Celebrating 25 years

Read about our history

holborn market recap March 12th

Holborn Market Recap 8-12 March 2021

Good day, this is Holborn’s weekly market recap. Let’s take a look at this week’s news in finance.

Monday March 8th

News in finance: In Germany, Destatis published a survey which showed that the country’s industrial production fell 2.5% in January on a month-to-month basis. The figure was much worse than economists had forecast (+0.2%).  


Tuesday March 9th

News in finance: The Japanese government announced that the country’s GDP grew by 2.8%, on a quarterly basis, in the fourth quarter of 2020. Market analysts had forecast a 3% rise.

paris seine river holborn market recap

In eurozone’s financial updates, Eurostat released data which showed that the euro bloc’s shrank by 4.9% in the fourth quarter of 2020, on a quarter-to-quarter basis. Data was slightly better than expected, helping the euro strengthen against the US dollar.


Wednesday March 10th

News in finance: The National Bureau of Statistics (NBS) said that the Chinese CPI inflation stood at -0.2%, on an annualised basis, in February. Economists polled by Reuters had been expecting a -0.4% figure.

The Bank of Canada (BoC) governing board convened to decide on interest rates. The BoC’s policymakers kept its benchmark interest rate on hold at 0.25%. In its post-meeting statement, the board noted that it expects the Canadian economy to grow in the first three months of 2021. A month ago, the board had forecast an economic slump.  


Thursday March 11th

News in finance: The European Central Bank (ECB) announced that it would keep interest rates unchanged as economists had been expecting. The ECB’s governing council noted that it would step up its bond-buying stimulus in the coming months.

frankfurt city germany

Commenting on the board’s decisions, the head of the ECB Christine Lagarde said that “increases in market interest rates (such as bond yields), when left unchecked, could translate into a premature tightening of financing conditions for all sectors of the economy.”


Friday March 12th

News in finance: The Office for National Statistics (ONS) published a survey which showed that the UK’s GDP shrank 2.9% in January, on a month-to-month basis. Analysts attributed the drop to the new lockdown measures that hit the economy.

In Germany, the Harmonised Index of Consumer Prices (HICP) came in at 1.6% in February, on an annualised bases, according to data shared by Destatis. The figure was in line with market expectations.


We hope you enjoyed the weekly market recap. From all of us at Holborn Assets have a lovely weekend!

Ready to chat with
a specialist?

Get started

You may also be interested in

interest rates

Interest rates: what are they, and how do they work?

Key points: Interest rates show the cost of borrowing and how rewarding it is to save. Inflation is the rate at which the price of goods and services increases over...

Read more
Double tax agreements explained

Double tax agreements – what are they and how do they affect expats?

Key points Double tax agreements prevent you from being taxed twice on the same income. The UK has the world’s largest network of double tax agreements. Double tax agreements provide...

Read more
Investment funds

Investment Funds: What you Need to Know

Key points Investment funds pool money from multiple investors to buy assets. Funds offer a passive and active option to cater to different goals. Investment funds offer a straightforward way...

Read more

What is a high-net-worth individual and how do you become one?

Key points Net worth is a metric that gives a snapshot of your bigger financial picture. HNWIs are those with between £1 million and £5 million in liquid assets. Investments...

Read more