Shorts – Summaries

The Day Today 23rd February 2024

Fed Waller said “the Committee can wait a little longer to ease monetary policy”. Fed Cook said “I would like to have greater confidence that inflation is converging to 2% before beginning to cut the policy rate”. US puts sanctions on 500 Russian targets. The Houthis’ newly-dubbed Humanitarian Operations Coordination Center announced a ban on Israeli, US…

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The Day Today 22nd February 2024

Fed Minutes showed “Most participants noted the risks of moving too quickly to ease the stance of policy” and that rate cuts wouldn’t be “appropriate…. until they had gained greater confidence that inflation was moving sustainably toward 2%”. Nvidia smashed earnings expectations with revenue of $22.1bn vs $20bn expected and issued guidance of $24bn for the…

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The Day Today 21st February 2024

Amazon will join the Dow Jones Industrial Average next week, replacing Walgreens Boots Alliance. Japan’s trade deficit shrank as exports grew nearly 12% yoy vs f/c 9.5% due in large part to a jump in shipments of vehicles, auto parts and machinery, imports declined 9.6% yoy vs f/c -8.4%. HSBC shares fell as it missed earnings estimates….

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The Day Today 20th February 2024

The US circulated a draft UN Security Council resolution warning Israel against a “major ground offensive” into Rafah. China cut a key mortgage reference rate, they slashed the five year loan prime rate by 25bp to 3.95%. China’s coastguard boarded a Taiwanese tourist vessel in a rare inspection. Thailand’s PM asked the central bank to…

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The Day Today 19th February 2024

US says it will take action if China tries to dump goods on the international market. Chinese premier Li Qiang called for “pragmatic and forceful” action to boost the nation’s confidence in the economy. UK authorities are investigating reports a UK registered cargo ship had come “under attack” off the coast of Yemen. German defence…

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