February 19, 2021
01 Top Story China pivots towards consumption
02 ATF TV China’s wealthy-hating complex
03 Where next for bond yields?
Traditionally, fixed income has been a diversifying asset class that typically performs well when risk markets such as equities sell off. However, many are questioning whether this approach is still as effective with bond yields so low — and with good reason.
04 Asia Markets
Japan’s Nikkei 225 index slipped 0.72%, Australia’s S&P ASX 200 tumbled 1.34% but Hong Kong’s Hang Seng index edged up 0.16% and China’s CSI300 added 0.18%.
05 Trump loyalist attacks Webull
A Congressional hearing on the Reddit-driven volatility in GameStop gave a Trump loyalist politician an opportunity to attack Chinese-owned online broker Webull, which competes with Robinhood, the app at the heart of the retail trading frenzy.
06 Japan’s export boom
Japan's factory output expanded for the first time in 22 months in February, new data showed, as strong export demand helped manufacturers shake off effects of the lingering Covid-19 pandemic.
07 US chemical giant declares force majeure
US chemicals giant Celanese declared force majeure on Thursday February 18, saying it was unable to deliver to Asia because of the severe weather conditions in Texas, becoming the latest victim of a storm system disrupting global supply chains.
08 ATF Big Picture
