality stokes fears for the peace in Northern Ireland https://t.co/qWNvWVSLFR pic.twitter.com/zFSGAuax0U

— Reuters UK (@ReutersUK) March 22, 2021

EU Prepares #China Sanctions Over Human Rights Abuses – Bloomberghttps://t.co/pxilltxSV6

— Christophe Barraud (@C_Barraud) March 22, 2021

Week Ahead

⚠ Week Ahead – w12 (2021) ⚠https://t.co/peSL9kWNBa

— Christophe Barraud (@C_Barraud) March 22, 2021

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