Morning Brief – March 3rd 2021
Americas
U.S. stocks ended lower and the Nasdaq fell nearly 1.7%, with technology shares the biggest drag on the market. The move down came a day after the S&P 500 registered its biggest daily percentage gain since June. Read more https://t.co/YQJ0fkKijW pic.twitter.com/1QU9RLn751
— Reuters Business (@ReutersBiz) March 3, 2021
#Senate to move forward on $1.9 trillion virus relief bill; Schumer says ‘we’ll have the votes’ – Washington Posthttps://t.co/myKzU31GHC
— Christophe Barraud (@C_Barraud) March 3, 2021
11 Senate Democrats push #Biden to include recurring checks, jobless aid in next big bill – CNBChttps://t.co/ZlRo9RqYWh
— Christophe Barraud (@C_Barraud) March 3, 2021
Consumers in the world’s largest economies amassed $2.9 trillion in extra savings during lockdowns related to Covid-19 – Bloomberg pic.twitter.com/zW5tFAij7G
— Christophe Barraud (@C_Barraud) March 3, 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
JPM Now Expects The US To Add 675,000 Jobs Every Month https://t.co/6w81oF8gi4
— zerohedge (@zerohedge) March 2, 2021
U.S. gets 'C-,' faces $2.59 trillion in infrastructure needs over 10 years: report – Reutershttps://t.co/SpvxnVR7WC
— Christophe Barraud (@C_Barraud) March 3, 2021
Fed Governor Lael Brainard says it will take “some time” to meet the conditions for tapering https://t.co/9CZdlW8Dkt
— Bloomberg Economics (@economics) March 2, 2021
#Covid_19: Daily Summary (March 3rd)
➡ News
➡ Restrictions (easing)
➡ Regional/national data
➡ Vaccine trackerhttps://t.co/EuxwSY2asJ— Christophe Barraud (@C_Barraud) March 3, 2021
Asia
Australia keeps borders closed for another three months
China plans global chip supremacy
Twin sisters score Japan's hottest IPOHere are some of the things people in markets are talking about today https://t.co/W3TlZDbVNt
— Bloomberg Asia (@BloombergAsia) March 3, 2021
Australian economy’s recovery intensifies, with GDP jumping 3.1% https://t.co/AnasvLV1HI
— Bloomberg Asia (@BloombergAsia) March 3, 2021
The Japanese government is planning to hold the Tokyo Olympics without spectators from overseas, the Mainichi newspaper reported https://t.co/H7oqqz24Dl
— Bloomberg Asia (@BloombergAsia) March 3, 2021
Dovish BOJ policymaker calls for new strategy to beat price stagnation https://t.co/t07jYYFI9X pic.twitter.com/vECMdIYdAS
— Reuters Business (@ReutersBiz) March 3, 2021
The People’s Bank of #China may announce in March that more banks will become eligible for lower reserve ratio requirement under the so-called inclusive finance scheme, after a regular review – Chine Securities Journal
*Link (Chinese): https://t.co/Mo7wwGWBb1— Christophe Barraud (@C_Barraud) March 3, 2021
#China Revs Up Grand #Chip Ambitions to Counter U.S. Blacklistings – Bloomberg
*Link: https://t.co/FtqQGFtjdD pic.twitter.com/8TSbmnR7gU— Christophe Barraud (@C_Barraud) March 3, 2021
Europe
Sunak extends furlough pay for UK workers through September
World economy's $2.9 trillion cash hoard will drive the recovery
Polish rates to stay put despite inflation jump
Here's a rundown of your top economic news today https://t.co/OLVI4CAlac— Bloomberg Economics (@economics) March 3, 2021
#Europe #Covid_19: Daily Summary (March 3rd)
Special focus on ⚠ #France ⚠
Data for #Germany, #Spain and #Italyhttps://t.co/D9yv9KS7ph
— Christophe Barraud (@C_Barraud) March 3, 2021
European Central Bank policy makers see no need for drastic action to combat rising bond yields, according to officials familiar with internal discussions (via @carolynnlook, @weberalexander & @jrandow) https://t.co/6JwaRCyXB1
— Bloomberg Economics (@economics) March 3, 2021
#Germany | #Bundesbank Won’t Distribute Profit for First Time Since 1979 – Bloomberghttps://t.co/CBdaBQeUiH
— Christophe Barraud (@C_Barraud) March 3, 2021
What to watch in the UK budget https://t.co/zV5HfCZov6
— Bloomberg Economics (@economics) March 3, 2021
Turkish inflation accelerates for a 5th month, fueling expectations the central bank will try to rein in prices by raising interest rates https://t.co/07nF6JvDw3
— Bloomberg Economics (@economics) March 3, 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%