🔹ASOS $ASOS reported a 275% increase in first-half profit, driven by the popularity of e-commerce during the COVID-19 pandemic.
🔹Lookers Plc $LOOK expects 2021 underlying profit before tax to be materially ahead of analyst consensus, driven by better-than-expected first-quarter performance where it utilised digital channels to expand sales.
🔹Dunelm Group $DNLM forecast annual profit ahead of analysts' expectations, as it gears up to reopen its stores next week following an easing in coronavirus-led restrictions in England.
🔹OSB Group $OSBO reported a 9% drop in annual earnings, hit by an impairment provision of 20 million pounds ($27.52 million) related to a potential third-party fraud, although the specialist mortgage lender reinstated a final dividend.
via RTRS
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🔹We want to see a string of job reports like the March jobs report to see progress; there are still 8.5mln out of work
🔹Substantial further progress means actual progress, wants to see actual improvement before tapering
🔹Global vaccination is a risk to progress we are making, there is a risk in the US as well with cases moving back up
🔹We are not going back to the same economy
🔹It will be appropriate to continue to support those who have a hard time getting back into the work force
🔹Reiterates we need to keep supporting the economy, and we will
🔹Reiterates one time increases in prices is different from persistent inflation; by inflation we mean persistent inflation that goes up year after year
🇨🇳 China Vice Premier Lui He reiterates that China is to implement prudent monetary policy and is to keep CNY rate basically stable at above reasonable and balanced levels
🇨🇳 China's Vice Premier Liu he says local financial institutions should step up risk management, should not excessively pursue scale expansion
🇨🇳 China's Vice Premier Liu he says local financial institutions are urged to focus on home market, providing services to small and micro firms, local residents
🇪🇺 ECB says in March 11 meeting account it was important to provide reassurance that the governing council would maintain an accommodative monetary policy for as long as necessary and saw no risk of overheating
🔹The view was held that the increase observed in sovereign yields had remained contained and to some extent decoupled from developments in the united states.
🔹It was also noted that these increases had taken place from very low levels
🔹ECB says it was underlined that the flexibility embodied in the PEPP was symmetric
🔹Special attention needed to be paid to sovereign yields and risk-free interest rates
🔹Over the long term, the Committee aims for full jobs and growth above 2%.
🔹We believe it would be a considerable time before any substantial progress is made.
🔹The Committee would strive over inflation to stay marginally above 2% for a period of time, ensuring that inflation averages 2% over time and longer-term inflation perceptions remain well rooted at 2%.