Big Data Analytics Solutions | Financial Services in India |Decimal Point Analysis

Weekly Market Report

06 Apr 2021

06 April 2021

Image
Image
Image

The Market Last Week

Global equities ended mostly firmer last week, amid prospects for swift global economic rebound.


UK Markets ended the week in negative territory, weighed down by losses in energy sector stocks.

Gross domestic product (GDP) grew more than market anticipations on a quarterly basis in 4Q20.

The Markit manufacturing PMI advanced more than market forecast in March.

Current account deficit widened less than market forecast in 4Q20.

Mortgage approvals fell more-than-expected in February.

Consumer borrowing slowed to a record low in February.

The BRC shop price index fell in March.

The Nationwide house prices unexpectedly dropped on a monthly basis in March.




European Markets ended the week on a positive footing, amid hopes for global economic recovery.

Eurozone’s services sentiment indicator improved in March.

In the Eurozone, the economic sentiment indicator rose to its highest level since February 2020 in March.

Eurozone’s consumer confidence index climbed in March.

In the Eurozone, industrial confidence index unexpectedly rose in March.

Eurozone’s business climate indictor advanced in March.

In the Eurozone, the Markit manufacturing PMI rose more than market anticipations in March.

Eurozone’s consumer inflation rose to its highest level since the start of the pandemic in March.

Germany’s consumer price index (CPI) climbed on an annual basis as expected in March.

In Germany, retail sales rose less than market consensus on a monthly basis in February.

Germany’s unemployment rate remained steady in March.

In Germany, the Markit manufacturing PMI remained unchanged in March.




US Markets ended the week in green, as upbeat US economic data boosted investor sentiment.

The Dallas Fed manufacturing business index climbed to a 17-year high in March.

The CB consumer confidence index rose to a one-year high in March.

The housing price index advanced in January.

The Chicago PMI jumped to its highest level since July 2018 in March.

US private sector employment rose at its fastest rate since September 2020 in March.

The unemployment rate fell in March.

Nonfarm payrolls climbed more than expected in March.

The ISM services index rose in March.

The Markit manufacturing PMI rose in March.

The ISM manufacturing PMI advanced more than market anticipations in March.

Construction spending dropped less than market consensus on a monthly basis in February.

Pending home sales fell by the most since April 2020 in February.

Factory orders fell for the first time in 10 months in February.

Durable goods orders dropped in February.

The MBA mortgage applications fell on a weekly basis in the week ended 26 March 2021.

US initial jobless claims rose more than market consensus on a weekly basis in the week ended 26 March 2021.




Asian Markets ended firmer last week, tracking gains in their US counterparts.

Australia’s private sector credit demand grew on a monthly basis in February.

In Australia, building permits climbed on a monthly more than market anticipations in February.

Australlia’s AiG performance of mannufacturing index advanced in March.

In Australia, retail sales fell less than expected in February.

Australia’s Commonwealth Bank manufacturing PMI fell in March.

In Australia, trade surplus narrowed in February.

Australia’s home loan approvals dropped in February.

China’s NBS non-manufacturing PMI advanced in March.

In China, the NBS manufacturing PMI climbed at its fastest pace in 3 months in March.

China’s Markit services PMI climbed in March.

In China, the Caixin manufacturing PMI unexpectedly fell in March.

Japan’s Jibun Bank services PMI rose in March.

Japan’s Jibun Bank manufacturing PMI advanced in March.

In Japan, retail trade advanced on a monthly basis in February.

Japan’s Jibun Bank manufacturing PMI rose in March.

In Japan, construction orders rose on an annual basis in February.

Japan’s industrial production fell on a monthly basis more than expected in February.

In Japan, household spending declined more than market expectations in February.

Japan’s unemployment rate remained steady in February.




Image

Currency Update

The EUR ended lower against the USD last week, as tighter coronavirus-led restrictions in France, Italy and Germany weighed on the short-term outlook for Eurozone’s economy.
The British Pound ended stronger against the greenback last week, after Britain’s economy grew more than expected in 4Q20.
The US Dollar ended mostly stronger against its major counterparts last week, following upbeat US economic data.


Image

The Week Ahead

Going ahead this week, investors will keep a tab on the US JOLTs job openings, goods trade balance, FOMC minutes, consumer credit change, initial jobless claims, Federal Reserve Chairman Jerome Powell’s speech and the producer price index (PPI) for further direction. Additionally, Eurozone’s Sentix investor confidence index, the unemployment rate, the Markit services PMI, the PPI, ECB monetary policy meeting account along with Germany’s Markit services PMI, factory orders, trade balance, current account balance and industrial production will keep investors on their toes. Also, UK’s Markit services PMI, the Markit construction PMI, the RICS housing price balance and the Halifax house price index would garner significant amount of investor attention.


Image

Send us an email on research@decimalpointanalytics.com for your feedback

To make sure you receive all the emails from Decimal Point, please add us in your address book.

Image


Contact Us

5A, B-Wing, Trade Star Building, J. B. Nagar, Andheri-Kurla Road, Andheri (East), Mumbai - 400 059, Maharashtra, India

www.decimalpointanalytics.com | info@decimalpointanalytics.com | +91 22 4919 5200

Incase you want to unsubscribe from this mailing list please click on the link UNSUBSCRIBE

×

Decimal Point Analytics (DPA) will process the information in this form to share information as requested. By checking the above box you confirm your acceptance to receive the communication. You can unsubscribe any time by clicking the ‘Unsubscribe’ link in the footer of any email you receive from us, or by contacting us at

We use cookies to measure website performance, provide social media features and personalize content.
Close this dialog to confirm you are happy with that, or find out more in the privacy statement.