Morning Brief – March 2nd 2021
Americas
The S&P 500 surged in its strongest one-day gain since June as bond markets calmed after a month-long selloff, while Johnson & Johnson’s COVID-19 vaccine getting U.S. approval bolstered expectations of a swift economic recovery. Read more https://t.co/dnDRByauwO pic.twitter.com/u6TRPE8NQQ
— Reuters Business (@ReutersBiz) March 2, 2021
U.S. factory activity scales three-year high, price pressures building – Reuters
*Link: https://t.co/Mp4eKxWXhq pic.twitter.com/HG6Ri5NjHh— Christophe Barraud (@C_Barraud) March 2, 2021
U.S. Total Excess Personal Savings Will Be A Massive Economic Boost From 2Qhttps://t.co/T1MGMgFNOf
— Christophe Barraud (@C_Barraud) March 1, 2021
A Fed official played down the importance of volatile financial markets and said monetary policy makers were focused on what’s happening in the real economy “I’m mostly concerned about the labor market,” he told Bloomberg News https://t.co/mfUBvXaR5J
— Bloomberg Asia (@BloombergAsia) March 1, 2021
#Covid_19: Daily Summary (March 2nd)
➡ News
➡ Restrictions (easing)
➡ Regional/national data
➡ Vaccine trackerhttps://t.co/IDuzvbOUns— Christophe Barraud (@C_Barraud) March 2, 2021
Biden’s trade policy priorities include climate change, social impact and global cooperation, a stark contrast with Trump’s “America First” mantra https://t.co/9pnrtuRVkX
— Bloomberg Economics (@economics) March 2, 2021
Biden's trade rep pick says she will fight Chinese trade barriers, including censorship https://t.co/AanOyreubX pic.twitter.com/s43aIBhKAk
— Reuters Business (@ReutersBiz) March 2, 2021
Asia
#China ‘Worried’ About Bubbles in Property, Foreign Markets – Bloomberghttps://t.co/5syZQlROXk
— Christophe Barraud (@C_Barraud) March 2, 2021
#China considers ways to manage financial risks stemming from capital inflows – Reutershttps://t.co/3AVG4AV3J8
— Christophe Barraud (@C_Barraud) March 2, 2021
Hong Kong’s decision to raise stamp duty on stock trading won’t harm the competitiveness of the financial hub, the city’s finance chief said https://t.co/HIB1N629AC
— Bloomberg Economics (@economics) March 2, 2021
South Korea’s manufacturing activity expanded at the fastest pace in more than a decade in February https://t.co/rjd7Rdct3f
— Bloomberg Economics (@economics) March 2, 2021
#Taiwan Factories Face Worst Supply-Chain Delays on Record – Bloomberg
*Link: https://t.co/w4nwGGHNaG pic.twitter.com/tqybwEQoMJ— Christophe Barraud (@C_Barraud) March 2, 2021
#SouthKorea proposes 15 tln-won extra budget to fund another round of relief aid – Yonhaphttps://t.co/MEIRExS81d
— Christophe Barraud (@C_Barraud) March 2, 2021
#RBNZ Says It Can Increase Weekly Bond Purchases If Needed – Bloomberghttps://t.co/8iXZ3c3TDI
— Christophe Barraud (@C_Barraud) March 2, 2021
Australia’s central bank reinforces a commitment to its three-year target following a campaign of shock-and-awe in bond markets https://t.co/Gdxu7biYy2
— Bloomberg Economics (@economics) March 2, 2021
Europe
ECB's Villeroy signals action to battle threat of rising yields
Brexit border friction means rejected shipments is new normal
Sunak's zeal to repair UK finances swims against global tide
Here's a rundown of your top economic news today https://t.co/wEUVczFyKI— Bloomberg Economics (@economics) March 2, 2021
#Europe #Covid_19: Daily Summary (March 2nd)
Special focus on ⚠ #France ⚠
Data for #Germany, #Spain and #Italyhttps://t.co/KGFcx4X0g3
— Christophe Barraud (@C_Barraud) March 2, 2021
*GUINDOS: IT IS 'CLEAR' #ECB HAS THE FLEXIBILITY TO ACT – BBG
*GUINDOS: GOOD NEWS IS THAT YIELD SPREADS HAVEN'T WIDENED— Christophe Barraud (@C_Barraud) March 2, 2021
Chancellor Rishi Sunak’s determination to bring Britain’s public finances under control marks a very different tone from the global consensus for uninhibited crisis spending https://t.co/ISYDuqHisr
— Bloomberg Asia (@BloombergAsia) March 2, 2021
*Most Read:
U.S. Total Excess Personal Savings Will Be A Massive Economic Boost From 2Q
US Growth Will Exceed Expectations In 2021
U.S. 30-Year Mortgage Rates Are No Longer Below 3%