Shorts – Summaries

The Day Today 5th August 2022

Liz Truss says a UK recession “is extremely worrying but it’s not inevitable, we can change the outcome and make it more likely the economy grows” in Sky News debate. Pelosi says the US will not let China isolate Taiwan in trip to Tokyo. Kyrsten Sinema will back the Inflation Reduction Act after carried interest provision is dropped. Biden tests positive for Covid…

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The Day Today 4th August 2022

China begins live fire military drills around Taiwan. Toyota quarterly operating profit almost halves as China Covid lockdowns forced it to curb production. Outflows from Chinese bonds continue in July according to IIF. Japan electronics producers warn of production cuts as inventories piled up during China lockdowns. Tiger Global admits “it is clear we underestimated the impact of rising global inflation and entered 2022 with too…

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The Day Today 3rd August 2022

Fed Bullard: “Modern central banks have more credibility than their counterparts in the 1970s… Because of this … [we] may be able to disinflate in an orderly manner and achieve a relatively soft landing…. inflation has come in hotter than what I would have expected… I think we’re going to have to go a little bit higher than what…

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The Day Today 2nd August 2022

Conservative leadership contender, Liz Truss, vowed to fight the “Whitehall” establishment in a war on waste, she also refused to rule out breaking up the Treasury. RBA increased rates by 50bp and “expects to take further steps…but it is not on a pre-set path”. BA halted sales of tickets on short haul flights from Heathrow…

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The Day Today 1st August 2022

Fed Kashkari: “Whether we are technically in a recession or not doesn’t change my analysis… We definitely want to see some slowing.. We’re going to do everything we can to avoid a recession, but we are committed to bringing inflation down, and we are going to do what we need to do”. China Caixin Manufacturing PMI disappoints at 50.4 against 51.5…

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