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 pounds in assets to hubs in the European Union due to Brexit.
Publicis [PUB.FR] +3% (sales),
Deliveroo [ROO.UK] -1% (trading update).
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Speakers
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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).
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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.
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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.