The Day Today 22nd November 2021

  • South Korean exports rose 27.6% in the first 20 days of the month, this is looked at as an early indicator of global trade.
  • New homes in England will be required to have electric vehicle charging points from next year, the PM is set to announce this today at a CBI conference.
  • Telecom Italia announced on Sunday that its board had examined a non-binding proposal by KKR (who already hold 37.5% of TI) aimed at taking the Italian phone group private, their equity is valued at €10.7bn and they have €22.5bn of debt.
  • Austria is aiming at making Covid vaccinations mandatory and protests over Covid restrictions spread to Brussels.
  • China’s central bank kept its Loan Prime Rates unchanged; they had indicated in their latest quarterly monetary policy report on Friday that possible easing measures were to come.
  • Japan is reportedly looking at releasing oil reserves after US request.

The S&P 500 closed on Friday down 0.1%, tech stocks rose but financials and energy companies fell. Asian equity markets were mixed.

The Week That Will Be
The Fed; Clarida his term expires in just two more meetings, he’s yesterday’s man. Tomorrow’s man/woman as Fed chair should be known by Thanksgiving: ECB; minutes on Thursday, the hawks have been subordinated anyway: BOE; Huw Pill speaks on Friday about the economic outlook, but Haskel is on Tuesday to the Adam Smith Business School on inflation.

The Economist: Finance and economics articles summarised

On this day in 1963 John F. Kennedy was assassinated.

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