Morning Brief – March 30th 2021

Americas

U.S. stocks ended mixed with the S&P 500 ending slightly lower over potential losses of billions of dollars from a hedge fund’s default on margin calls, while optimism over the economy limited the day's declines. Read more https://t.co/8RSm9Q5UQd pic.twitter.com/r4gX6pNspY

— Reuters Business (@ReutersBiz) March 30, 2021

Archegos Banks Discussed Co-Operation To Head Off Selling Frenzy – FT https://t.co/qUhhAVvtrr

— LiveSquawk (@LiveSquawk) March 29, 2021

Wall Street Banks Summoned By Regulators After Hwang’s Blowup – BBG https://t.co/do5j7b1cIv

— LiveSquawk (@LiveSquawk) March 30, 2021

I wrote about how the Bill Hwang/Archegos blow-up has shades of LTCM, Lehman & GameStop.

Most importantly, it shows there are still unappreciated pockets of leverage in the financial system and these can have a knock-on effect on banks & markets.https://t.co/ZbpTHitGhn pic.twitter.com/MpG73Ua6hQ

— Tracy Alloway (@tracyalloway) March 30, 2021

Morgan Stanley has been telling investors it sold $15 billion worth of blocks in the last few days; it has no more blocks to do, and the firm has not incurred significant losses as a result of these transactions, according to a source with knowledge of the matter. $MS

— Leslie Picker (@LesliePicker) March 29, 2021

FRBNY Weekly Economic Index (WEI) reached the highest level since July 2010.
*Link: https://t.co/2F5JrkE5ND

➡ It confirms that March data will be stellar (https://t.co/kNVAlWOavs) and that GDP can fully recover from #Covid_19 by the end of 1Q21 (https://t.co/Q1fzrGl79W) pic.twitter.com/vD4Z6JtG8x

— Christophe Barraud (@C_Barraud) March 30, 2021

#WhiteHouse Dramatically Increased Tax Proposal As It Sought To Address Tensions Over Next Big Spending Plan – Washington Posthttps://t.co/FKUDG1k8Td

— Christophe Barraud (@C_Barraud) March 29, 2021

#Biden to Reveal Major Spending Plan With Big Battle Ahead – Bloomberghttps://t.co/ZGMmsLbXfW

— Christophe Barraud (@C_Barraud) March 30, 2021

New York business leaders push Biden, Schumer to ditch the cap on SALT deductions – CNBChttps://t.co/qBA6qSkBRm

— Christophe Barraud (@C_Barraud) March 30, 2021

#Covid_19: Daily Summary (March 30th)
➡ News
➡ Restrictions (easing)
➡ Regional/national data
➡ Vaccine trackerhttps://t.co/RghpHHQmjF

— Christophe Barraud (@C_Barraud) March 30, 2021

Covid-19 vaccines from Pfizer and Moderna effectively prevented coronavirus infections, not just illness, government researchers say https://t.co/yxqXO3F1nq

— Bloomberg Asia (@BloombergAsia) March 30, 2021

The coronavirus probably spread from bats to humans via another animal, according to the long-awaited results of a joint WHO-China study into the origins of Covid-19 https://t.co/0EQsUmHwmi

— Bloomberg Asia (@BloombergAsia) March 30, 2021

Japan's jobless rate flat at 2.9% in February: government https://t.co/PXLqpn1Voz pic.twitter.com/YnnxswdY0y

— Reuters Business (@ReutersBiz) March 30, 2021

Japan's retail sales fall for third straight month https://t.co/z0zO4E6Z95 pic.twitter.com/NZIvDs4tHf

— Reuters Business (@ReutersBiz) March 30, 2021

U.S. tries to break #Iran nuclear deadlock with new proposal for #Tehran – Politicohttps://t.co/HuMKYLzOxf

— Christophe Barraud (@C_Barraud) March 30, 2021

US To Make It Easier For Diplomats To Meet Taiwanese Officials – FT https://t.co/rYtgYW2JLh

— LiveSquawk (@LiveSquawk) March 29, 2021

Asia

Five things you need to know at the start of Asia's trading day https://t.co/Y4UUvd3Nux

— Bloomberg Asia (@BloombergAsia) March 30, 2021

Chinese stocks dip as investors question if the market has bottomed out
Hong Kong stocks edge up after announcing it will shorten quarantine for low-risk countries
China's most valuable stock Kweichow Moutai will report earnings later today https://t.co/mlrULDC89g pic.twitter.com/1zjtpt85aH

— Bloomberg Next China (@next_china) March 30, 2021

#Thailand’s hotel shares have rallied to pre-pandemic levels as the tourist-reliant nation speeds toward reopening its borders to international visitors – Bloomberg
The SET Leisure & Tourism Index, a gauge of listed hotel operators, reached its highest level since Dec. 2019 pic.twitter.com/ArEiMmY40T

— Christophe Barraud (@C_Barraud) March 30, 2021

China's bonds will get the sixth-biggest weighting in a FTSE index https://t.co/3Xh5odejgy

— Bloomberg Economics (@economics) March 30, 2021

Thailand expects about 2 million foreign tourists, mostly Chinese and Europeans, to visit Phuket this year after the resort island reopens to vaccinated visitors from July 1 https://t.co/TotsVzgRDq

— Bloomberg Economics (@economics) March 29, 2021

Hong Kong will cut mandatory hotel quarantine to 14 days from 21 for people coming from low-risk areas including Singapore, Australia and New Zealand https://t.co/xSnJiTGkwg

— Bloomberg Asia (@BloombergAsia) March 30, 2021

China’s ambitious plan to vaccinate 40% of its population by the end of June could pave the way for lifting the economy’s growth rate to 9.3% this year, Oxford Economics forecast https://t.co/ldV7IMPbIe

— Bloomberg Economics (@economics) March 30, 2021

The Reserve Bank of Australia will need to maintain its quantitative easing program for an extended period to prevent the currency rising too high, former board member John Edwards said https://t.co/QkH7AS2Co8

— Bloomberg Economics (@economics) March 29, 2021

BOJ's Kuroda says global, Japan economies rebounding from COVID shock https://t.co/qqNT36uLMw pic.twitter.com/v1i1Zn1bpy

— Reuters Business (@ReutersBiz) March 30, 2021

China And North Korea To Revive Trade In April Amid US Tension – Nikkei https://t.co/NSvAOuF2jF

— LiveSquawk (@LiveSquawk) March 30, 2021

President Biden, Japanese PM Suga To Note Taiwan Strait In Joint Statement – Nikkei https://t.co/JymeE7xYQ7

— LiveSquawk (@LiveSquawk) March 29, 2021

Europe

ECB governor warns against sharp policy tilt when the crisis passes
Italy's deficit may be close to 10% in second year of crisis
⛴️ End of Suez snarl marks beginning of new stress on global trade
Here's a rundown of your top economic news today https://t.co/aqbhhakn5I

— Bloomberg Economics (@economics) March 30, 2021

#Europe #Covid_19: Daily Summary (March 30th)

Special focus on ⚠ #France ⚠

Data for #Germany, #Spain and #Italyhttps://t.co/3nZeRjhYJL

— Christophe Barraud (@C_Barraud) March 30, 2021

#France Turns to Grandparents to Liberate #Covid Cash Pile – Bloomberg
*Link: https://t.co/p3L8Gpddad pic.twitter.com/P24TB5C1vT

— Christophe Barraud (@C_Barraud) March 30, 2021

The European Central Bank must be cautious when it shifts away from its emergency stimulus, outgoing policy maker warns https://t.co/kKY8Tfv9PF

— Bloomberg Economics (@economics) March 30, 2021

EURO-AREA MARCH ECONOMIC CONFIDENCE RISES TO 101.0; EST. 96.0https://t.co/sZ4eRcgBQ4

— Christophe Barraud (@C_Barraud) March 30, 2021

Some of Europe’s biggest tech companies are calling for a 100 billion-euro fund to help create regional champions in green technology, science-driven startups and other new industries https://t.co/G6K46we6Wl

— Bloomberg Economics (@economics) March 30, 2021

UK PM Johnson, France’s Macron, Germany’s Merkel Call For Pandemic Treaty – Telegraph https://t.co/aG1cM4ePao

— LiveSquawk (@LiveSquawk) March 29, 2021

Biden Urged To Resist Tariff War With UK – @FThttps://t.co/4w6RpWJC0h

— LiveSquawk (@LiveSquawk) March 29, 2021

Global Economy

The Ever Given leaves in its wake lengthy disruptions across a world economy where the pandemic revealed both the sturdy backbone of global trade and an Achilles’ heel. https://t.co/MEeWVOsbw7

— Bloomberg Economics (@economics) March 30, 2021

Week Ahead

⚠ Week Ahead – w13 (2021) ⚠https://t.co/YdZwlPa0OX

— Christophe Barraud (@C_Barraud) March 29, 2021

Most Read

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