Morning Brief: Biden Says He and Xi to Talk ‘Soon’, German PPI Hits Record High
Americas
Markets
Record low. pic.twitter.com/3rfyVlXVNM
— Macro Charts (@MacroCharts) June 18, 2022
"Nasty Squeeze" On Deck: Last Week's Shorting By Hedge Funds Was "The Second Largest Ever" https://t.co/FRkXvA55f1
— zerohedge (@zerohedge) June 19, 2022
This has been the 2nd worst period for traditional “60/40” portfolios (60% stocks, 40% bonds) since the 1970s. Only the worst stretches of the Financial Crisis were worse. https://t.co/H4p1RcpfIn pic.twitter.com/2QKcZcw6Uv
— Bespoke (@bespokeinvest) June 18, 2022
Economic Indicators and Prospects
Pressed by @GStephanopoulos about being “too optimistic about inflation last year,” Treasury Sec. Yellen says part of the reason inflation rose is because "Russia’s war on Ukraine has boosted energy and food prices in the United States and globally." https://t.co/5BDemeFzmI pic.twitter.com/wP14V4YL03
— This Week (@ThisWeekABC) June 19, 2022
Housing
Realtor .com Reports Weekly Inventory Up 17% Year-over-year https://t.co/MdKCyYO6mb pic.twitter.com/qn8A08LoiD
— Bill McBride (@calculatedrisk) June 17, 2022
🇺🇸 #Housing | Builders Are Slashing Prices to Sell Homes in Fast-Cooling US Markets – Bloomberghttps://t.co/lBZhu9jPeW
— Christophe Barraud🛢🐳 (@C_Barraud) June 19, 2022
Monetary Policy
Inflation will not fall to 2% target for two years, Fed's Mester says https://t.co/OlNGcMm120 pic.twitter.com/jwJJSlOLVC
— Reuters (@Reuters) June 19, 2022
Trade, Supply Chain and Geopolitics
Asia
Covid-19
#Jilin city will suspend all public transportations from June 20 to June 22 for pandemic control.-CCTV#China
— CN Wire (@Sino_Market) June 19, 2022
Shanghai’s Weekend Covid Testing Blitz Shows Cases Contained – BBG https://t.co/qRzdaVkCii
— LiveSquawk (@LiveSquawk) June 20, 2022
Housing
#Hangzhou's downtown second-hand home transactions surged 112% m/m to 5,143 units after the government introduced a series lossened policies a month ago, according to the official data.#China #realestate #property https://t.co/6L5i8OTcGv
— CN Wire (@Sino_Market) June 19, 2022
Monetary Policy
China Resists Loan Rate Cuts, Keeps Lending Benchmark Unchanged In June – SCMP https://t.co/oMx2rGvUO7
— LiveSquawk (@LiveSquawk) June 20, 2022
Hong Kong Interbank Rate Posts Biggest Weekly Jump In Two Years – BBG https://t.co/oBYBsq3G14
— LiveSquawk (@LiveSquawk) June 20, 2022
S. Korea to take measures against excessive currency volatility: finance minister https://t.co/KCCFIXqhs3
— Yonhap News Agency (@YonhapNews) June 20, 2022
Trade, Supply Chain and Geopolitics
China's crude oil imports from Russia soared 55% from a year earlier to a record level in May, displacing Saudi Arabia as the top supplierhttps://t.co/tIzcKIKHbC
— CN Wire (@Sino_Market) June 20, 2022
Europe
Economic Indicators and Prospects
Companies should raise wages for their employees by the end of the summer, French Finance Minister Bruno Le Maire says https://t.co/9ItoR4owpA
— Bloomberg Economics (@economics) June 20, 2022
Monetary Policy
The European Central Bank intends to ensure that its monetary policy is transmitted equally across the euro zone by preventing undue turbulence on government bond markets, Governing Council member Olli Rehn says https://t.co/50JXuBSH6S
— Bloomberg Economics (@economics) June 20, 2022
Fiscal Policy
Eurogroup Chief: Europe Does Not Face Fresh Sovereign Debt Crisis – FT https://t.co/bsXN1nxeuv
— LiveSquawk (@LiveSquawk) June 20, 2022
Politics
Spain’s main opposition party was projected to score a resounding election victory in the country’s most populous region, highlighting the scale of the challenge Prime Minister Pedro Sanchez faces to win re-election next year https://t.co/VgbAIt9mQ2
— Bloomberg (@business) June 19, 2022
Energy
FULL STATEMENT from Germany’s Economic Minister Robert Habeck on the country’s gas crisis. Absolutely must read.
— Javier Blas (@JavierBlas) June 19, 2022
“In order to reduce gas consumption, less gas is to be used to produce electricity. Instead, coal-fired power plants will have to be used more”https://t.co/0bVsFOi7sn
Trade, Supply Chain and Geopolitics