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EU Stocks Slide, Ends 19-Month Rally
European stocks finally ended its rallying streak and dropped significantly for the first time in eight days after a drop in miners and banks, ending a streak which lasted for over more than a year. The Stoxx Europe 600 Index fell down by over 0.4% at the end of the previous session, while the equity benchmark extended its one-year rally due to increased expectations of additional borrowing costs in the US paired with burgeoning inflation rates across the globe.

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Fast Progress of Singapore’s Economy Threatened by Trump’s Protectionism

Singapore’s economy advanced at a quicker rate in the past three months of 2016 which is more than expected. A sudden spike in factory production by 12.3 percent in the last quarter year compare to the average annual and seasonally adjusted reference as reported by the Ministry of Trade and Industry.


However, another concern has risen with the uncertainty brought by President Donald Trump. Analysts and government maintained its heedful stance due to foreign events as increasing worries regarding Trump's protectionism over the United States. Moreover, the country is facing a weak service sector and low banking returns where the two largest lenders, DBS Group Holdings (DBSM.SI) and OCBC (OCBC.SI) accounted declined in their quarterly profit and increased data for bad loans influenced by the city-state oil service sector.

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Alcohol and Tobacco Expenditures Fell in UK

Based on the Family Spending Survey led by the Office for National Statistics (ONS), the households in the United Kingdom have practiced much healthier lifestyle since the expenditure for alcohol and cigarettes lessened and most of the families tend to go on restaurants with an average spending of £528.90 per week recorded from the year up to the end of March 2016. According to ONS, the surge in consumer confidence was stabilized from 2015-2016. Included in the said report are the falling figures regarding the cigarette and alcohol spending with an amount of £11.40 each week.

On the other hand, the household consumption intended for cafes, hotels, and restaurants reaches £45 through a week. While the budget for transport and dwellings remained to be at a high-priced level.

Expenses on tobaccos vary across UK nation on a weekly basis. In England, they consumed £2.90, Northern Ireland fork over £6.60, Scotland dole out £4.90 and in Wales expends £3.

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Thai Economy Records Slowest Annual Growth as Consumption Wanes
Thailand’s economy recorded its slowest growth rate in over a year during the previous quarter as the country’s private consumption waned. Thailand’s GDP data showed an expansion by 3% during the past quarter, its slowest annual recorded move. Thailand’s economy surged by 3.2% in 2016 as compared to 2.5% two years ago. This slow GDP growth was mainly attributed to the death of the Thai king followed by a major crackdown on illegitimate Chinese tourists, which also caused the country’s private consumption to drop. However, the Thai baht was among the best-performing currencies in Asia after it grew by over 2% against the USD.

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Greece Fears Economic Collapse amid Debt Crisis
Greek people have withdrawn money from their accounts which exceed to £2billion as they fear the news regarding economic crash which will take place within 45 days. The Hellenic republic was alarmed about the possible scarcity of money in a period of five months because the country is affronted with repayments with an estimate of more than £5.1bn (€6bn), thus the country is unable to pay the total amount without any aid or restructuring.
Greece citizens were forbidden to take more than £1,540 (€1,800) every month from their accounts, however, the currency had continuously depleted at a very fast rate. There are speculations that the Government will fail to pay for the next settlement due in July.
Individuals which involves tourists were strained to wait in line in order to obtain cash from their respective banking machines.

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Brexit Dissenter Kristin Forbes to Resign from BoE Post
Kristin Forbes, one of the most vocal dissenters in the Bank of England’s nine-member Monetary Policy Committee, has decided to leave the UK central bank for good. Prior to this particular announcement, Forbes was constantly being tagged as a possible candidate for positions in the Federal Reserve since the UK-based financial analyst is an American citizen. Forbes has been known in the financial industry for her “dives” into obscure topics which have caused the central bank to rethink its stances on various situations. Just recently, Forbes has again made headlines by blatantly opposing the Brexit referendum last year.

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Canada’s Partnership with Ivanhoe Cambridge and LOGOS to Invest in Indonesia and Singapore
The biggest pension fund managers in Canada settled an agreement with a real estate logistics operator, LOGOS and Ivanhoé Cambridge to have a venture with Asian countries Singapore and Indonesia.
This investment was constituted due to the increase of e-commerce together with the development of the middle-classes around the Southeast Asian market.
Based on the Reuters’ report, the Canada Pension Plan Investment Board (CPPIB) have its initial commitment worth US$200 million intended to achieve the 48% of LOGOS Singapore Logistics Venture (LSLV). Moreover, the Board is assumed to cater US$100 million for the LOGOS Indonesia Logistics Venture (LILV) for reaching 48% stake. The Canadian corporation mentioned that this partnership is considered as the primary step towards direct real estate investments within the two nations. Aside from the two aforementioned countries, LOGOS also have business in China and Australia.

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Ford’s Lincoln Aims to Manufacture SUVs in China
Lincoln automobiles under Ford Motors Co’s plans to advance its entry to China and was doing some analysis on whether to manufacture cars locally. It aims to produce luxury SUVs in China by late 2019 with a bigger target of 80 stores by the end of the year from the former figure of 60 compared to the previous year of 65 Lincoln chain stores.

This move is aligned with the goals of competing with U.S. and German rivals as part of the world’s biggest auto market hereby prompted to design a car models particularly SUVs, to match the Chinese preference. Currently, the Lincoln automobiles are imported to China which a boost in sales as high as 180 percent in the previous year.

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British Parliament Gives Theresa May Brexit Go Signal
British Prime Minister Theresa May is now preparing to jumpstart the actual Brexit process this coming last week of March after finally getting the approval from policymakers to begin two years’ worth of negotiations with the European Union. The British Parliament has finally passed the legislation which will enable the UK government to invoke the Lisbon Treaty’s Article 50, with the formal announcement for the Brexit expected to be announced before this month ends.

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Turkey’s Dispute with Netherlands Called Off its Diplomatic Ties
Turkey plans to put off diplomatic ties with the Netherlands as announced by the Dutch ambassador on Monday, escalating dispute between both countries. This was triggered after the Netherlands refused to permit Turkish Foreign Minister, Mevlüt Çavuşoğlu, to participate in the political rallies of emigrants.

Moreover, there is a tendency for the Deputy Prime Minister, Numan Kurtulmuş, to re-assess its agreement with the European Union and put on hold the migrants from Turkish territory to Europe. Kurtulmuş noted that their actions are in response to how they were treated. The Dutch government was compared to the Nazis by the Turkish President, Recep Tayyip Erdoğan, which was responded by the Dutch Prime Minister Mark Rutte to be offensive and demands an apology.

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Argentine Labor Unions Protested Government Job Cuts
The Argentine Interior Minister, Rogelio Frigerio announced that the labor unions in Argentina put pressure on its government by initiating strikes and marches in advance of the mid-term elections of the country.
Mauricio Macri, 58, have been the country’s President for 15 months who pronounced its commitment to enliven the economy by taking back investor’s trust after 10 years of practicing
free-spending populist policies.
A hoard of laborers protested on March 7 expressing objection regarding job cuts and wages not adjusted for inflation which attained approximately 40 percent last year. Major labor organization has demonstrated its strikes over the previous weeks.

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Republicans Get Trump’s Ire as Health Bill Loses
Republican leaders and groups bore the brunt of President Donald Trump’s ire on Sunday as the administration’s health care bill suffered two straight postponements and eventually lost, putting a stopper to Trump’s attempts to repeal and replace former President Obama’s healthcare law. Trump had previously put the blame on Democrats last Friday after going to Twitter to criticize several Democratic bodies such as the House Freedom Caucus, the Heritage Foundation, and the advocacy group Club for Growth. These groups had vehemently opposed the passing of the said bill and has caused Trump’s bill to fall short of totally erasing Obamacare.

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Vulnerable Regions in Britain Agreed to Leave EU
Further countries of the Great Britain agreed to withdraw from the European Union despite its high susceptibility from the impact brought by Brexit towards the economy, the analysis was based on the recently conducted research following the preparation of the government to set the Article 50 in motion.
According to Demos (Think tank) researchers, the regions that were studied includes Wales, north-east and east Midlands reviewing each state’s reliance on EU exports, utilization of European laborers as well as receipts of grants. The mentioned countries greatly depend on the European market in spite of the fact that majority of the leave voters came from these regions. Moreover, Wales issued 67% of exports, while 62% from the north-east and about 55% from Yorkshire and Humberside.
In addition to it, the government is hoping to minimize the effect by means of a renewed free trade agreement, however, EU negotiators insist that the UK must resolve its divorce settlement terms in the first place.

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China and New Zealand Expanded FTA to Strengthen Ties
Chinese Premier Li Kequiang and New Zealand’s Prime Minister Bill English have agreed to expand the current Free Trade Agreement (FTA) to strengthen cooperation between both nations. Li agreed with the changes in FTA started since 2008 after signing nine pacts with English that would implement the renewed FTA on April 25. Both governments also pledged to work hand -in-hand with the expansion strategy of China called as “One Belt, One Road”.
New Zealand is the first Western country to approve an FTA with China as they are the second largest trading partner of New Zealand. They were also the primary country to join the Asian Infrastructure Investment Bank (AIIB) of China that assisted both the United Kingdom and Australia.
China also intends to cut steel production and exports to a minimal amount with New Zealand while the accusation of steel dumping was toned down by English.The South China Sea issue was also raised but was deemed to be sensitive but concluded that this would not have an impact on the relationship.

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Asian Stocks Surge as Dollar Cools Down
High-risk assets experienced an easing in its selloff after US stocks managed to make a slim recovery, with the USD finally cooling down and the majority of Asian equity markets surging across the board. Meanwhile, investors are evaluating the possibility of a slower inflation rate which will then translate to lesser need for high-frequency interest rates from the Federal Reserve. The USD finally steadied after overshadowing its previous rallies caused by Trump’s election victory.