Shorts – Summaries

The Day Today 21st January 2022

Japan core CPI +0.5% y/y vs 0.6% exp as Bank of Japan Minutes from December show some members concerned over inflation. Yellen: “Inflation rose by more than most economists, including me, expected and of course it’s our responsibility with the Fed to address that. And we will”. UK GfK Consumer Confidence falls to lowest level in 11 months. Adele postpones her Las Vegas residency from…

Read more >

The Day Today 20th January 2022

President Biden predicted Russia would “move in” on Ukraine. Boris Johnson fights on and some Conservative rebels back off awaiting the Sue Gray report. China cut borrowing costs, the one year loan prime rate was cut 10bp to 3.7% and the five year was cut 5bp to 4.6%. Australia Employment rose 65,000 vs f/c 30k…

Read more >

The Day Today 19th January 2022

UK PM is facing a serious revolt, not least from the newest batch of Conservatives MPs. Japan is ready to widen Covid restrictions to cover half the population as infections reach record levels. Tongan relief efforts are complicated by their efforts to stay virtually Covid free. Australia will waive their A$630 visa application fee for…

Read more >

The Day Today 18th January 2022

Bank of Japan unch but revises up inflation forecast and says “risks to prices are generally balanced” rather than skewed to downside. Xi Jinping warns “If major economies slam on the brakes or make major U-turns in their monetary policies there will be serious negative spillovers” and tells Davos that common prosperity “is not egalitarianism, we will first make…

Read more >

The Day Today 17th January 2022

Beijing reports first Omicron case and requires tests within 72 hours of arrival in the city. China cuts rates by 10bps on one year MLF loans for first time since April 2020. China Q4 GDP 4% vs 3.6% forecast, 2021 GDP 8.1% vs 8.4%. China Retail Sales disappoint at 1.7% vs 3.7% exp, while Industrial Output improved to 4.3% vs 3.6% exp. China population growth lowest since the…

Read more >