Steven Blitz on Yahoo Finance Market Recap

Market Recap with Steven Blitz, US Economist, on Yahoo Finance

Steven Blitz on Yahoo Finance

U.S. gains 49k jobs in January, jobless rate lower at 6.3%

Bo Zhuang on British Chamber China

BritCham Market Insights on recent SOE Reform at the 2021 lianghui with China Economist, Bo Zhuang

“Investors are primed for an inflation scare,” says Dario Perkins, even though he thinks it is unlikely to last.
Dario Perkins, Managing Director, Global Macro, quote in WSJ
“The bull case for equities is persuasive in a recovering economy. Earnings expectations have caught up with the pre-crisis level; risk here remains to the upside.”
Oliver Brennan, Head of Research, quote in CNBC
“In the short term, China's biggest consideration is to let Europe remain neutral in the US-China dispute, so the CAI is more like a carrot that China has offered. Between China and Europe, it's easier for Europe to let go of the CAI."
Bo Zhuang, Chief China Economist, quote in The Financial Times
"The tapering bet suggests that COVID-19 will be contained enough this year so that hard-hit services industries will have rehired laid-off workers - that is where the bulk of the roughly 9.5 million remaining lost jobs from the pandemic comes from."
Steven Blitz, Chief US Economist, quote in MarketWatch
"Today, with China accelerating past the US in 5G deployment, the Chinese consumer internet could be viewed as a new investment “time machine”
Rory Green, China and North Asia Economist, SCMP
“These are things that change very slowly over time"
Dario Perkins, Managing Director, Global Macro, Wall Street Journal
"The legislation doesn’t so much fundamentally rewire the economy as bolster the temporary lifelines first offered in last spring’s CARES Act"
Steven Blitz, Chief U.S. Economist, Reuters
“The market is starting to appreciate that higher yields are not necessarily a bad thing for stocks, as long as they reflect higher growth and inflation expectations”
Andrea Cicione, Head of Strategy, Reuters
“Ma’s departure, with Cai and Wang’s academic background, implies PBOC’s research and policy focuses have shifted inwards"
Bo Zhuang, Chief China Economist, Bloomberg
"China, of course, has its own efforts to bolster its technology prowess—an area that will be a focus as policy makers this week hash out the country’s economic agenda."
Rory Green, China and North Asia Economist, Barron's
"It's the unfortunate aspect of any economic disruption that the higher end always manages to work its way through with minimal disruption to their lives and the less fortunate bear the burden. There's nothing new about that,"
Steven Blitz, Chief U.S. Economist, MarketWatch
“Until the economy catches up, markets face a testing time establishing fair values in long-term interest rates that reflect the underlying pace of growth and inflation”
Steven Blitz, Chief U.S. Economist, Financial Times
“The government is seeing domestic consumption not picking up strongly enough, so they need to keep government spending going to offset the downside risks”
Bo Zhuang, Chief China Economist, Bloomberg
“As imports of coal from Australia to China are expected to decline, Russia has a chance to replace at least part of it with its own coal”
Madina Khrustaleva, Analyst, Russia & FSU Research, South China Morning Post
“Very strong exports powered by the ‘Zoom Boom’ demand for laptops and work from home devices boosted manufacturing."
Rory Green, China and North Asia Economist, Bloomberg
“This is an age-old problem for India. As growth recovers and demand starts to pick up, what we will see is supply lagging demand, which basically recreates the conditions for inflation"
Shumita Deveshwar, India Research, Financial Times
“Countries will have to deal with a bipolar world rather than a unipolar world"
Bo Zhuang, Chief China Economist, Bloomberg
“Critical to Biden’s story is that the virus itself is creating the downturn, not any fundamental problems with the economy, and this is what needs to be done to address it.”
Steven Blitz, Chief U.S. Economist, Reuters
“Industrial production has helped drag up manufacturing profits, employment and investment, which would otherwise struggle amid the sluggish Chinese consumer recovery”
Rory Green, Economist, China and North Asia, South China Morning Post
“The Communist Party has realized that fintech has prospered in the regulatory grey area between finance and technology.”
Rory Green, China and North Asia Economist, Barron's
“We expect pressure on their profits and business lines. This is a headwind to MSCI China and a reason why we are neutral China equities.”
Bo Zhuang, Chief China Economist , Barron's
“The real story is about 2022 and beyond.”
Steven Blitz, Chief US Economist, Financial Times
“While one should not expect Johnson to make any inroads with Von der Leyen tonight, the addition of respective negotiators Frost and Barnier to the guest list is a positive signal.”
Oliver Brennan, Head of Research, Reuters
"As this chart from TS Lombard makes clear, the critical steps in bringing peripheral countries’ yield spreads under control all seem to have come from the ECB and its Pandemic Emergency Purchase Programme, or PEPP"
Davide Oneglia, Economist, Bloomberg