Market Talk – Monday, March 1

Precious Metals:

  • Gold decreased 8.76 USD/t oz. or -0.51% to 1,724.73
  • Silver decreased 0.069 USD/t. oz or -0.26% to 26.552

Some economic news from last night:


Caixin Manufacturing PMI (Feb) decreased from 51.5 to 50.9

Chinese Composite PMI (Feb) decreased from 52.8 to 51.6

Manufacturing PMI (Feb) decreased from 51.3 to 50.6

Non-Manufacturing PMI (Feb) decreased from 52.4 to 51.4


Manufacturing PMI (Feb) increased from 49.8 to 51.4

South Korea:

Exports (YoY) (Feb) decreased from 11.4% to 9.5%

Imports (YoY) (Feb) increased from 3.6% to 13.9%

Trade Balance (Feb) decreased from 3.76B to 2.71B


AIG Manufacturing Index (Feb) increased from 55.3  to 58.8

Manufacturing PMI decreased from 57.2 to 56.9

MI Inflation Gauge (MoM) decreased from 0.2% to 0.1%

ANZ Job Advertisements (MoM) increased from 2.6% to 7.2%

Business inventories (MoM) (Q4) increased from -0.3% to 0.0%

Company Gross Operating Profits (QoQ) (Q4) decreased from 3.2% to -6.6%

Company Profits Pre-Tax (QoQ) (Q4) decreased from 25.8% to 2.4%

Home Loans (MoM) increased from 7.1% to 12.3%

Invest Housing Finance (MoM) increased from 8.2% to 9.4%


Nikkei Manufacturing PMI (Feb) decreased from 52.2 to 50.9

Inflation (MoM) (Feb) decreased from 0.26% to 0.10%

Inflation (YoY) (Feb) decreased from 1.55% to 1.38%

Core Inflation (YoY) (Feb) decreased from 1.56% to 1.53%

Some economic news from today:


Nikkei Markit Manufacturing PMI (Feb) decreased from 57.7 to 57.5

Bank Loan Growth increased from 5.9% to 6.6%

Deposit Growth increased from 11.1% to 11.8%


Commodity Prices (YoY) increased from 19.5% to 23.9%


Johnson & Johnson sent an application for British regulators to approve its one-shot coronavirus vaccine late last week, a spokesperson confirmed on Monday. The company sent a formal conditional marketing authorization to the Medicines and Healthcare products Regulatory Agency (MHRA). The Telegraph reported on Sunday that the MHRA would begin the approval process for the Johnson & Johnson vaccine this week. The European Commission released its Winter 2021 Forecast, raising Spain’s gross domestic product (GDP) growth prospects for this year to 5.6%, three-tenths of a point higher than previously expected. For 2022, the EU executive is forecasting GDP growth of 5.3%, up from the previous figure of 4.8%. These numbers put Spain in the lead for economic growth in Europe. The Commission said that GDP growth in the EU will be 3.7% in 2021 and 3.9% in 2022. For the eurozone, it is forecasting the same growth rate of 3.8% in both years.

View single page >> |

Disclosure: None.

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.