Morning Brief: Focus on U.S. CPI, Chinese CPI Surprised Upward
Americas
Economic Indicators and Prospects
Biden says Fed targeting inflation, China tariffs under review https://t.co/kkvy5GFG7s pic.twitter.com/lnRQhzdpSp
— Reuters World (@ReutersWorld) May 10, 2022
Housing
Mortgage Originations by Credit Score and Age
— Bill McBride (@calculatedrisk) May 10, 2022
"Credit scores on newly originated mortgages remain very high and reflect continuing high lending standards"https://t.co/Ebj2EufsCa pic.twitter.com/S9ZjSL1kht
Monetary Policy
Cleveland Fed President Loretta Mester says she favors half-point interest-rate increases but would support bigger increments later if inflation doesn’t ease by the second half of the year https://t.co/wPay56NqPp
— Bloomberg Economics (@economics) May 10, 2022
Fed's Williams: Will move expeditiously to bring rates back to more normal levelshttps://t.co/PBeibtKzzj
— ForexLive (@ForexLive) May 10, 2022
Trade, Supply Chain and Geopolitics
The US House on Tuesday night approved a more than $40 billion emergency Ukraine spending bill that pays for new weapons and provides economic and humanitarian assistance. https://t.co/2BlEceqrcH
— Daily Maverick (@dailymaverick) May 11, 2022
Asia
Covid-19
Economic Indicators and Prospects
🇨🇳 #China #Inflation Exceeds Forecasts as Lockdowns Roil Supplies – Bloomberg
— Christophe Barraud🛢🐳 (@C_Barraud) May 11, 2022
*Link: https://t.co/59c9EEawoF pic.twitter.com/fdiWcTFvWm
⚡CAAM:
— CN Wire (@Sino_Market) May 11, 2022
April New Energy Vehicle production increased by 43.9% y/y to 0.312 million units, and sales increased by 44.6% to 0.299 million units.#China #automobilehttps://t.co/Zx9WbjcD3c pic.twitter.com/2V2ZKs8dY3
Australian consumer sentiment tumbles to the lowest level since August 2020 as rising cost of living and prospect of faster interest-rate increases spook households https://t.co/6V3q7PNiVH
— Bloomberg Australia (@BloombergAU) May 11, 2022
Monetary Policy
Malaysia’s central bank is widely expected to maintain its benchmark interest rate at a record-low Wednesday https://t.co/hkoCZ07UcQ
— Bloomberg Economics (@economics) May 11, 2022
Trade, Supply Chain and Geopolitics
🇫🇷 🇨🇳 *XI SAYS #CHINA IS WILLING TO EXPAND FRENCH IMPORTS: XINHUA
— Christophe Barraud🛢🐳 (@C_Barraud) May 10, 2022
*XI: TO DEEPEN COOPERATIONS WITH FRANCE IN NEXT 5 YEARS: XINHUA
Europe
Economic Indicators and Prospects
The French economy will grow only 0.2% in the second quarter as companies face increasing difficulty getting supplies following Russia’s invasion of Ukraine, says the Bank of France https://t.co/PTkcXSFbjZ
— Bloomberg Economics (@economics) May 11, 2022
Monetary Policy
The ECB can begin looking at raising interest rates from record lows in July, Executive Board member Frank Elderson says, downplaying the risk of a euro-area recession https://t.co/aXJMhpyXeX
— Bloomberg Economics (@economics) May 11, 2022
Fiscal Policy
Amid the debate over Ukraine's reconstructions, the EU is weighing joint debt and plans to help the country ship crops stuck due to the war https://t.co/I9Lg1ByBbQ
— Bloomberg Economics (@economics) May 11, 2022
Energy
European natural gas prices rise after Russian transit flows via one of the key entry points in Ukraine stop, as the war affects physical supplies of the fuel https://t.co/in5RNMT9fn
— Bloomberg Economics (@economics) May 11, 2022
Trade, Supply Chain and Geopolitics
Here's the latest updates on Russia's invasion of Ukraine https://t.co/tLWkX9tfXe
— Bloomberg Economics (@economics) May 11, 2022
Other Areas And Global Economy
⚠ #WeekAhead: Week 19 (2022) ⚠
— Christophe Barraud🛢🐳 (@C_Barraud) May 9, 2022
🇷🇺 #Russia Victory Day
🇺🇸 U.S. CPI and PPI
🇺🇸 🇪🇺 #Fed & #ECB Speakers
…https://t.co/841FLNyKdW