Insights

• Virgin Atlantic’s chief executive is planning on a long term reduction in business travel
• HSBC agrees to produce documents on the Meng Wanzhou extradition
• China Huarong,

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• Fed Powell says the US economy is at an “inflection point” in CBS’ “60 Minutes”
• BOE now

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1. The US
US Retail Sales (Thursday) will be in focus for just how much the consumer rebounded following the receipt of their stimulus checks, and in the month after the terrible February weather.

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• Florida sues the Biden administration in a bid to restart the cruise industry
• US added Chinese supercomputing to export blacklist
• China Producer Prices

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The fall of Archegos Capital looks like just another example of hubris. Wrong positions, wrong time. But the sheer scale and speed of the losses are a reminder of the dangers inherent to our allegedly risk-free markets.

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