Overseas Headlines – March 05, 2021

United States:

U.S. Jobs Report, Dovish Powell, Brazil Warning: Eco day

“Happy Friday. Here’s the latest news and analysis from Bloomberg Economics to help take you through to the weekend. While the January report raised serious questions about labor market momentum heading into the new year, data reported in the interim reaffirm that a heady rebound is indeed underway, according to Bloomberg Economics”



German Factory Orders Rise as Economy Grapples With Longer Curbs

“German factory orders rose in January, suggesting manufacturing will continue to support the economy through extended coronavirus lockdowns. Demand increased 1.4%, nearly three times as much as expected and bolstered by orders from outside the country. Domestic demand declined.”



China’s Modest Growth Target Signals Policy Shift From World

“China’s government set a conservative economic growth target for this year, shifting its focus from recovery mode to longer-term challenges like reining in debt and reducing technological dependence on the U.S. The growth target was set at above 6%, well below economists forecasts, with the budget deficit expected to fall to 3.2% of gross domestic product, Premier Li Keqiang said Friday at the opening of the National People’s Congress.”




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