Shorts – Summaries

The Day Today 29th June 2022

ECB mulls whether to put a number on its upcoming bond buying plan. ECB Lane says “we have to manage the two risks” of either higher inflation or the return of disinflation. NATO reaches deal with Turkey to admit Sweden and Finland. UK emergency plan if gas supplies drop would involve cutting off interconnecters with mainland Europe. Australia retail sales +0.9% vs 0.4% expected FCC…

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The Day Today (28th June 2022)

US Strategic Petroleum Reserve falls to lowest levels since 1986. Australia PM warns Chinese should learn from Russia’s “strategic failure” in Ukraine. EU Energy Commissioner says “a very serious disruption” of gas supplies from Russia “now… seems likely”. ECB to drain cash from banking system to sterilise any “anti-fragmentation” bond purchases, sources tell Reuters. US company spending on private jets for personal use by executives…

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The Day Today 27th June 2022

UK, US, Japan and Canada to ban new imports of Russian gold. Biden tells Scholz at G7: “I want to compliment you on stepping up as you did when you became Chancellor. Putin’s been counting on it from the beginning, that somehow NATO and the G7 would splinter, but we haven’t and it’s not going to”. Russia fires missiles on Kiev. G7…

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The Day Today 24th June 2022

The Conservatives lose both by-elections: Wakefield to Labour on a 12.7 pct pt swing and Tiverton & Honiton on a 29.9 pct pt swing to the Liberal Democrats. Conservative Party co-Chairman Oliver Dowden resigns, saying “Somebody must take responsibility”. EU approves candidate status for Ukraine. Jordan’s King Abdullah II says he “would be one of the first people that would endorse a Middle East…

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The Day Today 23rd June 2022

At opening of BRICS conference, President Xi says “We will step up macroeconomic policy adjustment, and adopt more forceful measures to deliver the economic and social development goals for the whole year and minimize the impact of COVID-19”. Germany fears Russia to cut off replacement gas during regular summer maintenance period for Nord Stream I. Zuckerberg envisages a billion people in…

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