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March 4, 2021

Economic Indicators

U.S. mortgage rates jump by most in nearly a year: MBA

Reuters
FILE PHOTO: Real estate signs advertise new homes for sale in multiple new developments in York County, South Carolina, U.S., February 29, 2020. REUTERS/Lucas Jackson (Reuters) – U.S. mortgage rates jumped by the most in nearly a year last week to their highest level since July on the heels of......

Australian economy storms ahead as COVID recovery turns ‘V-shaped’

Reuters
SYDNEY (Reuters) – Australia’s economy expanded at a much faster-than-expected pace in the final quarter of last year and all signs are that 2021 has started on a firm footing too helped by massive monetary and fiscal stimulus. FILE PHOTO: Ships waiting to be loaded with iron ore are seen......

U.S. manufacturing sector at three-year high, cost pressures mounting: ISM

Reuters
WASHINGTON (Reuters) – U.S. manufacturing activity increased to a three-year high in February amid an acceleration in new orders, but factories continued to face higher costs for raw materials and other inputs as the pandemic drags on. The Institute for Supply Management (ISM) said on Monday its index of national......

UK consumer credit slumped as new lockdown hit in January: BoE

Reuters
FILE PHOTO: A general view shows The Bank of England in the City of London financial district in London, Britain, November 5, 2020. REUTERS/John Sibley//File Photo LONDON (Reuters) – British consumer borrowing fell at its fastest pace in January since May last year as the country went back into a......

Australia job advertisements near 2-1/2 year peak in Feb

Reuters
SYDNEY, March 1 (Reuters) – Australian job advertisements rose to a near 2-1/2 year peak in February, providing another sign massive fiscal and monetary stimulus were working to prop up the country’s economy following a coronavirus pandemic induced recession. Monday’s figures from Australia and New Zealand Banking Group showed total......

India’s April-Jan fiscal deficit hits 66.8% of full-year target

Reuters
Indian currency of different denominations are seen in this picture illustration taken in Mumbai April 30, 2012. REUTERS/Vivek Prakash/Files NEW DELHI (Reuters) – India’s federal fiscal deficit in the 10 months to end-January stood at 12.34 trillion rupees ($167 billion), or 66.8% of the revised budgeted target for the whole......

China’s factory activity growth likely moderated during Feb holiday lull: Reuters poll

Reuters
BEIJING (Reuters) – China’s factory activity likely grew at a slightly slower rate in February as factories closed for the Lunar New Year holiday, a Reuters poll showed, although growth is expected to remain firm, buoyed by an early resumption of production. FILE PHOTO: A worker wearing a face mask......

China’s economy could grow 8-9% this year from low base in 2020: central bank adviser

Reuters
FILE PHOTO: A view shows traffic during evening rush hour at the central business district (CBD) in Beijing, China, January 15, 2021. REUTERS/Tingshu Wang BEIJING (Reuters) – China’s gross domestic product (GDP) could expand 8-9% in 2021 as it continues to rebound from the COVID-19 pandemic, Liu Shijin, a policy......

Euro zone corporate lending growth slows as monthly flows dry up

Reuters
FILE PHOTO: A woman walks past the European Central Bank (ECB) headquarter as the spread of the coronavirus disease (COVID-19) continues during an extended lockdown and a demand by the German government for more home office possibilities in Frankfurt, Germany, January 28, 2021. REUTERS/Kai Pfaffenbach FRANKFURT (Reuters) – Lending to......

U.S. new home sales exceed expectations in January

Reuters
WASHINGTON, Feb 24 (Reuters) – Sales of new U.S. single-family homes increased more than expected in January, boosted by historically low mortgage rates and an acute shortage of previously owned houses on the market. New home sales rose 4.3% to a seasonally adjusted annual rate of 923,000 units last month,......

Deutsche Bank upgrades U.S. GDP forecast on stimulus push

Reuters
FILE PHOTO: A shopper is seen wearing a mask while shopping at a Walmart store in Bradford, Pennsylvania, U.S. July 20, 2020. REUTERS/Brendan McDermid/File Photo (Reuters) – Deutsche Bank economists have upgraded their 2021/2022 forecasts for U.S. GDP growth on expectations of a bigger stimulus package in the world’s largest......

German business morale rises thanks to robust industry

Reuters
FILE PHOTO: The skyline with its financial district is photographed during sunset as the spread of the coronavirus disease (COVID-19) continues in Frankfurt, Germany, October 26, 2020, REUTERS/Kai Pfaffenbach/File Photo BERLIN (Reuters) – German business morale rose by far more than expected in February, hitting its highest level since October......

UK could declare Brexit ‘water wars’: The Telegraph

Reuters
FILE PHOTO: A view shows the Cherbourg Harbour, France, January 21, 2021. REUTERS/Gonzalo Fuentes/File Photo (Reuters) – Britain could restrict imports of European mineral water and several food products under retaliatory measures being considered by ministers over Brussels’ refusal to end its blockade on British shellfish, the Telegraph reported. Senior......

WHO director-general says he has no information yet on Tanzania’s measures against pandemic

Reuters
FILE PHOTO: World Health Organization (WHO) Director-General Tedros Adhanom Ghebreyesus attends a news conference organized by Geneva Association of United Nations Correspondents (ACANU) amid the COVID-19 outbreak, caused by the novel coronavirus, at the WHO headquarters in Geneva Switzerland July 3, 2020. Fabrice Coffrini/Pool via REUTERS/File Photo NAIROBI (Reuters) –......

UK retail sales slump in new lockdown, borrowing less than expected

Reuters
By David Milliken, William Schomberg LONDON (Reuters) – British retail sales tumbled in January as non-essential shops went back into lockdowns, official data showed, but lower-than-expected public borrowing offered some relief to finance minister Rishi Sunak as he prepares a budget plan. FILE PHOTO: A closed sign is seen in......

UK consumer spending weakens over week to Feb. 11: ONS

Reuters
FILE PHOTO: People walk along Oxford Street as shops remain closed under Tier 4 restrictions, amid the coronavirus disease (COVID-19) outbreak, in London, Britain, December 26, 2020. REUTERS/Henry Nicholls/File Photo LONDON (Reuters) – British consumer spending fell over the past week and the proportion of people on furlough and who......

U.S. producer prices post biggest gain since 2009

Reuters
WASHINGTON (Reuters) – U.S. producer prices increased by the most since 2009 in January as the cost of goods and services surged, suggesting inflation at the factory gate was starting to creep up. FILE PHOTO: People shop at Macy’s Department store in New York City, U.S., March 11, 2019. REUTERS/Brendan......

Belarus central bank postpones decision on main interest rate

Reuters
MOSCOW, Feb 17 (Reuters) – The Belarusian central bank said on Wednesday it had postponed its decision on its main interest rate until March 12. It said the decision not to announce its main interest rate on Wednesday as initially planned was linked to a need to further analyse the......

UK inflation ticks up before expected acceleration in spring

Reuters
By William Schomberg, David Milliken LONDON (Reuters) – British inflation edged up in January as locked-down consumers paid more for food and sellers of furniture and other household goods offered smaller-than-usual New Year discounts to people seeking to spruce up their homes. FILE PHOTO: People walk along Oxford Street as......

Exclusive: Japan’s factory mood turns positive for first time since 2019 – Reuters Tankan

Reuters
TOKYO (Reuters) – Sentiment among Japanese manufacturers turned positive in February for the first time since mid-2019, the Reuters Tankan poll found, lifted by improving overseas demand though caution about the ongoing fallout from the coronavirus persisted. FILE PHOTO: An employee wearing a protective face mask and face guard works......

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