Market Review and Trends
Weekly Market Recap | 6 March 2021
By Syfe  •  March 6, 2021
The Week Ahead
  • S Core CPI (Feb)
  • ECB Press Conference
Thought Of The Week U.S Markets Whipsawed, Labour Market Improves, Senate Vote on Stimulus Bill Economic optimism continued to keep yields elevated this week, causing concerns that companies with lofty valuations may have trouble living up to expectations if borrowing costs surge too quickly. Despite noting the recent hike in yields in his speech on Thursday, Federal Reserve Chairman Jerome Powell did not suggest any “Operational Twist” to rein in bond yields by eliminating its holding of Treasury bills and putting the money in longer-term securities since the employment figures and inflation are still far from target. However, signs of progress can be seen in the labour market from the U.S employment report for February. Non-farm payroll increased by 379,000, beating market’s expectation of 198,000 while the unemployment rate held steady at 6.2%. Meanwhile, Senate reached an agreement after hours of debate on Friday on an updated version of the $1.9 trillion...
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By Syfe
Syfe is a digital investment platform that is building the next generation of financial solutions for individuals across Asia ...
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