Page 4 - Net Long Term News Today : Breaking News, Live Updates & Top Stories | Vimarsana

4/16/2021 10:02:51 AM GMT Notes/Observations - China's Q1 GDP grew at a record pace. Asia: - China Q1 GDP data registers record annualized growth (Q/Q: 0.6% v 1.4%e; Y/Y: 18.3% v 18.5%e. - China Mar Industrial Production Y/Y: 14.1% v 18.0%e. -China Mar Retail Sales Y/Y: 34.2% v 28.0%e. -China Mar Surveyed Jobless Rate: 5.3% v 5.4%e. - South Korea President Moon appoints Kim Boo-kyum as Prime Minister. Coronavirus: Europe: - New Financial think tank Survey: City of London Brexit hit worse than expected. Over 400 financial firms in Britain have shifted activities, staff, and a combined trillion...

Publicis [PUB.FR] +3% (sales), Deliveroo [ROO.UK] -1% (trading update). - - Speakers - BOE Q2 Bank Liabilities and Credit Conditions Surveys noted that lenders expected the availability of secured credit to increase over the next three months to end-May. Total funding volumes were expected to increase in the three months to end-May (Q2). - German Fin Min Scholz reiterated stance that govt must support businesses and households until the pandemic was over. Country could afford to finance all spending that was needed and stressed that Germany would be better off compared to other countries ...

- 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...

Once traders return from Monday's Presidents Day holiday, data on the strength of the U.S. consumer will be in focus, with the Commerce Department's monthly retail sales report and earnings results from retail giant Walmart each on tap.