Morning Brief: Biden to Speak on Inflation, Brexit Tensions Resurface
Americas
Economic Indicators and Prospects
A high share of banks are reporting stronger demand for credit card and auto loans pic.twitter.com/R8jIlR2t3w
— Mike Zaccardi, CFA, CMT (@MikeZaccardi) May 9, 2022
Housing
On net banks are reporting weaker demand for residential mortgages. pic.twitter.com/ZsKa9010Hr
— Mike Zaccardi, CFA, CMT (@MikeZaccardi) May 9, 2022
Monetary Policy
The Federal Reserve warned of deteriorating liquidity conditions across key financial markets in a semi-annual report published Monday https://t.co/uAytpB9if1
— Bloomberg Economics (@economics) May 9, 2022
Atlanta Fed President Raphael Bostic said he favors policy makers continuing to raise rates by half-point increments rather than doing anything larger https://t.co/kcEPNgOIaK
— Bloomberg Economics (@economics) May 9, 2022
SF Fed Paper Says Yield Curve Doesn’t Signal Big Recession Risk – WSJ
— LiveSquawk (@LiveSquawk) May 10, 2022
https://t.co/Dpp6uCjLXG
Politics
President Biden Is To Speak Today, Regarding Inflation At 1130 ET, 1530 GMT – ForexLive https://t.co/okshn3Yes8
— LiveSquawk (@LiveSquawk) May 10, 2022
TUESDAY: Treasury @SecYellen testifies on Annual Financial Report @senatebanking @bankinggop – LIVE at 10am ET on C-SPAN https://t.co/IK2H8wlBeI pic.twitter.com/HF54LMyDdn
— CSPAN (@cspan) May 10, 2022
Trade, Supply Chain and Geopolitics
Asia
Covid-19
Shanghai Suspends Its Last Two Available Subway Lines – The Paper https://t.co/FIVB7YSOG6
— LiveSquawk (@LiveSquawk) May 10, 2022
Economic Indicators and Prospects
Japan Household Spending Beats Expectations, But Inflation Risks Loom – RTRS https://t.co/gHnB0TRqmX
— LiveSquawk (@LiveSquawk) May 10, 2022
Australia Business Sentiment Holds Up Amid Acute Cost Pressures – BBG https://t.co/JK5WbrMCFf
— LiveSquawk (@LiveSquawk) May 10, 2022
Housing
China’s fourth-largest developer by sales is approaching a possible default.
— Bloomberg (@business) May 10, 2022
Here's the latest on Chinese property developers⬇️ https://t.co/rJjLLdSBe5
Monetary Policy
PBoC Injects 10Bln Yuan Of 7 Day Reverse Repo At 2.1%; Injecting A Net Of 10Bln Yuan In Open Market Ops
— LiveSquawk (@LiveSquawk) May 10, 2022
Trade, Supply Chain and Geopolitics
South Korea’s New President: Will Present 'Audacious Plan' To Strengthen North Korean Economy If It 'Genuinely' Embarks On Process To Denuclearisation
— LiveSquawk (@LiveSquawk) May 10, 2022
Europe
Economic Indicators and Prospects
Ukraine’s economy will plunge by almost a third in 2022, more than previously expected, in a scenario where the war ends this year, the European Bank for Reconstruction and Development says https://t.co/AFglxNj1k5
— Bloomberg Economics (@economics) May 10, 2022
Monetary Policy
Trade, Supply Chain and Geopolitics
The latest updates on Russia's invasion of Ukraine https://t.co/Abzrf7KtmS
— Bloomberg Economics (@economics) May 10, 2022
Focus on Sanctions