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Mixed equity trading session in Asia

Mixed equity trading session in Asia
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Asia opened generally lower after declines in US equities

Asia Market Update: Asia opened generally lower after declines in US equities, modest losses have been seen (ex-Japan); 10-yr UST yield pares some of

German IFO missed expectations but still improved from month-ago level

- (EU) Daily ECB Liquidity Stats. - 05:30 (DE) Germany to sell €4.0B in 12-month Bubills. - 05:30 (ZA) South Africa announces details of upcoming I/L bond sale (held on Fridays). - 06:00 (IL) Israel Mar Unemployment Rate: No est v 5.1% prior; Unemployment Rate 9including Covid): No est v 16.7% prior. - 06:00 (IL) Israel Feb Manufacturing Production M/M: No est v -0.5% prior. - 06:00 (IL) Israel to sell bonds. - 06:00 (RO) Romania to sell RON500M in 4.15% 2028 Bonds. - 06:45 (US) Daily Libor Fixing. - 07:00 (MX) Mexico Feb IGAE Economic Activity Index (Monthly GDP): M/M: 0.1%e v 0.1% prior; Y/Y: -4.1%e v -5.4% prior.

Looming sanctions whack Russian markets

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.

RBNZ and MAS decisions due on Wednesday

RBNZ and MAS decisions due on Wednesday
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