5/11/2021 9:59:25 AM GMT
Notes/Observations
- Germany s ZEW beats consensus and registered a 21-year high as slowing down of the 3rd wave of the pandemic provides some optimism.
- Uncertainty continues over the Covid-19 pandemic in Far East.
- Inflation fears haunting markets as Inflation in emerging Europe puts focus on potential rate hikes in region.
- UK government will set out its legislative agenda for the new parliamentary session in the Queen s Speech today.
Asia
- China Apr CPI Y/Y: 0.9% v 1.0%e; PPI Y/Y: 6.8% v 6.5%e.
- China releases 2020 census put its total population 1.412B v 1.4005B y/y; Total population increased 5.38% from 2010-2020 compare0d to 5.84% from 2000-2010 period.
5/4/2021 10:06:08 AM GMT
Notes/Observations
Asia
- RBA left Cash Rate Target unchanged at 0.10% and maintained its 3-year Yield Target at 0.10% (both as expected); Keeps its dovish undertones and put focus on its July meeting whether to retain the April 2024 bond or shift into the November 2024 maturity for its 3-Year Yield Target; to also consider a 3rd QE program at that time.
- Australia Mar Trade Balance: A$5.6B v A$8.2Be.
- Australia MP Ted O Brien seeks to fight Communist China with boycotts and sanctions.
- Analysts believe that if Australia terminated the lease of Port Darwin to the Chinese early it could kill all future Chinese investment into Australia.
No surprises in Riksbank rate decision 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.
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Leoni [LEO.DE] +10% (shareholder raises stake).
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Speakers
- ECB s Villeroy (France) stated that he saw a return of growth to pre-pandemic level by mid-2022 for region. Reiterated view that France to register slight growth in Q1.
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Norway Central Bank (Norges) Gov Olsen stated that the impact of long-term unemployment was a concern. Reiterated stance that sees housing prices slowing in 2021.
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G7 and EU Foreign Ministers issue statement: Express deep concern over Russian troop buildup around Ukraine border. Called on Russia to halt provocations and ease tensions.
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German ZEW Economists commented that stricter lockdown measures have led to a decline in expectations for private consumption.
Risk appetite finding some fresh legs in new quarter 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.