Shorts – Summaries

The Day Today 21st September 2021

Canada election returns another Trudeau minority government, but projections suggest with only one more seat than before. Japan FinMin warns “more time may be needed” to meet balanced budget target. Overseas buyers accounted for a quarter of purchases at 10y Tsy auctions in August, highest in three years. British Steel being quoted power prices of…

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The Day Today 20th September 2021

Yellen writes WSJ op-ed “Congress, Raise the Debt Limit”, warning of “financial market disruptions” if they don’t Democrats concede size of infrastructure bill will be lower than $3.5trn and that deadline of end-Sept will be missed Evergrande shares drop 19% to 11-year low as worries rise over debt payments coming due on Thursday Iron ore drops for ninth day in a row as China announces more steel…

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The Week That Will Be (19th September 2021)

1. German Election (Sunday) Germany is going left and going green, whatever the constellation of the eventual coalition. The debt brake, implemented in the wake the financial crisis, is no longer fit for purpose in a country – and a world – where an emergency has required an ever larger state. Merkel’s Chief of Staff wrote an op-ed to…

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The Day Today 17th September 2021

UK’s Sunak will announce a new set of rules to rein in UK’s borrowing in next month’s budget. ECB refutes FT report that ECB internal models see inflation hitting 2% by 2025, suggesting rate hikes in just over 2 years. China’s crude steel output fell 4.1% representing a 13.2% drop on the year; China has…

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The Day Today 16th September 2021

US tax increases, biggest in a generation, took a major leap forward as they won approval from the House Ways and Means Committee, no Republicans voted in favour. British electricity imports from France will be reduced until March due to a fire on a subsea cable, power prices are already at all time highs. BBC…

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