Shorts – Summaries

The Day Today 30th September 2021

US Senate will vote today on a stopgap measure to avert a government shutdown. The Fed, ECB, BOJ and BOE all voiced cautious optimism that supply chain disruptions which are causing rising inflation will only be temporary. The new Japanese party leader of the LDP is seen as “Mr status quo”. China Caixin Manufacturing PMI…

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The Day Today 29th September 2021

US Republicans blocked the debt limit hike for a second time. Japan’s ruling party, the LDP, chose Fumio Kishida to be the new party leader, which means he will almost definitely be  voted as the next Prime Minister in the Diet session on October 4th, just in time to take his party and country into…

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The Day Today 28th September 2021

US Senate Republicans blocked a bill that would prevent a government shutdown: Fed officials warn of catastrophic consequences of failing to raise the debt ceiling. World Bank says the Delta variant is slowing growth in the East Asia and Pacific region. Kaplan and Rosengren (both hawks) stepped down from the Fed following financial disclosures. China’s energy…

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The Day Today 27th September 2021

German election: SPD won the most votes, 25.7%, while the CDU won 24.1%, an historic low. China/US/Canada completed a prisoner swap. Competition law in the UK will be suspended to allow oil firms to target fuel deliveries: the army maybe drafted in to drive tankers. Oil prices continue to rise, Brent hit the highest level…

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The Day Today 24th September 2021

Japan CPI flat, as exp, but impacted by change in base year overweighting disinflationary mobile phone fees. US 30y bond has largest one day move since March 2020. DFS warns cost of furniture going up, delivery times lengthening. China relaxes restrictions on domestic banks making overseas Yuan-denominated loans. UK Chancellor announces review into much of…

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