Shorts – Summaries

The Day Today 9th June 2022

UK RICS Survey reports drop in buyer inquiries even as 73% of respondents said house prices increased in May. China Exports and Imports both beat forecasts, leaving the Trade Balance in a surplus of $79bn vs $58bn expected. Thailand decriminalises marijuana and releases 3,071 inmates who had been convicted of cannabis-related crimes. As Shanghai reopens,…

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The Day Today 8th June 2022

Credit Suisse issues profit warning for Q2 due to geopolitics and interest rate hikes hurting its investment bank. Reserve Bank of India raises rates by 50bp as expected. China Vice Commerce Minister says they will make ports more efficient and hold more online trade fairs to boost exports. Japan Q1 GDP shrank by less than…

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The Day Today 7th June 2022

RBA surprises with a 50bp hike, “inflation is likely to be higher than we expected a month ago” and “The Board expects to take further steps in the process of normalising monetary conditions in Australia over the months ahead”. Apple launches “Apply Pay Later” allowing payments to be spread into 4 instalments over 6 weeks, interest free. The Philippines cuts some…

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The Day Today 6th June 2022

S Korea and the US fired 8 missiles off S Korea east coast in response to N Korea ballistic missile test. BOJ Kuroda: “The BOJ will be unwavering in its stance of maintaining powerful monetary easing, so that recent changes such as a rise in inflation expectations … lead to sustainable price growth”, “As long as the moves…

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The Day Today 27th May 2022

Europe is making contingency plans in case Russia cuts all gas supplies this year. Russia is due to make an interest payment on bonds today, Russia says they have made them, but now that the US has closed a loophole that previously allowed American banks to accept these payments there may well be consternation, Russia…

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