Euro area inflation remains above ECB target for 2nd straight month fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
Norway central bank sharpens its hawkish claws fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
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 after the crisis. - German Leading Economic Institutes confirmed it cut its 2021 GDP growth forecast from 4.7% to 3.7% (as speculated). Raised 2022 GDP growth forecast from 2.7% to 3.9%. Cautioned that further delays in vaccine deliveries and virus mutations were the biggest downside risks.
- 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 of tools or firepower
- 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 spike in Q2 - Singapore Central Bank (MAS) Dep Robinson: Fiscal stance in 2021 to support economic activity; rebound to pick up in mid-2021
- Hungary PM Chief Cabinet official stated that there was a chance of a budget deal at today’s EU Leader Summit as proposal for agreement contained all the guarantees that was important to us. There would not be any rule of law procedures before 2023. To find out if any of the frugal member States block the draft agreement on EU budget and Recovery Fund - Bank of Italy (BOI) Monthly Report `Money and Banks : Oct Gross Non-Performing Loans (NPLs) at €64.8B v €65.1B m/m - China Foreign Ministry spokesperson Hua Chunying announced reciprocal sanctions to target members of US Congress and revoking visa exemption treatment for US diplomatic passport holders visiting Hong Kong, Macau