Shorts – Summaries

The Day Today 7th June 2021

G7 tax deal agreed by finance ministers “is a starting point”, it aims to close loopholes multinationals use Global chip shortage will last at least another year forecasts Flex, the world’s third biggest electronics manufacturing services company Treasury secretary Janet Yellen said “if we ended up with a slightly higher interest rate environment it would…

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The Economist: Finance and economics article summarised

Commercial property Companies are trying to tempt workers back to offices but only one in 20 buildings in America have occupancy levels above 10%. Newer buildings with better facilities, e.g. air filtration facilities, are the only ones with any real demand. Forecasts are gloomy for occupancy rates, yet prices have not reacted that much. Stimulus…

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The Day Today 4th June 2021

Biden floats idea of 15% minimum tax on US corporations to garner bipartisan support. Joe Biden will speak at 2:15pm today on the NFP release, he did this last month after a poor number. Fauci urges China to release medical records of Wuhan lab workers. British travel plans had to readjust after Portugal was taken…

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The Day Today 3rd June 2021

Fed Harker said “it may be time to at least think about tapering”. Biden to amend US ban on investments in companies linked to China’s military. Fed Beige Book showed US economic activity “expanded at…a somewhat faster rate than the prior reporting period” and “price pressures increased further”. Fed will soon sell the corporate bonds and ETFs amassed last year through the emergency Covid-19 vehicle. Australia Trade surplus…

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The Day Today 2nd June 2021

Fed Brainard: “attentive to risk on both sides”… “sharp temporary [price] increases….seem unlikely to leave an imprint”… “[employment[ shortfall is over 10 million jobs if we take into account the secular job growth that would have occurred over the past year”. WHO approves second Chinese vaccine, Sinovac. Amazon opens up potential lawsuits against Alexa for…

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