Shorts – Summaries

The Day Today 21st December 2021

Biden/Manchin negotiations seem to be still ongoing. Omicron accounts for 73% of US virus infections. WHO urges some holiday plans to be cancelled to protect public health. UK study by Imperial College finds “omicron…limited changes in severity compared with Delta” RBA Minutes added little new after Lowe’s speech last Thursday. Japan government’s latest economic report…

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The Day Today 20th December 2021

Manchin says he cannot support ‘Build Back Better’ package. Fed Waller said a rate rise could be as early as March. UK Chancellor and other cabinet ministers resist lockdown before Christmas; PM considers ‘light touch’ restrictions to curb omicron. Netherlands goes into strict lockdown over Christmas due to omicron concerns. German Health Minister, Karl Lauterbach, said “there will not be a lockdown before Christmas”. China cuts 1year loan prime…

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The Economist: Finance and economics articles summarised

Private markets Records in private markets are being broken. In the first 11 months of 2021, private equity firms sealed over 13,000 deals worth more than $1.8trn, that’s more than in any previous full year. Private capital firms, which include PE as well as funds that target credit, etc have raised $1.1trn from end investors,…

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The Christmas Week That Will Be

Whilst the release of Turkey’s FX Reserves will raise an eyebrow on Thursday (now that’s a country with an inflation problem) and we get RBA and BOJ Minutes on Tuesday, the only vaguely interesting data release will be an update on the Fed’s preferred measure of inflation, the PCE index, on Thursday. Even then it doesn’t matter to the Fed’s reaction function,…

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The Day Today 17th December 2021

The Liberal Democrats take North Shropshire from the Conservatives with swing of 34.1% and on turnout of 46.3%, winning candidate Helen Morgan says the British people ‘have said “Boris Johnson, the party is over”‘. BOJ extends pandemic loan scheme for small businesses only by six months but reduces commercial paper and corporate bond purchases. UK expected to abandon demands to remove ECJ oversight of Northern Ireland. UK…

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