Saturday Brief – February 27th 2021

27 February, 2021

Americas

The Nasdaq index rallied in choppy trading as big tech names, such as Apple and Amazon, rebounded following a big sell-off in the previous session amid surging bond yields https://t.co/wbe3hDPxCy pic.twitter.com/BROvD02Cz4
— Reuters Business (@ReutersBiz) February 27, 2021

#House Passes Democrats' $1.9T #Virus Relief Bill, Setting Stage for Senate Fight Over Biden Vision for Battling – Washington Posthttps://t.co/kzk5comSwr
— Christophe Barraud (@C_Barraud) February 27, 2021

'Plan B' for $15 minimum wage unveiled – The Hillhttps://t.co/G2gApnzFLL
— Christophe Barraud (@C_Barraud) February 27, 2021

#Housing | U.S. 30-Year #Mortgage Rates Hit The Highest Since Augusthttps://t.co/eVQfgxkPTB
— Christophe Barraud (@C_Barraud) February 26, 2021

Taking revisions into account, excess savings at the end of January was $1.681T, or 7.8% of nominal GDP (almost in line with my estimate).
*It confirms my view that U.S. 2021 GDP will beat expectations (https://t.co/d5KPcpXceh). pic.twitter.com/Itt1zjeGlt
— Christophe Barraud (@C_Barraud) February 26, 2021

27% Of All Household Income In The US Now Comes From The Government https://t.co/wbi5Fx0QXd
— zerohedge (@zerohedge) February 26, 2021

#Covid_19: Daily Summary (February 27th)
➡ News
➡ Regional/national data
➡ Vaccine trackerhttps://t.co/nRNrpYclRJ
— Christophe Barraud (@C_Barraud) February 27, 2021

US removes stumbling block to global deal on #digital tax – FThttps://t.co/rmEJMUPFfE
— Christophe Barraud (@C_Barraud) February 27, 2021

#G20 agrees not to ease fiscal #stimulus to keep up recoveries – Nikkeihttps://t.co/nAXufaWcjy
— Christophe Barraud (@C_Barraud) February 27, 2021

Asia

Coronavirus: Philippines extends curbs; South Korea ramps up vaccinations https://t.co/xGtGc7UeDC
— SCMP News (@SCMPNews) February 27, 2021

Coronavirus: Hong Kong logs 33 new cases and fears of wider outbreak at upscale shopping centre grow https://t.co/r26k2s6sua
— SCMP News (@SCMPNews) February 27, 2021

Malaysia received China’s Sinovac vaccine on Saturday, the second brand of Covid-19 shots days after the Southeast Asian country kicked off its inoculation program https://t.co/8PruigG0ZC
— Bloomberg Asia (@BloombergAsia) February 27, 2021

Bank of Korea’s Governor Lee Ju-yeol says any discussion of withdrawing stimulus at this stage would be premature https://t.co/N1RopOCFAk
— Bloomberg Economics (@economics) February 26, 2021

Chinese cinema ticket sales hit record US$1.7 billion in February https://t.co/RLT3NN1UWx
— SCMP News (@SCMPNews) February 27, 2021

China sees itself replacing the U.S. as the world's largest economy by the end of that road map, in 2035.https://t.co/Rw3oLWFXNc
— Nikkei Asia (@NikkeiAsia) February 27, 2021

China & S.Korea held a meeting of chief negotiators for the 2nd phase of #FTA negotiations on Friday. It shows the increasing political mutual trust between the two countries and will have an optimistic effect on trade liberalization and #multilateralism. https://t.co/fOxdJUjtWS
— Global Times (@globaltimesnews) February 27, 2021

Europe

#Europe #Covid_19: Daily Summary (February 27th)
Special focus on ⚠ #France ⚠
Data for #Germany, #Spain and #Italy https://t.co/htNczvu2B1
— Christophe Barraud (@C_Barraud) February 27, 2021

#ECB's Stournaras calls for increasing bond buying to calm markets – Reutershttps://t.co/9NoTd8ybF4
— Christophe Barraud (@C_Barraud) February 26, 2021

#ECB to Prove Whether Pledge to Cap Yields Is More Than Just Talk – Bloomberghttps://t.co/I6H7HPNy2z
— Christophe Barraud (@C_Barraud) February 27, 2021

The ECB’s balance sheet has expanded more under 15 months of Christine Lagarde’s presidency than it did during Mario Draghi’s eight-year term https://t.co/mK2NSgl71t
— Bloomberg Economics (@economics) February 27, 2021