Market Talk – Monday, March 15

Core Machinery Orders (YoY) (Jan) decreased from 11.8% to 1.5%

Core Machinery Orders (MoM) (Jan) decreased from 5.3% to -4.5%

South Korea:

Exports (YoY) (Feb) remain the same at 9.5%

Imports (YoY) (Feb) increased from 13.9% to 14.1%

Trade Balance (Feb) decreased from 2.71B to 2.62B

Australia:

HIA New Home Sales (MoM) increased from -69.4% to 22.9%

New Zealand:

External Migration & Visitors (Jan) increased from -98.90% to -98.70%

Permanent/Long-Term Migration (Jan) increased from 255 to 631

Some economic news from today:

India:

WPI Food (YoY) (Feb) increased from -2.80% to 1.36%

WPI Fuel (YoY) (Feb) increased from -4.78% to 0.58%

WPI Inflation (YoY) (Feb) increased from 2.03% to 4.17%

WPI Manufacturing Inflation (YoY) (Feb) increased from 5.13% to 5.81%

Exports (USD) (Feb) increased from 27.67B to 27.93B

Imports (USD) (Feb) decreased from 40.55B to 40.54B

Trade Balance (Feb) increased from -12.88B to -12.62B

Japan:

Tertiary Industry Activity Index (MoM) decreased from -0.3% to -1.7%

Indonesia:

Car Sales (YoY) (Feb) decreased from -34.22% to -38.20%

Export Growth (YoY) (Feb) decreased from 12.24% to 8.56%

Import Growth (YoY) (Feb) increased from -6.49% to 14.86%

Trade Balance (Feb) increased from 1.96B to 2.01B

EUROPE/EMEA:

Britain’s economic activity will return to its pre-coronavirus level at the end of this year following the country’s vaccine rollout, Bank of England governor Andrew Bailey forecast on Monday. The earlier-than-expected recovery — the BoE’s expectation had been for early 2022 — comes ahead of the central bank’s latest interest rate decision on Thursday. Bailey added on Monday that the economy had displayed more resilience during the government’s current third lockdown compared with the initial virus shutdown in the first half of 2020.

The major Europe stock markets had a negative day:

  • CAC 40 decreased 10.58 points or -0.18% to 6,035.97
  • FTSE 100 decreased 11.77 points or -0.17% to 6,749.70
  • DAX 30 decreased 40.97 points or -0.28% to 14,461.42

The major Europe currency markets had a negative day today:

  • EURUSD decreased 0.00322 or -0.27% to 1.19204
  • GBPUSD decreased 0.00417 or -0.30% to 1.38693
  • USDCHF decreased 0.00057 or -0.06% to 0.92875
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