The Day Today 14th October 2021

– China Producer Prices accelerated, up 10.7% YoY, the highest rate since 1996, though CPI eased due to lower food prices.
– MAS unexpectedly tightens policy by allowing the Singapore dollar to appreciate.
– Biden adds Port of LA to Port of Long Beach in operating 24/7, asks private sector delivery firms to do the same.
– Fed Bowman “very comfortable” with November taper as asset purchases “have essentially served their purpose” and “I am concerned [they] could now be contributing to valuation pressures, especially in housing and equity markets”.
– Australia’s Northern Territory announces “anyone serving the public at work will have to be vaccinated”, if not by Christmas Eve they will be fined AUD 5,000 and fired.
– Australia employment falls 138,000 as lockdowns continue.
– CS cuts fees for clients affected by Greensill.
– Sunak to dilute cap on charges for workplace pensions to enable investment into higher fee products like venture capital.
– More than 40 UK trade associations demand reform to business rates.
– Heathrow wants to double landing fees over the next five years.

The S&P500 eked out a gain, Asian markets were mostly higher overnight. More earnings due today from US banks.

The Week That Will Be

On this day in 1926, the first book featuring that rare philosopher Winnie-the-Pooh was published

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.