Reuters reports, citing sources with knowledge of the matter
Schlagwort-Archiv: GBP
US CPI data later today isn’t going to decide much in the inflation debate
Just another data point to fight over without any real answers for now
The estimate is for headline annual inflation to keep at the highs, at +5.3% y/y in October while core inflation is estimated to hold at +4.0% y/y.
The estimate is for headline annual inflation to keep at the highs, at +5.3% y/y in October while core inflation is estimated to hold at +4.0% y/y.
Reminder: It is a US holiday tomorrow
The weekly initial jobless claims report is brought forward to today
There will be no economic releases as well, so that means the data for tomorrow i.e. weekly initial jobless claims, is brought forward to today.
There will be no economic releases as well, so that means the data for tomorrow i.e. weekly initial jobless claims, is brought forward to today.
German economic advisers cut growth forecast for the year, see more inflation
The latest projections by the economic advisers to the German government
– 2021 GDP seen at +2.7% (previously +3.1%)
– 2022 GDP seen at +4.6% (previously +4.0%)
Their previous projections came in March, so that is pretty much irrelevant at this stage considering the change in circumstances over the past few months especially amid supply bottlenecks and rising
– 2021 GDP seen at +2.7% (previously +3.1%)
– 2022 GDP seen at +4.6% (previously +4.0%)
Their previous projections came in March, so that is pretty much irrelevant at this stage considering the change in circumstances over the past few months especially amid supply bottlenecks and rising
China state-owned firms said to call on regulators to adjust lending restrictions to property developers for M&As
According to sources cited by Chinese media outlet, Cailianshe
It is reported that some Chinese state-owned firms have told regulators to consider adjusting the ‚three red lines‘ on lending restrictions to property developers in order to facilitate mergers and acquisitions within the space.
It is reported that some Chinese state-owned firms have told regulators to consider adjusting the ‚three red lines‘ on lending restrictions to property developers in order to facilitate mergers and acquisitions within the space.
NIESR sees UK CPI peaking at around 5% in Q2 2022
NIESR with their latest projections on the UK economy
US October NFIB small business optimism index 98.2 vs 99.1 prior
Latest data released by NFIB – 9 November 2021
With the overall situation unlikely to abate in the months ahead, expect that to weigh further on overall activity going into next year at least.
With the overall situation unlikely to abate in the months ahead, expect that to weigh further on overall activity going into next year at least.
The mood music begins to shift in equities, again..
European indices inch higher while US futures pare early declines
Major European indices are up around 0.1% to 0.2% with the French CAC 40 briefly clipping a record high of 7,067.50 on the session.
Major European indices are up around 0.1% to 0.2% with the French CAC 40 briefly clipping a record high of 7,067.50 on the session.
Germany November ZEW survey current conditions 12.5 vs 18.0 expected
Latest data released by ZEW – 9 November 2021
As for the improvement to the outlook, ZEW notes that market experts are more optimistic about things in the next six months – expecting growth to pick up again and inflation to fall in both Germany and across the Eurozone.
As for the improvement to the outlook, ZEW notes that market experts are more optimistic about things in the next six months – expecting growth to pick up again and inflation to fall in both Germany and across the Eurozone.
Yen holds early advance, major currencies mostly little changed otherwise
Not a whole lot happening so far today
Besides some action in the and , major currencies are largely more subdued with EUR/USD holding around 1.1590-00 for the most part and commodity currencies also barely budging against the dollar so far today.
Besides some action in the and , major currencies are largely more subdued with EUR/USD holding around 1.1590-00 for the most part and commodity currencies also barely budging against the dollar so far today.