Overview of TOP weekly news
Risks of AstraZeneca
European countries are gradually stopping AstraZeneca’s vaccine. The countries which stopped the vaccine this week are Germany, Italy, France and Spain. The reason is concern about blood clots, which slows down the development of vaccination on the continent and jeopardizes the credibility of the vaccine itself from society.
The country that first suspended the use of the Covid-19 vaccine in Europe was Denmark last week. Ireland, Norway, the Netherlands and Iceland subsequently added that they would wait until the European Medicines Agency investigates a small number of serious blood clotting problems among people who had been vaccinated with AstraZeneca.
The regulatory authority, the European Medicines Agency, will comment on the safety and risks of the vaccine on Thursday after examining the reported cases. The Agency’s current position is that, for the time being, it recommends that countries continue to use the vaccine, with the benefits outweighing the potential risks.
Recovery of the airline sector
The largest American airlines stated that they recorded the highest level of air travel in a year last weekend. One of the most famous airlines Delta Air Lines Inc. said the company’s bookings began to increase five or six weeks ago as people began making plans in the spring and summer. United and Delta said they could stop bleeding cash this month.
The outlook did not improve until March, as January and February were weaker than expected due to the high number of infected, new coronavirus mutations, leading to new restrictions and Covid-19 testing requirements for passengers.
U.S. airline statistics show that they carried 60% fewer passengers last year than in 2019, which has reportedly reduced passenger traffic since the mid-1980s. Major U.S. airlines lost about $35 billion in 2020.
Decreasing the euro area GDP outlook
German bank Deutsche Bank has lowered its euro area economic growth forecasts for 2021 by 100 basis points. The main reason for adjusting the forecast is the spillover of persistent pandemic lockdowns. The investment bank’s gross domestic product (GDP) projections for the euro area from 4.6% out of 5.6% planned for November.
The global economy growth is expected at 6.8%. The bank has raised forecasts for Britain, the US and India.* The UK economy is expected to grow by 5.7%*, up from 4.6% earlier. The Indian economy is expected to grow by 10.2%*, revising 7.9%. November forecast.
“The excellent British vaccination program should see a gradual lifting of restrictions during the first half of the year, leading to a very strong Q2 and a strong Q3,” Deutsche said, adding that the economy could reach about 98% of its pre-pandemic level.*
Volkswagen expects growth in margins
The second-largest German carmaker in the world, German Volkswagen, expects cost reductions, which should help it increase profit margins in the coming years. The carmaker plans to expand electric mobility, by presenting plans to build 6 battery cell plants in Europe and to expand the infrastructure for global charging of electric vehicles.
Performance of Volkswagen’s shares (Source of the graph: Tradingview) 
Content Sharing Agreement
In February, the Australian Parliament passed a law to force digital platforms such as Facebook and Google to pay media companies to use their news content. In response, Facebook and News Corp announced the closure of the three-year.
Performance of News Corp’s shares (Source of the graph: Tradingview) 
Watch this week:
Thursday, March 18, 2021
The Bank of England has a meeting scheduled. The interest rate is expected to remain at 0.1% and the quantitative easing to £875 billion. *
Friday, March 19, 2021
Canada will announce core retail sales in January. A month-on-month decrease of 2.6% is expected. *
Russia will publish the decision of interest rates. Analysts expect to keep the key interest rate at 4.25%. *
Source of the text: Investing, Zerohedge, Financial Times, Reuters, Tradingview
[1,2] Past performance is no guarantee of future results
* Forward-looking statements are based on assumptions and current expectations, which may be inaccurate, or based on the current economic environment which is subject to change. Such statements are not guaranteeing future performance. They involve risks and other uncertainties which are difficult to predict. Results could differ materially from those expressed or implied in any forward-looking statements.