The Day Today 7th January 2022

  • Fed Bullard sees possible March hike, would like three hikes this year, prefers shrinking balance sheet as soon as rates rise.
  • Fed Clarida blames “inadvertent errors” for self-trading.
  • Moderna CEO: “I still believe we’re going to need boosters in the fall of ’22 and forward”.
  • Military personnel brought into London hospitals as staff shortages mount due to sickness.
  • Key Chinese textile factories shut down early for Lunar New Year on sluggish demand and Covid supply disruptions.
  • Hurtigruten cuts short Antartica cruise on Covid outbreak; Norwegian Cruise LineĀ cancels 8 sailings until 23rd April, half its fleet.
  • Restrictions reintroduced in Australia’s most populous state.
  • Shenzhen requires negative Covid test to leave the region.
  • Russia paratroopers arrive in Kazakhstan.
  • GameStop jumps 27% on WSJ story it will move into NFTs.
  • Samsung Electronics Q4 profits up 52% but misses estimates.
  • Head of Total Portfolio at Canada’s CDPQ says it’s “essential” pension funds remain free from political interference.
  • HMRC extends deadline for tax returns by one month.
  • BBC appoints ITN boss as Head of News

US stock markets trod water ahead of payrolls today. Asian markets were mostly higher.

On this day in 1982, “Fame” premiered on US TV.

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