Shoe Zone [SHOE.UK] -8% (earnings)
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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
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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 forecast from 3.1% to 4.1% while cutting the 2022 GDP growth from 5.7% to 5.4%. The QIR raised the 2021 CPI forecast from 2.6% to 3.1% and raised the 2022 CPI outlook from 2.7% to 2.8%
Following
Asia drops after US losses; UST FUTs remained volatile; Aussie yields pared rise as RBA actedANALYSIS |
2/26/2021 5:52:16 AM GMT
General Trend
- After opening broadly lower equity indices are generally closer to session lows
- Earnings reactions: [Australia] Lynas, Austal, BWX rise ; Harvey Norman, Orocobre, Isentia, Kogan.com decline; [Hong Kong]: ASM Pacific declines
- BOJ might release March bond buying plan after the market close
- Companies expected to report during the NY morning include AMC Networks, Carter’s, DraftKings, Foot Locker, Fluor Corp, Liberty Media Corp, Liberty SiriusXM
Headlines/Economic Data
-ASX 200 opened -0.6%
- (AU) RESERVE BANK OF AUSTRALIA (RBA) TO BUY UP TO A$3.0B IN GOVT SECURITIES TO DEFEND 3-YEAR YIELD TARGET (Unscheduled operation)
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(CN) CHINA DEC TRADE BALANCE: $78.2B V $72.0BE (record high); Trade Balance with the US: $29.9B v $37.4B m/m ; 2020 Trade balance with US $316.9B v $295.8B y/y
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(CN) CHINA DEC TRADE BALANCE (CNY-DENOMINATED): 516.8B V 457.8BE; Steel product exports 53.7Mt (record high); Crude oil imports 542.4Mt (record high)
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(CN) China Customers Spokesperson: Steady recovery in Domestic economy provides foundation for trade growth, trade expected to continue to grow in 2021
- (CN) President Trump issues order amending previous order on investments in China military companies
- (CN) China PBOC Open Market Operation (OMO): Injects CNY2B in 7-day reverse repos v CNY2B in 7-day reverse repos prior; Net drain CNY8B v Net drain CNY8B prior