Markets
The S&P 500 and the Dow ended higher, helped by a largely upbeat earnings season, while the Nasdaq came under pressure from declines in some high-flying growth stocks https://t.co/Q69rIK91mC pic.twitter.com/XFloDrikg4
— Reuters Business (@ReutersBiz) May 4, 2021
🇺🇸 #SPX | S&P 500 Undercuts Case for Selling in May and Going Away – Bloomberg
— Christophe Barraud🛢🐳 (@C_Barraud) May 3, 2021
*In 8 of the last 10 years, the S&P 500 recorded gains for the six months ended in October.
*The S&P 500 produced an average gain of 3.8% for all 10 years, beating a 1.7% average since 1950. pic.twitter.com/KqyVVwP9gw
Economic Indicators
🇺🇸 The Manheim Index, which measures prices at wholesale auctions for used-cars, shows they’re 52% higher than they were a year ago.
— Christophe Barraud🛢🐳 (@C_Barraud) May 3, 2021
*Link: https://t.co/DEOwc6YfFr pic.twitter.com/7T94Fz6Uil
🇺🇸 #Autos | US New Vehicle Sales for April Largely Exceeded Expectationshttps://t.co/3FR51CESIt
— Christophe Barraud🛢🐳 (@C_Barraud) May 4, 2021
US manufacturing growth boomed in April, as the #PMI rose to a record high (60.5) amid the strongest intake of new orders for 11 years. However, producers also saw the worst delays on record, leading to soaring input costs. Read more: https://t.co/KvndqJ4QLq pic.twitter.com/Ze8dAlaW0U
— IHS Markit PMI™ (@IHSMarkitPMI) May 3, 2021
🇺🇸 U.S. APRIL ISM FACTORY GAUGE FALLS TO 60.7 VS. 64.7; EST. 65 – BBG
— Christophe Barraud🛢🐳 (@C_Barraud) May 3, 2021
*U.S. APRIL ISM FACTORY PRICES-PAID INDEX AT 89.6 AFTER 85.6
*U.S. ISM MANUFACTURING PRICES INDEX HIGHEST SINCE JULY 2008 pic.twitter.com/y7DvnBvR6J
🇺🇸 ISM #Manufacturing | The highest reading on record for order backlogs (68.2 vs. 67.5 prior) and lowest for customer inventories (28.4 vs. 29.9 prior) suggest that production is likely to rise an extended period.
— Christophe Barraud🛢🐳 (@C_Barraud) May 4, 2021
*Chart from Bloomberg ⬇ pic.twitter.com/Dnhg7DzWkF
U.S. construction spending rebounds less than expected in March https://t.co/PAanx2ccrp pic.twitter.com/x27RjTSFnp
— Reuters Business (@ReutersBiz) May 3, 2021
Monetary Policy
Banks eased standards for business, household loans in Q1, Fed survey shows https://t.co/do0lL1xGop pic.twitter.com/XIs6wOIL9z
— Reuters Business (@ReutersBiz) May 3, 2021
Fed’s Powell says economic recovery clouded by racial, education gaps https://t.co/DXMnt8lfKa pic.twitter.com/M1E9Xqp5l5
— Reuters (@Reuters) May 3, 2021
New York Fed’s John Williams Says Fed Far From Achieving Job, Inflation Goals https://t.co/CWtLutQDtQ
— Real Time Economics (@WSJecon) May 3, 2021
Fiscal Policy
What to watch for as the U.S. Congress starts to debate President Joe Biden's $4 trillion infrastructure and families plans https://t.co/zWtLybVmjL
— Bloomberg Asia (@BloombergAsia) May 4, 2021
Geopolitics And Trade
Top diplomats of the U.S. and U.K. pushed back against what they called Chinese and Russian violations of the global order.
— Bloomberg Asia (@BloombergAsia) May 4, 2021
U.K. Foreign Secretary Dominic Raab says there's a need for “agile clusters of like-minded countries that share the same values.” https://t.co/k5kkOp9b3T
Other News
Yellen to shake up U.S. bank regulator with new appointment -sources https://t.co/0zz2RTKqVB pic.twitter.com/C9Bmz7mJtU
— Reuters Business (@ReutersBiz) May 3, 2021
Covid-19
🇺🇸 #Covid_19: Daily Summary (May 4th)
— Christophe Barraud🛢🐳 (@C_Barraud) May 4, 2021
➡ News
➡ Restrictions (easing)
➡ Regional/national data
➡ Vaccine trackerhttps://t.co/KAOZVXfMfI
Covid-19
🇮🇳 World’s largest vaccine maker will deliver 220 million doses to India
— Bloomberg Asia (@BloombergAsia) May 4, 2021
🇵🇭 Philippine President Rodrigo Duterte gets the Sinopharm vaccine
🇦🇺 Australian backlash grows over India ban
⬇ Here's the latest in Covid news https://t.co/V5lzEEwx95
Follow our live updates on the coronavirus here:
— Nikkei Asia (@NikkeiAsia) May 4, 2021
— Cambodia reports a daily record 938 new cases
— South Korea reports 541 new cases
— India's cases reach 20 million#COVID #coronavirus #vaccinehttps://t.co/AAqD8MuAUW
It’s not just India. Fierce new Covid-19 waves are enveloping other developing countries across the world https://t.co/PHx7ofmfWd
— Bloomberg Economics (@economics) May 4, 2021
COVID-19 vaccines have given hope to countless people. But many across Asia find themselves in a sort of purgatory — waiting for shots that are slow to arrive and watching as global infections soar higher than at any point since the pandemic began.https://t.co/WT85LHrmLz
— Nikkei Asia (@NikkeiAsia) May 4, 2021
Hong Kong is reviewing a decision to make Covid-19 vaccinations mandatory for foreign domestic workers after the decision set off a wave of criticism https://t.co/TbVRVtMRwU
— Bloomberg Next China (@next_china) May 4, 2021
Economic Indicators
South Korea’s inflation accelerated in April to the fastest pace since 2017 https://t.co/HDbEPnCM2o
— Bloomberg Economics (@economics) May 4, 2021
Australia’s weak export volumes in the first three months of this year are likely to detract from gross domestic product in the period, according to Capital Economics https://t.co/mEy9hYwrxx
— Bloomberg Economics (@economics) May 4, 2021
Other News
Australia’s central bank upgrades the economic outlook even as it maintains emergency stimulus settings https://t.co/nhbXE86ez8
— Bloomberg Economics (@economics) May 4, 2021
Covid-19
🇪🇺 #Europe #Covid_19: Daily Summary (May 4th)
— Christophe Barraud🛢🐳 (@C_Barraud) May 4, 2021
🇫🇷 Special focus on ⚠ #France ⚠
🇩🇪 🇪🇸 🇮🇹 Data for #Germany, #Spain and #Italyhttps://t.co/0Q5tBSQ3dY
British Prime Minister Boris Johnson says coronavirus lockdown rules are set to be scrapped in 7 weeks’ time https://t.co/7cp6Cur2oX
— Bloomberg Economics (@economics) May 4, 2021
Fiscal Policy
Italy minister says recovery plan hinges on private sector boost https://t.co/5W3Is0fOnZ
— Bloomberg Asia (@BloombergAsia) May 4, 2021
🇪🇺 EU Plans Quicker Investments in Big Projects From #Hydrogen to #5G – Bloomberghttps://t.co/p0lGW1iobw
— Christophe Barraud🛢🐳 (@C_Barraud) May 4, 2021
Geopolitics and Trade
The question of Scottish independence hangs over U.K. assets from the pound to banks https://t.co/Tk5gDpjufU
— Bloomberg Asia (@BloombergAsia) May 4, 2021
🇪🇺🇨🇳🇺🇸 #China Tensions Spill Over as #Europe Moves Toward #Biden’s Side – Bloomberghttps://t.co/DUna3ejn1f
— Christophe Barraud🛢🐳 (@C_Barraud) May 4, 2021
Other News
Madrid voters to reward Prime Minister Pedro Sanchez's rival Isabel Diaz Ayuso for her determination to keep the economy open https://t.co/fe4I1dbgA6
— Bloomberg Asia (@BloombergAsia) May 4, 2021
⚠ Week Ahead – w18 (2021) ⚠https://t.co/tWd8VpNgKl
— Christophe Barraud🛢🐳 (@C_Barraud) May 3, 2021
🌎 April Global #Manufacturing PMI: 55.8 (highest since April 2010) v 55.0 prior
— Christophe Barraud🛢🐳 (@C_Barraud) May 3, 2021
*New Export Orders: 54.7 (highest since May 2010) v 53.5 prior
*Link: https://t.co/Y1iYiUApT2 pic.twitter.com/eYQDUHEZVx
🌎 On a seasonally adjusted basis, the RWI/ISL index rose 1% MoM in March and points to further gains for global trade growth.
— Christophe Barraud🛢🐳 (@C_Barraud) May 4, 2021
*Link: https://t.co/4Px2UXnmd5 pic.twitter.com/lTYYowomfN
Global Freight continues higher.. from @Ole_S_Hansen pic.twitter.com/f9QBDP76Ct
— Steen Jakobsen (@Steen_Jakobsen) May 3, 2021
U.S. Economic Growth Will Easily Top 6 Percent In 2021
U.S. High Frequency Indicators Point To A Sharp Economic Rebound
Le PIB français a rebondi au T1 2021, confirmant sa résilience
The Gap Between U.S. and Eurozone Growth Prospects Has Increased