Page 38 - Key Themes News Today : Breaking News, Live Updates & Top Stories | Vimarsana

- Molecular Partners [MOLN.CH] +5% (trial), AstraZeneca [AZN.UK] -1% (Ireland suspends use of vaccine) - Speakers - BOE Gov Bailey0reiterated stance that current lockdown was having less effect on economy compared to a year ago. Had a more balanced picture on risks and could see a spending of savings and viewed as an upside risk. Very helpful that furlough scheme to extend beyond end of covid restrictions. Would expect a pickup in inflation towards 2% in the coming months; but question was whether such gains are sustainable; not expecting inflation to rise to 4.0-5.0% area. BOE is not out...

- - - u-blox [UBXN.CH] -14% (earnings) - ECB's Villeroy (France) reiterated stance of no danger at this time of overheating in Europe on growth or inflation. To maintain accommodative monetary policy for as long as necessary. Had no discussion on size of PEPP envelope - ECB's Vasiliauskas (Lithuania) stated that was difficult to see economy turning a corner before autumn. Turning point for PEPP purchases was when the economy can breathe on its own - ECB’s Muller (Estonia) reiterated Council view that faster pace of PEPP purchases to be temporary, planned size of program 'would remain...

- - Speakers - Swiss SECO March Economic Forecasts maintained its 2021 GDP growth forecast at 3.0% while raising the 2022 GDP growth from 3.1% to 3.3%. Raised 2021 CPI from 0.1% to 0.4% and raised the 2022 CPI from 0.3% to 0.4% - - BOJ might tweak a three-tier deposit system at next week's policy review to exempt a larger portion of reserves from negative interest rates (**Note: move would aim to mitigate the pain negative rates inflict on financial institutions' profits). To debate whether 10-year JGB yields should be allowed to move flexibly around the 0% target - China Premier Li Keq...

Shoe Zone [SHOE.UK] -8% (earnings) - - - Speakers BOE Gov Bailey stated that the economic outlook is positive with large doses of cautionary realism. Recognize the increasingly 2-sided nature of risks. Toolkit decisions should not be interpreted as a signal about the future path of monetary policy. Contingency planning for negative rates implies nothing about BOE intentions in that direction - Bank of Spain (BOS) Dep Gov Delgado stated that restriction on banking sector dividends likely to be lifted in Sept - Poland Central Bank (NBP) Quarterly Inflation Report raised the 2021 GDP growth...

- ECB's Knot (Netherlands) stated at could be optimistic on recovery in H2 and added that higher yields reflected this cautious optimism - ECB's Centeno (Portugal) stated that trade was almost recovered to pre-pandemic levels. Noted that the recovery was quite uneven across sectors - Malaysia Central bank (BNM) Policy Statement reiterated stance that monetary policy was appropriate and would to use policy levers as appropriate. Re-imposing virus curbs to affect growth in Q1. Growth was projected to improve from Q2 but downside risks remained. Headline inflation anticipated to temporarily s...