Morning Brief – March 23rd 2021

Americas

Wall Street rallied as tech stocks overcame a recent selloff sparked by surging bond yields and Tesla jumped after a fund run by an influential investor in the electric-car maker said its shares could approach $3,000 by 2025. More here: https://t.co/bngdJ6hEWs pic.twitter.com/npf0GWDeoA

— Reuters Business (@ReutersBiz) March 23, 2021

#Housing | Existing Home Sales Crashed To A 6-Month Low https://t.co/4uPcdss48L

— Christophe Barraud (@C_Barraud) March 22, 2021

#Biden Team Prepares $3 Trillion in New Spending for the Economy – NYThttps://t.co/PlbPDJ2OxH

— Christophe Barraud (@C_Barraud) March 23, 2021

New York Business Leaders Urge State Lawmakers To Not Raise Taxes – WSJ https://t.co/Mslrt8Lvoo

— LiveSquawk (@LiveSquawk) March 23, 2021

U.S. Treasury auctions to test demand after volatile trading https://t.co/T8JuqX3ttG pic.twitter.com/OyvFZCZsPA

— Reuters Business (@ReutersBiz) March 23, 2021

Yellen, Powell to Face Deficit, Inflation Fears at Congress – Bloomberghttps://t.co/VxxUxgLWiv

— Christophe Barraud (@C_Barraud) March 23, 2021

U.S. Treasury's Yellen sees post-COVID growth, possible full employment in 2022 https://t.co/36NTLMGoEs pic.twitter.com/cXqiACL80G

— Reuters Business (@ReutersBiz) March 23, 2021

#Covid_19: Daily Summary (March 23rd)
➡ News
➡ Regional/national data
➡ Vaccine trackerhttps://t.co/M8G7Owlp5d

— Christophe Barraud (@C_Barraud) March 23, 2021

US and EU to revive joint effort to handle more assertive #China – FThttps://t.co/H7mA1C5VJ1

— Christophe Barraud (@C_Barraud) March 23, 2021

Asia

Asia Stocks Eye Gains, Tracking U.S. as Yields Dip: Markets Wrap https://t.co/iVKFqeXFFF

— Bloomberg Asia (@BloombergAsia) March 22, 2021

Traders will look for the robust Asian session for Treasuries on Tuesday to pave the way for a solid start to the week’s U.S. auctions after pre-sale volatility last month led to a rout https://t.co/qxQlVhnqfs

— Bloomberg Asia (@BloombergAsia) March 23, 2021

#China’s CSI 300 Slumps to Breach 5,000 Support Level Yet Again – Bloomberg
*Link: https://t.co/A6pe4k7Hox pic.twitter.com/yCNzZnr5aN

— Christophe Barraud (@C_Barraud) March 23, 2021

China faces the threat of foreign outflows from the second half of the year as rising borrowing costs in the U.S. drives investors out of emerging markets, a former PBOC adviser says https://t.co/YVzbm7m8hE

— Bloomberg Economics (@economics) March 23, 2021

China faces bond market test after acting as bastion in rout https://t.co/9PAoSmysYf

— Bloomberg Economics (@economics) March 23, 2021

Chinese digital currency companies start to surge following a report by state-run Shanghai Securities News that testing of China's #DigitalYuan is accelerating and the six largest state-owned banks has started to promote digital yuan wallet to customers.https://t.co/vVS0O9qEIi pic.twitter.com/JX1ylHDM6V

— YUAN TALKS (@YuanTalks) March 23, 2021

#China | #Digital #yuan pilots making steady progress: official – Xinhuahttps://t.co/Lf9GdrFg6t

— Christophe Barraud (@C_Barraud) March 23, 2021

China’s economic growth this year could exceed a target of “above 6%, Premier Li Keqiang says https://t.co/9YdPcORsBA

— Bloomberg Economics (@economics) March 23, 2021

#China is unlikely to accelerate the adjustment of its monetary policy, especially interest rates, despite recent tightening in some emerging-market economies, according to a commentary in China Securities Journal.
*Link (Chinese): https://t.co/eSEpEQ4g3X

— Christophe Barraud (@C_Barraud) March 23, 2021

China is considering the sale of about 500,000 tons of aluminum from state reserves, a move that would help cool the market and meet national emissions objectives, sources say https://t.co/a3Vu1GtX0F

— Bloomberg Asia (@BloombergAsia) March 23, 2021

#NewZealand Takes Aim at Speculators to Prevent #Housing Bubble – Bloomberghttps://t.co/JSWL2VBVa6

— Christophe Barraud (@C_Barraud) March 23, 2021

Thailand unveiled a raft of measures to help small and medium businesses and the tourism industry, as a delay in full reopening to foreign visitors dims the prospects for recovery https://t.co/zn9D9wGysv

— Bloomberg Economics (@economics) March 23, 2021

South Korea, US Closely Watching North Korea Amid Signs Rocket Launchers Being Deployed To Border Islet – Yonhap https://t.co/czum30I8ve

— LiveSquawk (@LiveSquawk) March 23, 2021

Europe

✈️ U.S. speaks with EU, UK about resolving Airbus-Boeing dispute
Central bank of Erdogan sends foreign cash rushing out of Turkey
Weak forint rings interest rate alarm bell in Hungary
Here's a rundown of your top economic news today https://t.co/xEP3q6WtOc

— Bloomberg Economics (@economics) March 23, 2021

#Europe #Covid_19: Daily Summary (March 23rd)

Special focus on ⚠ #France ⚠

Data for #Germany, #Spain and #Italyhttps://t.co/cYifz1BSpl

— Christophe Barraud (@C_Barraud) March 23, 2021

Germans will be spending Easter in groups of at most 5 people over 14 years old. Angela Merkel announced she’s extending lockdown measures, in an effort to fight the “exponential” growth in coronavirus cases. https://t.co/WWcNTBLH4L

— POLITICOEurope (@POLITICOEurope) March 23, 2021

#Europe’s bond market has cemented its status as a global funding force with 500 billion-euros ($595 billion) of sales in the fastest time ever – Bloomberg pic.twitter.com/BuV1Re3KJK

— Christophe Barraud (@C_Barraud) March 23, 2021

Les rumeurs bruissent depuis quelques jours au sujet d'un nouveau report des régionales, alors qu'un rapport du Conseil scientifique doit être rendu avant la fin du mois.

A lire dans Playbook Paris : https://t.co/NVi4JX9GfP pic.twitter.com/4KhzjT51o6

— POLITICOEurope (@POLITICOEurope) March 23, 2021

UK jobless rate unexpectedly drops to 5.0% https://t.co/1wslua6tS7 pic.twitter.com/ojdpnX9wCD

— Reuters Business (@ReutersBiz) March 23, 2021

#TRY | *TURKEY PRESIDENT ERDOGAN'S ADVISER YIGIT BULUT ON AHABER TV – BBG
*TURKEY'S BULUT SAYS HE JUST SPOKE TO CENTRAL BANK GOVERNOR
*BULUT SAYS TURKEY CENBANK WON'T TAKE ANY EXTRAORDINARY ACTION

— Christophe Barraud (@C_Barraud) March 23, 2021

Week Ahead

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

— Christophe Barraud (@C_Barraud) March 22, 2021

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