🇨🇳 Chinese mainland reports 46 new confirmed COVID-19 cases - CGTN
*20 cases in Fujian province, including 19 in Putian city, authorities said Sunday.
*Link: bit.ly/3tB5l4r
🌎 It's time to start a new tweetstorm to monitor global trade rebound, which should be larger than exp. in 2021.
*The drag from #Covid_19 restrictions in 🇺🇸 🇪🇺 will ease.
*Uncertainty linked to trade tensions ⬇.
*Leading sectors (semis and autos) already point to a sharp ⬆.
🇯🇵 #Japan | In January, the value of overseas shipments climbed 6.4% YoY (fastest since Oct. 2018), rising for a second month and picking up from December’s 2% pace.
🇺🇸 U.S. High Frequency Data Suggest That Economic Recovery Has Stalled Amid #Virus Resurgence
*Link: ⚠ bit.ly/2O9mnT4 ⚠
🇺🇸 As Businesses Reopen, Many Americans Plan to Spend Less - Bloomberg
*More than 40% of adults say they’ll cut back on some of the very discretionary spending needed by struggling retailers.
*Link: bloom.bg/2AGmuCw
🇺🇸 Five Real-Time Charts Show Signs U.S. Economic #Recovery Is Faltering - Bloomberg
*Link: bloom.bg/3flL7nh
🇺🇸 #SPX | Since the beginning of March, the S&P 500 Index’s 12-month forward earnings per share estimate has slumped 19% and is bound to deteriorate further as business and economic activity have slowed amid the coronavirus outbreak - Bloomberg
#OOTT | 🇸🇦🇷🇺🇺🇸🌎 The end of the diplomatic alliance between #Saudi Arabia and #Russia will have significant consequences:
➡ #Oil prices are likely to remain low longer than expected which would be positive for advanced economies mainly net importers such as Eurozone countries.
➡ Meanwhile, #oil exporting countries will be forced to cut public spending in order to balance budgets.
➡ Latest indications suggest that #Saudi is now ready to cut prices dramatically and fight both #Russia and U.S. exporters in terms of market share, which implies that U.S. exports should decline soon.