Market Talk - Friday, May 14

India:

Exports (USD) (Apr) increased from 30.21B to 30.63B

FX Reserves, USD increased from 588.02B to 589.47B

Imports (USD) (Apr) increased from 45.45B to 45.72B

Trade Balance (Apr) increased from -15.24B to -15.10B

EUROPE/EMEA:

Greece is open again for tourism after the coronavirus briefly decimated the industry. Nearly 20% of Greece’s workforce is composed of its tourism sector, which accounts for one-fifth of the nation’s GDP. Travelers from 53 approved nations must provide a negative PCR test or proof of vaccination and fill our a passenger locator form to notify the government of where they plan to visit. However, coronavirus measures are still in effect. Visitors will be expected to wear masks at all times, socially distance, and the nightly curfew has been pushed back from 12:30 AM to 5:00 AM.

Despite most developed nations experiencing a birth rate decline, Germany has seen a recent 0.8% uptick in births between December 2020 and February 2021. Germany now holds a fertility rate of 1.54 children per woman, which is in line with most of the Eurozone. Before adopting family-based policies, Germany had one of the lowest birth rates in the EU. The nation now provides 14 months of paid maternal leave and two months of paternal leave.

The major Europe stock markets had a green day:

  • CAC 40 increased 96.81 points or 1.54% to 6,385.14
  • FTSE 100 increased 80.28 points or 1.15% to 7,043.61
  • DAX 30 increased 216.96 points or 1.43% to 15,416.64

The major Europe currency markets had a mixed day today:

  • EURUSD increased 0.0065 or 0.53% to 1.21405
  • GBPUSD increased 0.0056 or 0.40% to 1.41021
  • USDCHF decreased 0.0035 or -0.38% to 0.90246

Some economic news from Europe today:

Spain:

Spanish CPI (MoM) (Apr) increased from 1.0% to 1.2%

Spanish CPI (YoY) (Apr) increased from 1.3% to 2.2%

Spanish HICP (YoY) (Apr) increased from 1.2% to 2.0%

Spanish HICP (MoM) (Apr) decreased from 1.9% to 1.1%

US/AMERICAS:

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