Shorts – Summaries

The Day Today 9th July 2021

Pfizer plans to ask US regulators to authorize booster dose of its Covid 19 vaccine, due to evidence of greater risk of reinfection six months after inoculation. China Inflation 1.1% y/y vs f/c 1.3%, factory gate prices pretty much as expected. London and Brussels disagree over the size of the divorce bill. Fed Daly said…

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The Day Today 8th July 2021

Fed Minutes “Various participants mentioned that they expected the conditions for beginning to reduce the pace of asset purchases to be met somewhat earlier than they had anticipated” (page 11); it is “their intention to provide notice in advance of an announcement to reduce the pace” (page 11). South Korea reported its highest ever one-day rise in new Covid-19…

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The Day Today 7th July 2021

Sydney lockdown extended by at least another week Singapore excluding Sinovac shots from its national vaccination count as it is only allowed by private healthcare providers Heathrow trial fast-track lane for fully vaccinated on selected flights with BA and Virgin Britain will not return to normality for “quite a long time” and it was likely to be a “difficult” winter…

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The Day Today 6th July 2021

RBA taper QE from 5bn to 4bn weekly pace until “at least mid November”, keep yield curve target on April 2024 bond Latest Israel data suggests Pfizer vaccine a third less effective against Delta variant infections, but only 5 pct pts less effective for preventing hospitalisations Almost all restrictions to end in England on July 19…

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The Economist: Finance and economics articles summarised

Buttonwood: The return of the carry trade Brazil, Mexico, and Russia have raised their interest rates, which will strengthen their currencies. This reduces import costs to quickly lower inflation. It also attracts foreign capital. Chile, Colombia, and Peru are also likely to raise rates soon, South Africa to follow later in 2021. On the simmer:…

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