Shorts – Summaries

The Day Today 5th June 2023

Saudi Arabia announced further voluntary oil production cut from July while OPEC+ retained 2023 targets and extended them into 2024. IMF Chief said “We don’t yet see a significant slowdown in lending. There is some, but not on the scale that would lead to the Fed stepping back”. China Caixin Services PMI rose to 57.1 from 56.4. The UN said it was “alarmed” by…

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The Day Today 2nd June 2023

US Senate voted to approve the debt ceiling bill, 63 to 36 with 46 Democrats and 17 Republicans supporting it. Softbank shares jumped 5%  caught in a frenzy for semiconductor and AI related stocks. UK government likely to lose its legal case against the Covid inquiry says government minister George Freeman. The Two Weeks That…

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The Day Today 1st June 2023

US House approved a deal to raise the US debt ceiling, 314-117 with 165 Democrats joining 149 Republicans, now it goes to the Senate. Fed Harker said of a rate hike at the next Fed meeting “I am definitely in the camp of thinking about skipping any increase”, Fed Jefferson said “skipping a rate hike…

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The Day Today 31st May 2023

China Manufacturing PMI dropped to 48.8 against expected tick up to 49.4 from prior 49.2. US House Rules Committee voted 7-6 to allow debt ceiling bill to progress to full House vote. Goldman to cut 250 jobs, third round of job cuts since September. N Korea’s first spy satellite launch failed but evacuation alert is triggered,…

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The Day Today 30th May 2023

Spanish PM called early General Election after poor showing in regional elections. China declined US invitation for meeting between defence chiefs. Two Republican members of the House Rules Committee come out against the debt ceiling deal along with one Republican Senator. UK shop price inflation hits highest level since BRC records began 18 years ago. The Two Weeks That Will Be US ISM Thursday and…

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